Workers' remittances paid reached 183 USD mil in 2017 in Mongolia, according to the National Statistical Office. This is 7.12 % more than in the previous year.
Historically, workers' remittances paid in Mongolia reached an all time high of 531 USD mil in 2012 and an all time low of 1.89 USD mil in 1999. When compared to Mongolia's main peers, workers' remittances paid in China amounted to 16,178 USD mil, 2,669 USD mil in Kazakhstan, 476 USD mil in Kyrgyzstan and 20,610 USD mil in Russia in 2017.
Mongolia has been ranked 93rd within the group of 142 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.