Workers' remittances paid reached 273 USD mil in 2017 in Serbia, according to the National Statistical Office. This is 14.5 % more than in the previous year.
Historically, workers' remittances paid in Serbia reached an all time high of 273 USD mil in 2017 and an all time low of 129 USD mil in 2007. When compared to Serbia's main peers, workers' remittances paid in Bosnia and Herzegovina amounted to 63.5 USD mil, 304 USD mil in Croatia, 922 USD mil in Hungary and 364 USD mil in Romania in 2017.
Serbia has been ranked 81st within the group of 142 countries we follow in terms of workers' remittances paid, 7 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.