The personal remittances received in Algeria increased by 111 million U.S. dollars (+6.69 percent) in 2023. In total, the personal remittances received amounted to 1.8 billion U.S. dollars in 2023. Remittances are flows of money between immigrants and their relatives. They refer to personal transfers between resident and nonresident individuals, and the compensation of employees who are employed in an economy where they are not resident, and of residents employed by nonresident entities.
The source adds the following information: 'Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.'
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World Bank. (May 30, 2024). Value of personal remittance inflows in Algeria from 2004 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1240529/value-of-remittance-inflows-in-algeria/
World Bank. "Value of personal remittance inflows in Algeria from 2004 to 2023 (in million U.S. dollars)." Chart. May 30, 2024. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1240529/value-of-remittance-inflows-in-algeria/
World Bank. (2024). Value of personal remittance inflows in Algeria from 2004 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1240529/value-of-remittance-inflows-in-algeria/
World Bank. "Value of Personal Remittance Inflows in Algeria from 2004 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1240529/value-of-remittance-inflows-in-algeria/
World Bank, Value of personal remittance inflows in Algeria from 2004 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1240529/value-of-remittance-inflows-in-algeria/ (last visited July 23, 2024)
Value of personal remittance inflows in Algeria from 2004 to 2023 (in million U.S. dollars) [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1240529/value-of-remittance-inflows-in-algeria/