Madagascar vs Mexico: Remittance inflows to GDP
Remittance inflows to GDP over time
- Madagascar
- Mexico
How they compare
Mexico currently reports 3.9% against 3.7% in Madagascar, a difference of 0.2%.
That makes Mexico's figure about 1.1 times Madagascar's.
The two have swapped places 4 times across 42 shared years of data; in 1979 it was Mexico ahead.
Madagascar ranks 74th and Mexico ranks 71st of 196 countries.
Across the 6 decades both report, Madagascar averaged higher in 1 and Mexico in 5.
Head to head by decade
| Decade | Madagascar | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.0% | 0.1% | 0.1% | Mexico |
| 1980s | 0.1% | 0.9% | 0.8% | Mexico |
| 1990s | 0.3% | 1.1% | 0.8% | Mexico |
| 2000s | 1.4% | 2.1% | 0.7% | Mexico |
| 2010s | 3.0% | 2.3% | 0.7% | Madagascar |
| 2020s | 3.7% | 3.9% | 0.2% | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher remittance inflows to gdp, Madagascar or Mexico?
- Mexico, at 3.9% against 3.7% in Madagascar as of 2020.
- What is the difference in remittance inflows to gdp between Madagascar and Mexico?
- 0.2%, with Mexico ahead.
- How many years of comparable data are there for Madagascar and Mexico?
- 42 years are reported by both, from 1979 to 2020.
- How do Madagascar and Mexico rank globally for remittance inflows to gdp?
- Madagascar ranks 74th and Mexico ranks 71st 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.