This table provides metadata for the actual indicator available from UK statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from UK statistics, this table should be consulted for information on national methodology and other UK-specific metadata information.
Volume of remittances as a proportion of total GDP
Personal remittances received as proportion of GDP is the inflow of personal remittances expressed as a percentage of Gross Domestic Product (GDP).
|Unit of measurement||
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from non-resident households. Personal transfers thus include all current transfers between resident and non-resident 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 non-resident entities. Data are the sum of these two items, as defined in the sixth edition of the IMF's Balance of Payments Manual - personal transfers and compensation of employees.
IMF - International Monetary Fund
OECD - Organisation for Economic Co- operation and Development
GDP - Gross Domestic Product
No calculations were performed, data is obtained is a ready format from the source.
Data represents World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates. Data follows the UN specification for this indicator. This indicator has been identified in collaboration with topic experts.
|Data last updated||19 July 2023|
|Metadata last updated||19 July 2023|