Workers' Remittances, Paid (USD) rose 13.177225399283% to USD 27.4 mil in Macedonia in 2017

Workers' Remittances, Paid (USD) (USD mil)
Economy | Macedonia | May 17, 2019
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Workers' remittances paid reached 27.4 USD mil in 2017 in Macedonia, according to the National Statistical Office. This is 13.2 % more than in the previous year.

Historically, workers' remittances paid in Macedonia reached an all time high of 33.0 USD mil in 2008 and an all time low of 0.380 USD mil in 1997. When compared to Macedonia's main peers, workers' remittances paid in Albania amounted to 106 USD mil, 199 USD mil in Bulgaria, 881 USD mil in Greece and 63.4 USD mil in Kosovo in 2017.

Macedonia has been ranked 130th within the group of 142 countries we follow in terms of workers' remittances paid, 11 places behind the position seen 10 years ago.

Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.

Workers' Remittances, Paid (USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Albania USD mil 151 216 191 179 153
Bulgaria USD mil 105 107 162 169 151
Greece USD mil 1,941 1,438 1,291 1,424 975
Kosovo USD mil 151 118 106 99.8 68.4
Macedonia USD mil 24.7 23.9 24.4 24.0 19.9
Montenegro USD mil 43.5 52.6 64.3 72.1 53.6
Romania USD mil 128 116 547 638 526
Serbia USD mil 204 218 255 267 245
Turkey USD mil 268 404 689 815 850