Workers' remittances paid reached 1,063 USD mil in 2017 in Turkey, according to the National Statistical Office. This is 5.85 % less than in the previous year.
Historically, workers' remittances paid in Turkey reached an all time high of 1,129 USD mil in 2016 and an all time low of 108 USD mil in 2005. When compared to Turkey's main peers, workers' remittances paid in Bulgaria amounted to 199 USD mil and 881 USD mil in Greece in 2017.
Turkey has been ranked 41st within the group of 142 countries we follow in terms of workers' remittances paid, 34 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.