Armenia vs Dominican Republic: Remittance inflows to GDP
Remittance inflows to GDP over time
- Armenia
- Dominican Republic
How they compare
Dominican Republic currently reports 10.6% against 10.5% in Armenia, a difference of 0.1%.
The two have swapped places 2 times across 26 shared years of data; in 1995 it was Dominican Republic ahead.
Armenia ranks 33rd and Dominican Republic ranks 32nd of 197 countries.
Across the 4 decades both report, Armenia averaged higher in 3 and Dominican Republic in 1.
Head to head by decade
| Decade | Armenia | Dominican Republic | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.4% | 6.0% | 3.5% | Armenia |
| 2000s | 15.2% | 8.3% | 6.9% | Armenia |
| 2010s | 15.5% | 7.4% | 8.1% | Armenia |
| 2020s | 10.5% | 10.6% | 0.1% | Dominican Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Armenia or Dominican Republic?
- Dominican Republic, at 10.6% against 10.5% in Armenia as of 2020.
- What is the difference in remittance inflows to gdp between Armenia and Dominican Republic?
- 0.1%, with Dominican Republic ahead.
- How many years of comparable data are there for Armenia and Dominican Republic?
- 26 years are reported by both, from 1995 to 2020.
- How do Armenia and Dominican Republic rank globally for remittance inflows to gdp?
- Armenia ranks 33rd and Dominican Republic ranks 32nd of 197 countries.
- Where does this data come from?
- World Development Indicators (WDI), World Bank, published as Remittance inflows to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.