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

Workers' remittances and compensation of employees, received (% of GDP) in Madagascar was at 4.3895 % in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 madagascar 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.


Madagascar | Economy & Growth

GDP (current US$)
9738652322 USD
GDP (current LCU)
28568417417909 LCU
GDP (constant 2000 US$)
9934660186 USD
GDP (constant LCU)
683006625389 LCU
GNI (current US$)
9362686491 USD
GNI (current LCU)
27465518531635 LCU
GNI (constant 2000 US$)
9566979415 USD
GNI (constant LCU)
658111326980 LCU
Gross savings (current LCU)
1011415127465 LCU