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Personal remittances, received in current prices

(US dollars)

India is the top country by personal remittances, received in the world. As of 2017, personal remittances, received in India was 68,967 million US dollars that accounts for 11.97 % of the world's personal remittances, received. The top 5 countries (others are Philippines, Mexico, China, and France) account for 32.55 % of it. The world's total personal remittances, received was estimated at 576,254 million US dollars in 2017.

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What is personal remittances, received?

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.