Received remittances across the world
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.