Workers' remittances paid reached 1,109 USD mil in 2018 in Hungary, according to the National Statistical Office. This is 21.1 % less than in the previous year.
Historically, workers' remittances paid in Hungary reached an all time high of 1,406 USD mil in 2019 and an all time low of 59.8 USD mil in 1998. When compared to Hungary's main peers, workers' remittances paid in Austria amounted to 5,925 USD mil, 2,786 USD mil in Czech Republic, 7,116 USD mil in Poland and 364 USD mil in Slovakia in 2018.
Hungary has been ranked 40th within the group of 152 countries we follow in terms of workers' remittances paid, 3 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.