Cape Verde - Workers' remittances and compensation of employees, received (% of GDP)

Workers' remittances and compensation of employees, received (% of GDP) in Cape Verde was at 12.54 %, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 cape verde workers remittances and compensation of employees received percent of gdp wb data




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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.


Cape Verde | Economy & Growth

GDP (current US$)
1603239233 USD
GDP (current LCU)
159403557714 LCU
GDP (constant 2000 US$)
1821863561 USD
GDP (constant LCU)
142653329556 LCU
GNI (current US$)
1545393411 USD
GNI (current LCU)
153652182826 LCU
GNI (constant 2000 US$)
1701769538 USD
GNI (constant LCU)
133208704141 LCU
Gross savings (current LCU)
44009397409 LCU