Workers' remittances paid reached 758 USD mil in 2017 in Cyprus, according to the National Statistical Office. This is 3.50 % more than in the previous year.
Historically, workers' remittances paid in Cyprus reached an all time high of 952 USD mil in 2010 and an all time low of 3.43 USD mil in 1977. When compared to Cyprus's main peers, workers' remittances paid in Egypt amounted to 271 USD mil, 881 USD mil in Greece, 5,967 USD mil in Israel and 1,063 USD mil in Turkey in 2017.
Cyprus has been ranked 53rd 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.