Dominican Republic - Workers' remittances and compensation of employees, received (% of GDP)

Workers' remittances and compensation of employees, received (% of GDP) in Dominican Republic was at 7.63 %, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 dominican republic 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.


Dominican Republic | Economy & Growth

GDP (current $)
64137819040 %
GDP (constant 2005 $)
54626878957 %
GDP (current US$)
68102618092 USD
GDP (current LCU)
3068138719500 LCU
GDP (constant 2000 US$)
68989328535 USD
GDP (constant LCU)
2104464253700 LCU
GNI (current US$)
65057949416 USD
GNI (current LCU)
2930971219700 LCU
GNI (constant 2000 US$)
65881027712 USD
GNI (constant LCU)
2009536269609 LCU
Gross savings (current US$)
14599017410 USD
Gross savings (current LCU)
657710552650 LCU