Remittance inflows to GDP in Spain
Spain: Remittance inflows to GDP was 0.2% in 2020. ◆ Volatile
Remittance inflows to GDP in Spain, 1975–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Spain is 0.2%, measured in 2020.
That represents a change of up 1.4% on the previous year and up 108.3% over ten years.
Over the whole period, remittance inflows to gdp in Spain peaked at 1.2% in 1975 and was at its lowest, 0.1%, in 2004.
That places Spain 159th out of 195 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.1% | 0.9% | 1.2% | 5 |
| 1980s | 0.7% | 0.4% | 0.9% | 10 |
| 1990s | 0.4% | 0.1% | 0.5% | 10 |
| 2000s | 0.1% | 0.1% | 0.1% | 10 |
| 2010s | 0.2% | 0.1% | 0.2% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Spain
More financial sector data for Spain
- Domestic credit to private sector by banks 72.4% (2024)
- Total reserves in months of imports 2.02 (2025)
- Net domestic credit 2.14 trillion current LCU (2024)
- Net foreign assets 162.97 billion current LCU (2024)
- Monetary Sector credit to private sector 74.2% (2024)
- Claims on central government, etc. 37.2% (2024)
- Domestic credit to private sector 74.2% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration 96,630 (2025)
- GDP deflator: linked series 120.8 base year varies by country (2025)
Frequently asked questions
- What is remittance inflows to gdp in Spain?
- Remittance inflows to gdp in Spain was 0.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Spain?
- The highest recorded value was 1.2% in 1975.
- What is the lowest remittance inflows to gdp recorded in Spain?
- The lowest recorded value was 0.1% in 2004.
- How does Spain rank for remittance inflows to gdp?
- Spain ranks 159th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Spain?
- Over the last ten years it is up 108.3%. The long-run trend across the full record is volatile.
- Where does this Spain 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.