Austria vs Iceland: Remittance inflows to GDP
Remittance inflows to GDP over time
- Austria
- Iceland
How they compare
Iceland currently reports 0.8% against 0.7% in Austria, a difference of 0.1%.
That makes Iceland's figure about 1.1 times Austria's.
The two have swapped places 5 times across 45 shared years of data; in 1976 it was Austria ahead.
Austria ranks 135th and Iceland ranks 133rd of 196 countries.
Across the 6 decades both report, Austria averaged higher in 3 and Iceland in 3.
Head to head by decade
| Decade | Austria | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.2% | 0.1% | 0.2% | Austria |
| 1980s | 0.3% | 0.2% | 0.1% | Austria |
| 1990s | 0.5% | 0.7% | 0.2% | Iceland |
| 2000s | 0.8% | 0.5% | 0.3% | Austria |
| 2010s | 0.7% | 1.0% | 0.3% | Iceland |
| 2020s | 0.7% | 0.8% | 0.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Austria or Iceland?
- Iceland, at 0.8% against 0.7% in Austria as of 2020.
- What is the difference in remittance inflows to gdp between Austria and Iceland?
- 0.1%, with Iceland ahead.
- How many years of comparable data are there for Austria and Iceland?
- 45 years are reported by both, from 1976 to 2020.
- How do Austria and Iceland rank globally for remittance inflows to gdp?
- Austria ranks 135th and Iceland ranks 133rd of 196 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.
Individual pages
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.