Remittance Inflows to GDP for Somalia

Observations

2020: 24.90920

Updated: May 7, 2024 3:28 PM CDT

2020:	24.90920
2019:	24.34890
2018:	25.33040
2017:	0.00000
2016:	0.00000

Units:

Percent,

Not Seasonally Adjusted

Frequency:

Annual

Notes

Title	Release Dates

Remittance Inflows to GDP for Somalia	2012-09-24	2024-04-23

Source

World Bank	2012-09-24	2024-04-23

Release

Global Financial Development	2012-09-24	2024-04-23

Units

Percent	2012-09-24	2024-04-23

Frequency

Annual	2012-09-24	2024-04-23

Seasonal Adjustment

Not Seasonally Adjusted	2012-09-24	2024-04-23

Notes

Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. (International Monetary Fund, World Bank and OECD) Source Code: GFDD.OI.11	2012-09-24	2015-09-13
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. Source Code: GFDD.OI.13	2015-09-14	2024-04-23