Remittance inflows to GDP in Russia
Russia: Remittance inflows to GDP was 0.7% in 2020. β Volatile
Remittance inflows to GDP in Russia, 1994β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Russia stood at 0.7%.
That represents a change of up 8.1% on the previous year and up 93.5% over ten years.
Over the whole period, remittance inflows to gdp in Russia peaked at 1.2% in 1994 and was at its lowest, 0.0%, in 1996.
That places Russia 136th out of 196 countries with data for 2020, putting it 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
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3% | 0.0% | 1.2% | 6 |
| 2000s | 0.3% | 0.2% | 0.4% | 10 |
| 2010s | 0.4% | 0.3% | 0.6% | 10 |
| 2020s | 0.7% | 0.7% | 0.7% | 1 |
Countries ranked near Russia
More financial sector data for Russia
- Total reserves (gold at national valuation) 466.50 billion SDR (2024)
- Net domestic credit (current LCU), annual growth rate 13.37 % change on previous year (2021)
- Net domestic credit (current LCU), per unit of GDP 44.13 current LCU per US$ of GDP (2021)
- Net domestic credit (current LCU), per capita 557,650 current LCU per person (2021)
- Gold reserves at 35 SDRs per ounce 2.62 billion SDR (2024)
- Gold reserves at market value 150.05 billion SDR (2024)
- Reserves excluding gold, foreign exchange 295.25 billion SDR (2024)
- Reserves excluding gold 316.44 billion SDR (2024)
- Total reserves (gold at market value) 466.49 billion SDR (2024)
- Domestic credit to private sector by banks 54.6% (2021)
Frequently asked questions
- What is remittance inflows to gdp in Russia?
- Remittance inflows to gdp in Russia was 0.7% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Russia?
- The highest recorded value was 1.2% in 1994.
- What is the lowest remittance inflows to gdp recorded in Russia?
- The lowest recorded value was 0.0% in 1996.
- How does Russia rank for remittance inflows to gdp?
- Russia ranks 136th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Russia?
- Over the last ten years it is up 93.5%. The long-run trend across the full record is volatile.
- Where does this Russia 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.