Workers' remittances paid reached 26,598 USD mil in 2017 in Switzerland, according to the National Statistical Office. This is 3.19 % more than in the previous year.
Historically, workers' remittances paid in Switzerland reached an all time high of 26,598 USD mil in 2017 and an all time low of 1,306 USD mil in 1977. When compared to Switzerland's main peers, workers' remittances paid in Austria amounted to 5,475 USD mil, 13,503 USD mil in France, 22,091 USD mil in Germany and 9,249 USD mil in Italy in 2017.
Switzerland has been ranked 5th within the group of 142 countries we follow in terms of workers' remittances paid, 2 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.