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Remittance Inflows to GDP for Mongolia (DDOI11MNA156NWDB)


2020: 4.17773 (+ more)   Updated: Mar 23, 2022
2020:  4.17773  
2019:  4.00759  
2018:  3.36076  
2017:  2.39253  
2016:  2.32308  
View All


Not Seasonally Adjusted




Source: World Bank  

Release: Global Financial Development  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Annual


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

Suggested Citation:

World Bank, Remittance Inflows to GDP for Mongolia [DDOI11MNA156NWDB], retrieved from FRED, Federal Reserve Bank of St. Louis;, March 30, 2023.


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