Workers' remittances paid reached 350 USD mil in 2016 in Iraq, according to the National Statistical Office. This is 35.2 % less than in the previous year.
Historically, workers' remittances paid in Iraq reached an all time high of 781 USD mil in 2006 and an all time low of 17.3 USD mil in 2007. When compared to Iraq's main peers, workers' remittances paid in Kuwait amounted to 15,288 USD mil and 37,843 USD mil in Saudi Arabia in 2016.
Iraq has been ranked 76th within the group of 154 countries we follow in terms of workers' remittances paid, 37 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.