Guinea-Bissau | Workers' remittances and compensation of employees, received (% of GDP)
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.
Publisher
The World Bank
Origin
Republic of Guinea-Bissau
Records
53
Source
Guinea-Bissau | Workers' remittances and compensation of employees, received (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
0.91208632 1988
0.56300228 1989
0.40989991 1990
0.45369008 1991
0.58915328 1992
0.63322984 1993
0.70735365 1994
0.72187881 1995
0.73959087 1996
0.74473747 1997
1.94084955 1998
2.67950597 1999
3.72283365 2000
5.03838283 2001
8.65930386 2002
4.86641877 2003
5.29971856 2004
3.47363335 2005
4.41122509 2006
6.23006283 2007
5.86804645 2008
5.86808769 2009
5.49341505 2010
4.74201953 2011
2012
Guinea-Bissau | Workers' remittances and compensation of employees, received (% of GDP)
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.
Publisher
The World Bank
Origin
Republic of Guinea-Bissau
Records
53
Source