Workers' remittances paid reached 5,475 USD mil in 2017 in Austria, according to the National Statistical Office. This is 8.41 % more than in the previous year.
Historically, workers' remittances paid in Austria reached an all time high of 5,475 USD mil in 2017 and an all time low of 24.7 USD mil in 1970. When compared to Austria's main peers, workers' remittances paid in Germany amounted to 22,091 USD mil, 922 USD mil in Hungary, 9,249 USD mil in Italy and 26,598 USD mil in Switzerland in 2017.
Austria has been ranked 22nd within the group of 142 countries we follow in terms of workers' remittances paid, 4 places above 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.