In 2022, personal remittances, received for Lao People’s Democratic Republic was 239 million US dollars. Personal remittances, received of Lao People’s Democratic Republic increased from 765,769 US dollars in 2003 to 239 million US dollars in 2022 growing at an average annual rate of 55.26%.
The description is composed by our digital data assistant.Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.