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

Workers' remittances and compensation of employees, received (% of GDP) in Panama was at 1.074 % in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 panama 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.


Panama | Economy & Growth

GDP (current $)
46212600000 %
GDP (constant 2005 $)
31751812769 %
GDP (current US$)
52132289747 USD
GDP (current LCU)
52132289747 LCU
GDP (constant 2000 US$)
42241946769 USD
GDP (constant LCU)
35731583123 LCU
GNI (current US$)
47963834335 USD
GNI (current LCU)
47963834335 LCU
GNI (constant 2000 US$)
37465196453 USD
GNI (constant LCU)
31659380760 LCU
Gross savings (current US$)
16348263164 USD
Gross savings (current LCU)
16348263164 LCU