Remittance inflows to GDP in Lithuania

Lithuania: Remittance inflows to GDP was 1.4% in 2020. ◆ Volatile

Latest (2020)
1.4%
Change on year
down 41.4%
World rank
116th
of 195 countries
All-time high
4.5%
in 2010
All-time low
0.0%
in 1995
Years of data
26
1995–2020

Remittance inflows to GDP in Lithuania, 1995–2020

0123451995200720201995: 0.014 %1996: 0.031 %1997: 0.029 %1998: 0.03 %1999: 0.027 %2000: 0.433 %2001: 0.647 %2002: 0.766 %2003: 0.611 %2004: 2.6 %2005: 2.9 %2006: 3.3 %2007: 3.6 %2008: 3.3 %2009: 3.3 %2010: 4.5 %2011: 4.5 %2012: 3.5 %2013: 4.4 %2014: 4.4 %2015: 3.3 %2016: 3 %2017: 2.7 %2018: 2.6 %2019: 2.4 %2020: 1.4 %

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

Analysis

The most recent figure for remittance inflows to gdp in Lithuania is 1.4%, measured in 2020.

Compared with earlier readings it is down 41.4% on the previous year and down 69.0% over ten years.

Over the whole period, remittance inflows to gdp in Lithuania peaked at 4.5% in 2010 and was at its lowest, 0.0%, in 1995.

Lithuania ranks 116th 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
1990s 0.0% 0.0% 0.0% 5
2000s 2.1% 0.4% 3.6% 10
2010s 3.5% 2.4% 4.5% 10
2020s 1.4% 1.4% 1.4% 1

Countries ranked near Lithuania

  1. 113 Burundi 1.6% compare
  2. 114 Peru 1.5% compare
  3. 115 Aruba 1.4% compare
  4. 117 Bulgaria 1.4% compare
  5. 118 Benin 1.3% compare
  6. 119 Laos 1.2% compare

See the full ranking of 196 places →

More financial sector data for Lithuania

All data for Lithuania →

Frequently asked questions

What is remittance inflows to gdp in Lithuania?
Remittance inflows to gdp in Lithuania was 1.4% in 2020, according to World Development Indicators (WDI), World Bank.
What is the highest remittance inflows to gdp recorded in Lithuania?
The highest recorded value was 4.5% in 2010.
What is the lowest remittance inflows to gdp recorded in Lithuania?
The lowest recorded value was 0.0% in 1995.
How does Lithuania rank for remittance inflows to gdp?
Lithuania ranks 116th out of 195 countries with data for 2020.
Is remittance inflows to gdp rising or falling in Lithuania?
Over the last ten years it is down 69.0%. The long-run trend across the full record is volatile.
Where does this Lithuania 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.

Download this data

CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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.