Workers' remittances paid reached 33.4 USD mil in 2017 in Nepal, according to the National Statistical Office. This is 66.7 % more than in the previous year.
Historically, workers' remittances paid in Nepal reached an all time high of 79.2 USD mil in 2006 and an all time low of 3.01 USD mil in 1993. When compared to Nepal's main peers, workers' remittances paid in Bangladesh amounted to 45.8 USD mil, 52.6 USD mil in Bhutan, 16,178 USD mil in China and 6,959 USD mil in India in 2017.
Nepal has been ranked 126th within the group of 142 countries we follow in terms of workers' remittances paid, 14 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.