Costa Rica vs Panama: Remittance inflows to GDP
Remittance inflows to GDP over time
- Costa Rica
- Panama
How they compare
Costa Rica currently reports 0.8% against 0.8% in Panama, a difference of 0.0%.
The two have swapped places 5 times across 44 shared years of data; in 1977 it was Panama ahead.
Costa Rica ranks 129th and Panama ranks 130th of 197 countries.
Across the 6 decades both report, Costa Rica averaged higher in 3 and Panama in 3.
Head to head by decade
| Decade | Costa Rica | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.1% | 3.7% | 3.7% | Panama |
| 1980s | 0.2% | 1.4% | 1.3% | Panama |
| 1990s | 0.6% | 1.0% | 0.5% | Panama |
| 2000s | 1.8% | 1.0% | 0.8% | Costa Rica |
| 2010s | 1.1% | 1.0% | 0.0% | Costa Rica |
| 2020s | 0.8% | 0.8% | 0.0% | Costa Rica |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Costa Rica or Panama?
- Costa Rica, at 0.8% against 0.8% in Panama as of 2020.
- What is the difference in remittance inflows to gdp between Costa Rica and Panama?
- 0.0%, with Costa Rica ahead.
- How many years of comparable data are there for Costa Rica and Panama?
- 44 years are reported by both, from 1977 to 2020.
- How do Costa Rica and Panama rank globally for remittance inflows to gdp?
- Costa Rica ranks 129th and Panama ranks 130th 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.