Remittance inflows to GDP in Micronesia (country)
Micronesia (country): Remittance inflows to GDP was 5.7% in 2020. ▼ Falling
Remittance inflows to GDP in Micronesia (country), 2009–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Micronesia (country) stood at 5.7%.
That represents a change of up 1.2% on the previous year and down 5.9% over ten years.
Over the whole period, remittance inflows to gdp in Micronesia (country) peaked at 7.4% in 2015 and was at its lowest, 5.7%, in 2019.
Micronesia (country) ranks 60th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 12 years of available data.
Remittance inflows to GDP in Micronesia (country), year by year
| Year | % | Change |
|---|---|---|
| 2009 | 6.2% | — |
| 2010 | 6.1% | -1.7% |
| 2011 | 6.2% | +2.6% |
| 2012 | 6.4% | +1.9% |
| 2013 | 7.0% | +9.3% |
| 2014 | 7.3% | +5.2% |
| 2015 | 7.4% | +0.9% |
| 2016 | 7.0% | -4.7% |
| 2017 | 6.4% | -9.4% |
| 2018 | 5.8% | -8.8% |
| 2019 | 5.7% | -2.6% |
| 2020 | 5.7% | +1.2% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 5.7% is above the median for upper middle income countries, which is 4.0%, 1.4× the median. (58 countries reporting)
- Micronesia (country)'s 5.7% is above the median for East Asia & Pacific, which is 2.3%, 2.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.2% | 6.2% | 6.2% | 1 |
| 2010s | 6.5% | 5.7% | 7.4% | 10 |
| 2020s | 5.7% | 5.7% | 5.7% | 1 |
Countries ranked near Micronesia (country)
More financial sector data for Micronesia (country)
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.62 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Micronesia (country)?
- Remittance inflows to gdp in Micronesia (country) was 5.7% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Micronesia (country)?
- The highest recorded value was 7.4% in 2015.
- What is the lowest remittance inflows to gdp recorded in Micronesia (country)?
- The lowest recorded value was 5.7% in 2019.
- How does Micronesia (country) rank for remittance inflows to gdp?
- Micronesia (country) ranks 60th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Micronesia (country)?
- Over the last ten years it is down 5.9%. The long-run trend across the full record is falling.
- Where does this Micronesia (country) 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 — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.