Remittance inflows to GDP in Kyrgyzstan
Kyrgyzstan: Remittance inflows to GDP was 31.1% in 2020. ◆ Volatile
Remittance inflows to GDP in Kyrgyzstan, 1993–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Kyrgyzstan recorded 31.1% for remittance inflows to gdp in 2020.
Compared with earlier readings it is up 14.6% on the previous year and up 17.9% over ten years.
Over the whole period, remittance inflows to gdp in Kyrgyzstan peaked at 32.5% in 2018 and was at its lowest, 0.1%, in 1994.
Kyrgyzstan ranks 2nd of 197 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Kyrgyzstan, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.1% | — |
| 1994 | 0.1% | -32.3% |
| 1995 | 0.1% | +25.5% |
| 1996 | 0.1% | +78.4% |
| 1997 | 0.2% | +16.1% |
| 1998 | 0.1% | -13.2% |
| 1999 | 0.1% | -31.9% |
| 2000 | 0.2% | +78.9% |
| 2001 | 0.3% | +81.5% |
| 2002 | 1.9% | +534.6% |
| 2003 | 3.7% | +94.2% |
| 2004 | 8.1% | +120.9% |
| 2005 | 12.7% | +57.3% |
| 2006 | 16.7% | +31.1% |
| 2007 | 18.5% | +10.9% |
| 2008 | 23.8% | +28.5% |
| 2009 | 20.9% | -12.0% |
| 2010 | 26.4% | +26.1% |
| 2011 | 27.6% | +4.4% |
| 2012 | 30.8% | +11.6% |
| 2013 | 31.1% | +1.0% |
| 2014 | 30.0% | -3.3% |
| 2015 | 25.3% | -15.9% |
| 2016 | 29.3% | +15.8% |
| 2017 | 32.3% | +10.2% |
| 2018 | 32.5% | +0.7% |
| 2019 | 27.2% | -16.4% |
| 2020 | 31.1% | +14.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1% | 0.1% | 0.2% | 7 |
| 2000s | 10.7% | 0.2% | 23.8% | 10 |
| 2010s | 29.2% | 25.3% | 32.5% | 10 |
| 2020s | 31.1% | 31.1% | 31.1% | 1 |
Countries ranked near Kyrgyzstan
More financial sector data for Kyrgyzstan
- Net domestic credit (current LCU), per capita 46,354 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 18.43 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 44.88 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 42.91 million SDR (2024)
- Gold reserves at market value 2.45 billion SDR (2024)
- Reserves excluding gold, foreign exchange 1.29 billion SDR (2024)
- Reserves excluding gold 1.45 billion SDR (2024)
- Total reserves (gold at market value) 3.90 billion SDR (2024)
- Total reserves (gold at national valuation) 3.90 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 540.3 SDR per person (2024)
Frequently asked questions
- What is remittance inflows to gdp in Kyrgyzstan?
- Remittance inflows to gdp in Kyrgyzstan was 31.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Kyrgyzstan?
- The highest recorded value was 32.5% in 2018.
- What is the lowest remittance inflows to gdp recorded in Kyrgyzstan?
- The lowest recorded value was 0.1% in 1994.
- How does Kyrgyzstan rank for remittance inflows to gdp?
- Kyrgyzstan ranks 2nd out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Kyrgyzstan?
- Over the last ten years it is up 17.9%. The long-run trend across the full record is volatile.
- Where does this Kyrgyzstan 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
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.