Personal remittances, received in Low income
Low income: Personal remittances, received was 3.8% in 2024. ▲ Rising
Personal remittances, received in Low income, 1980–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Low income stood at 3.8%.
Compared with earlier readings it is up 38.2% on the previous year and up 28.2% over ten years.
Over the whole period, personal remittances, received in Low income peaked at 3.9% in 2003 and was at its lowest, 1.5%, in 1986.
That places Low income 13th 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 45 years of available data.
Personal remittances, received in Low income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 2.9% | — |
| 1981 | 2.2% | -26.6% |
| 1982 | 1.6% | -28.0% |
| 1983 | 1.8% | +14.2% |
| 1984 | 1.6% | -10.6% |
| 1985 | 1.8% | +11.9% |
| 1986 | 1.5% | -14.3% |
| 1987 | 1.5% | +1.9% |
| 1988 | 1.6% | +5.5% |
| 1989 | 1.8% | +12.9% |
| 1990 | 2.5% | +33.7% |
| 1991 | 1.6% | -36.0% |
| 1992 | 2.8% | +78.8% |
| 1993 | 2.4% | -15.4% |
| 1994 | 2.6% | +9.9% |
| 1995 | 3.2% | +22.2% |
| 1996 | 3.2% | -0.3% |
| 1997 | 3.2% | -1.2% |
| 1998 | 3.6% | +14.1% |
| 1999 | 3.5% | -3.5% |
| 2000 | 3.2% | -6.6% |
| 2001 | 3.2% | -0.8% |
| 2002 | 3.4% | +4.9% |
| 2003 | 3.9% | +15.5% |
| 2004 | 3.6% | -7.8% |
| 2005 | 2.5% | -31.8% |
| 2006 | 2.3% | -7.4% |
| 2007 | 2.3% | +1.0% |
| 2008 | 2.4% | +2.9% |
| 2009 | 2.2% | -6.5% |
| 2010 | 2.5% | +13.0% |
| 2011 | 2.6% | +5.4% |
| 2012 | 3.2% | +22.0% |
| 2013 | 3.1% | -2.8% |
| 2014 | 3.0% | -4.8% |
| 2015 | 3.1% | +5.2% |
| 2016 | 3.1% | -1.3% |
| 2017 | 2.2% | -27.4% |
| 2018 | 2.7% | +20.4% |
| 2019 | 2.7% | +0.5% |
| 2020 | 2.4% | -10.0% |
| 2021 | 2.5% | +4.0% |
| 2022 | 2.9% | +12.6% |
| 2023 | 2.8% | -3.4% |
| 2024 | 3.8% | +38.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.8% | 1.5% | 2.9% | 10 |
| 1990s | 2.9% | 1.6% | 3.6% | 10 |
| 2000s | 2.9% | 2.2% | 3.9% | 10 |
| 2010s | 2.8% | 2.2% | 3.2% | 10 |
| 2020s | 2.9% | 2.4% | 3.8% | 5 |
Countries ranked near Low income
More economy & growth data for Low income
- Industry (including construction), value added 6.9% (2025)
- Agriculture, forestry, and fishing, value added 142.76 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 5.1% (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3507 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added 59.60 billion constant 2015 US$ (2025)
- Services, value added (constant 2015 US$), per capita 293.66 constant 2015 US$ per person (2025)
- Industry (including construction), value added 182.48 billion current US$ (2025)
- Industry (including construction), value added 155.56 billion constant 2015 US$ (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9848 current US$ per US$ of GDP (2025)
- Services, value added 40.5% (2025)
Frequently asked questions
- What is personal remittances, received in Low income?
- Personal remittances, received in Low income was 3.8% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Low income?
- The highest recorded value was 3.9% in 2003.
- What is the lowest personal remittances, received recorded in Low income?
- The lowest recorded value was 1.5% in 1986.
- How does Low income rank for personal remittances, received?
- Low income ranks 13th out of 47 groups with data for 2024.
- Is personal remittances, received rising or falling in Low income?
- Over the last ten years it is up 28.2%. The long-run trend across the full record is rising.
- Where does this Low 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.