Personal remittances, received in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Personal remittances, received was 2.7% in 2024. ▲ Rising
Personal remittances, received in Europe & Central Asia (excluding high income), 1974–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Europe & Central Asia (excluding high income) recorded 2.7% for personal remittances, received in 2024.
Compared with earlier readings it is down 10.6% on the previous year and up 13.0% over ten years.
Over the whole period, personal remittances, received in Europe & Central Asia (excluding high income) peaked at 4.0% in 1974 and was at its lowest, 1.3%, in 1996.
That places Europe & Central Asia (excluding high income) 20th out of 47 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 43 years of available data.
Personal remittances, received in Europe & Central Asia (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 4.0% | — |
| 1975 | 2.8% | -29.2% |
| 1976 | 1.9% | -33.0% |
| 1977 | 1.7% | -12.3% |
| 1978 | 1.5% | -10.9% |
| 1979 | 1.9% | +26.7% |
| 1980 | 3.0% | +59.2% |
| 1981 | 3.5% | +16.3% |
| 1982 | 3.3% | -5.0% |
| 1983 | 2.4% | -26.4% |
| 1984 | 3.0% | +23.1% |
| 1985 | 2.5% | -15.4% |
| 1986 | 2.2% | -15.3% |
| 1995 | 1.4% | -34.1% |
| 1996 | 1.3% | -9.2% |
| 1997 | 1.4% | +10.4% |
| 1998 | 2.3% | +59.9% |
| 1999 | 2.3% | -1.2% |
| 2000 | 2.2% | -2.0% |
| 2001 | 2.2% | +1.6% |
| 2002 | 1.9% | -15.6% |
| 2003 | 1.5% | -22.3% |
| 2004 | 1.5% | +2.0% |
| 2005 | 1.6% | +8.9% |
| 2006 | 1.8% | +9.0% |
| 2007 | 2.2% | +23.8% |
| 2008 | 2.4% | +9.5% |
| 2009 | 2.5% | +2.9% |
| 2010 | 2.3% | -8.2% |
| 2011 | 2.4% | +3.2% |
| 2012 | 2.4% | +2.3% |
| 2013 | 2.4% | -0.1% |
| 2014 | 2.4% | -1.4% |
| 2015 | 2.3% | -3.9% |
| 2016 | 2.4% | +7.2% |
| 2017 | 2.9% | +17.0% |
| 2018 | 3.3% | +15.1% |
| 2019 | 3.4% | +2.0% |
| 2020 | 3.3% | -3.0% |
| 2021 | 3.4% | +3.4% |
| 2022 | 3.9% | +14.9% |
| 2023 | 3.0% | -22.3% |
| 2024 | 2.7% | -10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.3% | 1.5% | 4.0% | 6 |
| 1980s | 2.9% | 2.2% | 3.5% | 7 |
| 1990s | 1.7% | 1.3% | 2.3% | 5 |
| 2000s | 2.0% | 1.5% | 2.5% | 10 |
| 2010s | 2.6% | 2.3% | 3.4% | 10 |
| 2020s | 3.2% | 2.7% | 3.9% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
More economy & growth data for Europe & Central Asia (excluding high income)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.77 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,786 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 15.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 68.56 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 20.44 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.18 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0018 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7534 current US$ per US$ of GDP (2025)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is personal remittances, received in Europe & Central Asia (excluding high income)?
- Personal remittances, received in Europe & Central Asia (excluding high income) was 2.7% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 4.0% in 1974.
- What is the lowest personal remittances, received recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 1.3% in 1996.
- How does Europe & Central Asia (excluding high income) rank for personal remittances, received?
- Europe & Central Asia (excluding high income) ranks 20th out of 47 groups with data for 2024.
- Is personal remittances, received rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is up 13.0%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (excluding high income) data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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 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.