Remittance inflows to GDP in Slovak Republic
Slovak Republic: Remittance inflows to GDP was 2.3% in 2020. ◆ Volatile
Remittance inflows to GDP in Slovak Republic, 1993–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Slovak Republic recorded 2.3% for remittance inflows to gdp in 2020.
Compared with earlier readings it is down 3.1% on the previous year and up 33.7% over ten years.
Over the whole period, remittance inflows to gdp in Slovak Republic peaked at 2.4% in 2019 and was at its lowest, 0.1%, in 2000.
Slovak Republic ranks 99th of 197 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
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2% | 0.1% | 0.5% | 7 |
| 2000s | 1.2% | 0.1% | 2.0% | 10 |
| 2010s | 2.2% | 1.8% | 2.4% | 10 |
| 2020s | 2.3% | 2.3% | 2.3% | 1 |
Countries ranked near Slovak Republic
More financial sector data for Slovak Republic
- Net domestic credit (current LCU), per capita 20,005 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.7696 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 1.05 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 35.66 million SDR (2025)
- Gold reserves at market value 3.25 billion SDR (2025)
- Reserves excluding gold, foreign exchange 8.44 billion SDR (2025)
- Reserves excluding gold 10.01 billion SDR (2025)
- Total reserves (gold at market value) 13.26 billion SDR (2025)
- Total reserves (gold at national valuation) 13.22 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,442 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in Slovak Republic?
- Remittance inflows to gdp in Slovak Republic was 2.3% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Slovak Republic?
- The highest recorded value was 2.4% in 2019.
- What is the lowest remittance inflows to gdp recorded in Slovak Republic?
- The lowest recorded value was 0.1% in 2000.
- How does Slovak Republic rank for remittance inflows to gdp?
- Slovak Republic ranks 99th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Slovak Republic?
- Over the last ten years it is up 33.7%. The long-run trend across the full record is volatile.
- Where does this Slovak Republic 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 — 28 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.