Workers' remittances paid reached 368 USD mil in 2017 in Armenia, according to the National Statistical Office. This is 2.65 % more than in the previous year.
Historically, workers' remittances paid in Armenia reached an all time high of 391 USD mil in 2014 and an all time low of 3.21 USD mil in 1998. When compared to Armenia's main peers, workers' remittances paid in Azerbaijan amounted to 603 USD mil, 122 USD mil in Georgia and 1,063 USD mil in Turkey in 2017.
Armenia has been ranked 69th within the group of 142 countries we follow in terms of workers' remittances paid, 4 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.