Remittance inflows to GDP in Peru

Peru: Remittance inflows to GDP was 1.5% in 2020. β–² Rising

Latest (2020)
1.5%
Change on year
up 0.0%
World rank
114th
of 195 countries
All-time high
2.1%
in 2007
All-time low
0.3%
in 1990
Years of data
31
1990–2020

Remittance inflows to GDP in Peru, 1990–2020

0.511.521990200520201990: 0.329 %1991: 0.431 %1992: 0.667 %1993: 0.83 %1994: 1.1 %1995: 1.1 %1996: 1.1 %1997: 1.1 %1998: 1.2 %1999: 1.3 %2000: 1.4 %2001: 1.4 %2002: 1.3 %2003: 1.5 %2004: 1.7 %2005: 1.9 %2006: 2.1 %2007: 2.1 %2008: 2 %2009: 2 %2010: 1.7 %2011: 1.6 %2012: 1.4 %2013: 1.3 %2014: 1.3 %2015: 1.4 %2016: 1.5 %2017: 1.4 %2018: 1.4 %2019: 1.5 %2020: 1.5 %

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

Analysis

The most recent figure for remittance inflows to gdp in Peru is 1.5%, measured in 2020.

Compared with earlier readings it is down 15.2% over ten years.

Over the whole period, remittance inflows to gdp in Peru peaked at 2.1% in 2007 and was at its lowest, 0.3%, in 1990.

Peru ranks 114th of 195 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 31 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.9% 0.3% 1.3% 10
2000s 1.7% 1.3% 2.1% 10
2010s 1.5% 1.3% 1.7% 10
2020s 1.5% 1.5% 1.5% 1

Countries ranked near Peru

  1. 111 Belarus 1.6% compare
  2. 112 Paraguay 1.6% compare
  3. 113 Burundi 1.6% compare
  4. 115 Aruba 1.4% compare
  5. 116 Lithuania 1.4% compare
  6. 117 Bulgaria 1.4% compare

See the full ranking of 196 places β†’

More financial sector data for Peru

All data for Peru β†’

Frequently asked questions

What is remittance inflows to gdp in Peru?
Remittance inflows to gdp in Peru was 1.5% in 2020, according to World Development Indicators (WDI), World Bank.
What is the highest remittance inflows to gdp recorded in Peru?
The highest recorded value was 2.1% in 2007.
What is the lowest remittance inflows to gdp recorded in Peru?
The lowest recorded value was 0.3% in 1990.
How does Peru rank for remittance inflows to gdp?
Peru ranks 114th out of 195 countries with data for 2020.
Is remittance inflows to gdp rising or falling in Peru?
Over the last ten years it is down 15.2%. The long-run trend across the full record is rising.
Where does this Peru 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.