Remittance inflows to GDP in Moldova

Moldova: Remittance inflows to GDP was 15.8% in 2020. β–² Rising

Latest (2020)
15.8%
Change on year
down 0.8%
World rank
17th
of 195 countries
All-time high
34.5%
in 2006
All-time low
0.1%
in 1995
Years of data
26
1995–2020

Remittance inflows to GDP in Moldova, 1995–2020

01020301995200720201995: 0.058 %1996: 5.1 %1997: 5.9 %1998: 7.2 %1999: 9.4 %2000: 13.8 %2001: 16.4 %2002: 19.4 %2003: 24.4 %2004: 27 %2005: 30.6 %2006: 34.5 %2007: 33.9 %2008: 31.2 %2009: 24.9 %2010: 25.1 %2011: 21.5 %2012: 22.8 %2013: 23.1 %2014: 21.8 %2015: 19.9 %2016: 18.2 %2017: 16.9 %2018: 16 %2019: 16 %2020: 15.8 %

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

Analysis

Moldova recorded 15.8% for remittance inflows to gdp in 2020.

Compared with earlier readings it is down 0.8% on the previous year and down 37.0% over ten years.

Over the whole period, remittance inflows to gdp in Moldova peaked at 34.5% in 2006 and was at its lowest, 0.1%, in 1995.

Moldova ranks 17th of 195 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 5.5% 0.1% 9.4% 5
2000s 25.6% 13.8% 34.5% 10
2010s 20.1% 16.0% 25.1% 10
2020s 15.8% 15.8% 15.8% 1

Countries ranked near Moldova

  1. 14 Lesotho 20.9% compare
  2. 15 Comoros 18.6% compare
  3. 16 Palestine 16.5% compare
  4. 18 Nicaragua 14.7% compare
  5. 19 Guatemala 14.7% compare
  6. 20 Cape Verde 14.4% compare

See the full ranking of 196 places β†’

More financial sector data for Moldova

All data for Moldova β†’

Frequently asked questions

What is remittance inflows to gdp in Moldova?
Remittance inflows to gdp in Moldova was 15.8% in 2020, according to World Development Indicators (WDI), World Bank.
What is the highest remittance inflows to gdp recorded in Moldova?
The highest recorded value was 34.5% in 2006.
What is the lowest remittance inflows to gdp recorded in Moldova?
The lowest recorded value was 0.1% in 1995.
How does Moldova rank for remittance inflows to gdp?
Moldova ranks 17th out of 195 countries with data for 2020.
Is remittance inflows to gdp rising or falling in Moldova?
Over the last ten years it is down 37.0%. The long-run trend across the full record is rising.
Where does this Moldova 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.