Latvia vs North Macedonia: Remittance inflows to GDP
Remittance inflows to GDP over time
- Latvia
- North Macedonia
How they compare
North Macedonia currently reports 3.4% against 3.2% in Latvia, a difference of 0.2%.
That makes North Macedonia's figure about 1.1 times Latvia's.
The two have swapped places 4 times across 25 shared years of data; in 1996 it was North Macedonia ahead.
Latvia ranks 81st and North Macedonia ranks 78th of 197 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and North Macedonia in 3.
Head to head by decade
| Decade | Latvia | North Macedonia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.7% | 1.8% | 1.1% | North Macedonia |
| 2000s | 2.8% | 3.4% | 0.6% | North Macedonia |
| 2010s | 4.7% | 3.3% | 1.4% | Latvia |
| 2020s | 3.2% | 3.4% | 0.2% | North Macedonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Latvia or North Macedonia?
- North Macedonia, at 3.4% against 3.2% in Latvia as of 2020.
- What is the difference in remittance inflows to gdp between Latvia and North Macedonia?
- 0.2%, with North Macedonia ahead.
- How many years of comparable data are there for Latvia and North Macedonia?
- 25 years are reported by both, from 1996 to 2020.
- How do Latvia and North Macedonia rank globally for remittance inflows to gdp?
- Latvia ranks 81st and North Macedonia ranks 78th 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.