Remittance inflows to GDP in Algeria

Algeria: Remittance inflows to GDP was 1.2% in 2020. β—† Volatile

Latest (2020)
1.2%
Change on year
up 12.7%
World rank
121st
of 195 countries
All-time high
4.7%
in 1971
All-time low
0.1%
in 2008
Years of data
51
1970–2020

Remittance inflows to GDP in Algeria, 1970–2020

012345197019952020

Source: World Development Indicators (WDI), World Bank. Measured in %.

Analysis

Algeria recorded 1.2% for remittance inflows to gdp in 2020.

That represents a change of up 12.7% on the previous year and up 861.1% over ten years.

Over the whole period, remittance inflows to gdp in Algeria peaked at 4.7% in 1971 and was at its lowest, 0.1%, in 2008.

Algeria ranks 121st of 195 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 2.4% 1.3% 4.7% 10
1980s 0.8% 0.5% 1.1% 10
1990s 2.2% 0.6% 3.3% 10
2000s 1.1% 0.1% 2.9% 10
2010s 0.7% 0.1% 1.2% 10
2020s 1.2% 1.2% 1.2% 1

Countries ranked near Algeria

  1. 118 Benin 1.3% compare
  2. 119 Laos 1.2% compare
  3. 120 Slovenia 1.2% compare
  4. 122 Poland 1.1% compare
  5. 123 France 1.0% compare
  6. 124 Indonesia 0.9% compare

See the full ranking of 196 places β†’

More financial sector data for Algeria

All data for Algeria β†’

Frequently asked questions

What is remittance inflows to gdp in Algeria?
Remittance inflows to gdp in Algeria was 1.2% in 2020, according to World Development Indicators (WDI), World Bank.
What is the highest remittance inflows to gdp recorded in Algeria?
The highest recorded value was 4.7% in 1971.
What is the lowest remittance inflows to gdp recorded in Algeria?
The lowest recorded value was 0.1% in 2008.
How does Algeria rank for remittance inflows to gdp?
Algeria ranks 121st out of 195 countries with data for 2020.
Is remittance inflows to gdp rising or falling in Algeria?
Over the last ten years it is up 861.1%. The long-run trend across the full record is volatile.
Where does this Algeria data come from?
The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Remittance inflows to GDP (%)
Unit
%
Source
World Development Indicators (WDI), World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
196 places, 6,488 data points, 1970–2020
Last refreshed

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.