Remittance outflow from Slovakia, by year 2023

This statistic shows the value of remittance outflows from Slovakia 2000 to 2023. Over the observed period, the minimum value was recorded at 6.71 million U.S. dollars in 2000. In 2023, migrants sent home 539.17 million U.S. dollars in remittances. This was nearly 173 million U.S. dollars more than in the previous year.

Value of personal remittances in Slovakia from 2000 to 2023, based on remittance outflow towards any other country

Characteristic	Personal remittance outflow (in million U.S. dollar)	Year-on-year percentage change (%)
2023	539.17	47.1
2022	366.55	-16.9
2021	441.01	7.4
2020	410.59	-19.7
2019	511.27	40.3
2018	364.3	34.3
2017	271.34	12
2016	242.26	0.9
2015	239.99	6.4
2014	225.51	28.6
2013	175.3	13.7
2012	154.18	121.1
2011	69.74	-0.3
2010	69.92	-49.4
2009	138.19	-9.5
2008	152.69	86.5
2007	81.86	38.8
2006	58.98	18.1
2005	49.93	71.4
2004	29.13	87
2003	15.58	37.4
2002	11.33	12.1
2001	10.11	50.6
2000	6.71	-

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Release date

July 2024

More information

Region

Slovakia

Survey time period

2000 to 2023

Special properties

All figures are estimates and in current U.S. dollars; This statistic follows the BPM 6 definitions of remittances, differentiating between "personal" and "total" remittances even if the two figures are often the same. See the "Details" tab for more information.

Supplementary notes

The numbers provided have been calculated by Statista, using definitions of remittances set in BPM 6 - the Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual. The IMF used the following remittance definitions:

Personal remittances: The sum of "personal transfers", "compensation of employees" and "capital transfers between households";
Total remittances: The sum of "1. Personal remittances" with "social benefits";
Total remittances and transfers to Non-Profit Institutions Serving Households (NPISHs): The sum of "2. Total remittances" with "current transfers to NPISHs" and "capital transfers to NPISHs"

The categories of "personal transfers", "compensation of employees", "capital transfers between households", "social benefits", "current transfers to NPISHs" and "capital transfers to NPISHs" are all found in the IMF's Balance of Payments (BOP) database. Both the World Bank - and its KNOMAD department - adopted this IMF database in all their reportings on remittances.

Only the first two IMF categories - "personal transfers" and "compensation of employees" - are reported, though. All other categories are supplementary, meaning data is often not available or researched. This effectively means remittance data is incomplete - as it only covers (parts of) 1. Personal remittances.

Due to this lack of additional information, calculations on 1. Personal remittances and 2. Total remittances regularly lead to the same results. However, sources tend to write "total remittances" when the figures technically refer to "personal remittances". To avoid this confusion, Statista follows the BPM 6 wording of "personal remittances", unless a country does provide additional data that would lead to different figures that would be accounted for in "total remittances".

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