Barbados BB: BOP: Current Account: Personal Remittances: Received: % of GDP

Barbados BB: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 1.494 % in 2022. This records a decrease from the previous number of 1.730 % for 2021. Barbados BB: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 2.235 % from Dec 1974 to 2022, with 49 observations. The data reached an all-time high of 4.254 % in 2001 and a record low of 0.578 % in 1985. Barbados BB: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Balance of Payments: Current Account. 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.;World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.;Weighted average;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

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