NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Remittance Inflows to GDP for Somalia Series ID: DDOI11SOA156NWDB Source: World Bank Release: Global Financial Development (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Annual Units: Percent Date Range: 1979-01-01 to 2020-01-01 Last Updated: 2024-05-07 3:28 PM CDT Notes: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. Source Code: GFDD.OI.13 DATE VALUE 1979-01-01 6.20713 1980-01-01 9.48517 1981-01-01 1.02252 1982-01-01 2.56928 1983-01-01 2.95687 1984-01-01 2.95687 1985-01-01 2.95687 1986-01-01 2.95687 1987-01-01 2.95687 1988-01-01 2.95687 1989-01-01 2.95687 1990-01-01 2.95687 1991-01-01 2.95687 1992-01-01 2.95687 1993-01-01 2.95687 1994-01-01 2.95687 1995-01-01 2.95687 1996-01-01 2.95687 1997-01-01 2.95687 1998-01-01 2.95687 1999-01-01 2.95687 2000-01-01 2.95687 2001-01-01 2.95687 2002-01-01 2.95687 2003-01-01 2.95687 2004-01-01 2.95687 2005-01-01 2.95687 2006-01-01 2.95687 2007-01-01 2.95687 2008-01-01 2.95687 2009-01-01 2.95687 2010-01-01 2.95687 2011-01-01 2.95687 2012-01-01 2.95687 2013-01-01 0.00000 2014-01-01 0.00000 2015-01-01 0.00000 2016-01-01 0.00000 2017-01-01 0.00000 2018-01-01 25.33040 2019-01-01 24.34890 2020-01-01 24.90920