Workers' remittances and compensation of employees - received (% of GDP) in Italy

Workers' remittances and compensation of employees; received (% of GDP) in Italy was last measured at 0.34 in 2014, according to the World Bank. 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. This page has the latest recorded value, an historical data chart and related indicators for Workers' remittances and compensation of employees - received (% of GDP) in Italy.



 italy workers remittances and compensation of employees received percent of gdp wb data




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ITALY | Balance of payments
 1990200020102014 
Trade in services (% of GDP) in Italy 8.510.210.210.9 [+]
Royalty and license fees; payments (BoP; US dollar) in Italy 1958867700.71198430009.96985741306.95506051820.0 [+]
Transport services (% of service imports; BoP) in Italy 23.623.623.123.1 [+]
Travel services (% of service imports; BoP) in Italy 22.028.224.324.9 [+]
Workers' remittances and compensation of employees; paid (US dollar) in Italy 3764186000.02582026611.012200837890.02507541692.8 [+]
Net income (BoP; US dollar) in Italy -14711943732.0-12009583222.8-11409627412.7-3450712066.0 [+]
Net errors and omissions; adjusted (BoP; US dollar) in Italy -15295843173.7-1355224709.8-41318976091.320172567643.0 [+]
Changes in net reserves (BoP; US dollar) in Italy -11583936078.6-2502836557.65601279881.4  [+]
Communications; computer; etc. (% of service exports; BoP) in Italy 41.032.840.840.8 [+]
Current transfers; receipts (BoP; US dollar) in Italy 12561634430.315797393776.024690249662.319675881356.0 [+]