Workers' remittances paid reached 412,269 USD mil in 2017 in World, according to the National Statistical Office. This is 3.35 % more than in the previous year.
Historically, workers' remittances paid in World reached an all time high of 412,269 USD mil in 2017 and an all time low of 1,401 USD mil in 1970. When compared to World's main peers, workers' remittances paid in China amounted to 16,178 USD mil, 22,091 USD mil in Germany, 5,283 USD mil in Japan and 67,964 USD mil in USA in 2017.
World has been ranked 1st within the group of 142 countries we follow in terms of workers' remittances paid.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.