Former Spanish colonies Compared by Labor > Workers' remittances > Receipts > BoP > Current US$
DEFINITION:
Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. This item shows receipts by the reporting country. Data are in current U.S. dollars.
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Interesting observations about Labor > Workers' remittances > Receipts > BoP > Current US$
- India has had the highest workers' remittances > receipts > boP > current US$ since 1994.
- Mexico ranked first for workers' remittances > receipts > boP > current US$ amongst Christian countries in 2005.
- Spain ranked first for workers' remittances > receipts > boP > current US$ amongst Europe in 2005.
- China ranked first for workers' remittances > receipts > boP > current US$ amongst Cold countries in 2005.
- Russia ranked first for workers' remittances > receipts > boP > current US$ amongst Former Soviet republics in 2005.
- Philippines ranked second for workers' remittances > receipts > boP > current US$ amongst Catholic countries in 2005.
- Egypt ranked first for workers' remittances > receipts > boP > current US$ amongst Muslim countries in 2005.
- Romania ranked second for workers' remittances > receipts > boP > current US$ amongst European Union in 2005.
- All of the top 3 countries by workers' remittances > receipts > boP > current US$ are Hot countries.
- Colombia ranked second for workers' remittances > receipts > boP > current US$ amongst Latin America and Caribbean in 2005.
