Ghana vs Micronesia, Federated States of: Remittance inflows to GDP
Remittance inflows to GDP over time
- Ghana
- Micronesia, Federated States of
How they compare
Ghana currently reports 6.1% against 5.7% in Micronesia, Federated States of, a difference of 0.4%.
That makes Ghana's figure about 1.1 times Micronesia, Federated States of's.
The two have swapped places 3 times across 12 shared years of data; in 2009 it was Micronesia, Federated States of ahead.
Ghana ranks 58th and Micronesia, Federated States of ranks 60th of 197 countries.
Across the 3 decades both report, Ghana averaged higher in 1 and Micronesia, Federated States of in 2.
Head to head by decade
| Decade | Ghana | Micronesia, Federated States of | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.4% | 6.2% | 5.8% | Micronesia, Federated States of |
| 2010s | 5.0% | 6.5% | 1.5% | Micronesia, Federated States of |
| 2020s | 6.1% | 5.7% | 0.4% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Ghana or Micronesia, Federated States of?
- Ghana, at 6.1% against 5.7% in Micronesia, Federated States of as of 2020.
- What is the difference in remittance inflows to gdp between Ghana and Micronesia, Federated States of?
- 0.4%, with Ghana ahead.
- How many years of comparable data are there for Ghana and Micronesia, Federated States of?
- 12 years are reported by both, from 2009 to 2020.
- How do Ghana and Micronesia, Federated States of rank globally for remittance inflows to gdp?
- Ghana ranks 58th and Micronesia, Federated States of ranks 60th 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.
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.