The personal remittances received as share of the gross domestic product in Algeria increased by 0.02 percentage points (+2.63 percent) in 2023 in comparison to the previous year. In total, the personal remittances received amounted to 0.78 percent in 2023. This increase was preceded by declining personal remittances received. Personal remittances refer to personal transfers – whether in cash or in kind – sent from a non-resident person to a resident. The indicator also includes the compensation of employees who do not reside in the country of employment. These employees are usually border, seasonal, short-term workers, or residents who are employed by entities registered abroad.
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. (October 24, 2024). Personal remittance inflows as a percentage of the gross domestic product (GDP) in Algeria from 2004 to 2023 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1240564/personal-remittance-inflows-as-gdp-share-in-algeria/
World Bank. "Personal remittance inflows as a percentage of the gross domestic product (GDP) in Algeria from 2004 to 2023." Chart. October 24, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1240564/personal-remittance-inflows-as-gdp-share-in-algeria/
World Bank. (2024). Personal remittance inflows as a percentage of the gross domestic product (GDP) in Algeria from 2004 to 2023. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1240564/personal-remittance-inflows-as-gdp-share-in-algeria/
World Bank. "Personal Remittance Inflows as a Percentage of The Gross Domestic Product (Gdp) in Algeria from 2004 to 2023." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1240564/personal-remittance-inflows-as-gdp-share-in-algeria/
World Bank, Personal remittance inflows as a percentage of the gross domestic product (GDP) in Algeria from 2004 to 2023 Statista, https://www.statista.com/statistics/1240564/personal-remittance-inflows-as-gdp-share-in-algeria/ (last visited December 22, 2024)
Personal remittance inflows as a percentage of the gross domestic product (GDP) in Algeria from 2004 to 2023 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1240564/personal-remittance-inflows-as-gdp-share-in-algeria/
