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

Workers' remittances and compensation of employees, received (% of GDP) in Serbia was at 9.0706 %, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 serbia 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.


Serbia | Economy & Growth

GDP (current US$)
37160332465 USD
GDP (current LCU)
4043467800000 LCU
GDP (constant 2000 US$)
40183938020 USD
GDP (constant LCU)
3123453300000 LCU
GNI (current US$)
35327332465 USD
GNI (current LCU)
3844016503800 LCU
GNI (constant 2000 US$)
38124455293 USD
GNI (constant LCU)
2963371612297 LCU
Gross savings (current LCU)
572447566308 LCU