Workers' remittances paid reached 103 USD mil in 2017 in Laos, according to the National Statistical Office. This is 161 % more than in the previous year.
Historically, workers' remittances paid in Laos reached an all time high of 103 USD mil in 2017 and an all time low of 0.200 USD mil in 1992. When compared to Laos's main peers, workers' remittances paid in Cambodia amounted to 325 USD mil, 16,178 USD mil in China, 4,397 USD mil in Thailand and 111 USD mil in Vietnam in 2017.
Laos has been ranked 108th within the group of 142 countries we follow in terms of workers' remittances paid, 29 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.