Remittance inflows to GDP in United Kingdom
United Kingdom: Remittance inflows to GDP was 0.1% in 2020. ▼ Falling
Remittance inflows to GDP in United Kingdom, 1987–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in United Kingdom is 0.1%, measured in 2020.
Compared with earlier readings it is down 19.5% on the previous year and down 40.7% over ten years.
Over the whole period, remittance inflows to gdp in United Kingdom peaked at 0.3% in 1999 and was at its lowest, 0.1%, in 1998.
That places United Kingdom 170th out of 196 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2% | 0.2% | 0.2% | 3 |
| 1990s | 0.2% | 0.1% | 0.3% | 10 |
| 2000s | 0.3% | 0.2% | 0.3% | 10 |
| 2010s | 0.2% | 0.1% | 0.2% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near United Kingdom
More financial sector data for United Kingdom
- Net domestic credit (current LCU), per capita 56,096 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.05 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.27 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 349.16 million SDR (2025)
- Gold reserves at market value 31.82 billion SDR (2025)
- Reserves excluding gold, foreign exchange 90.39 billion SDR (2025)
- Reserves excluding gold 124.70 billion SDR (2025)
- Total reserves (gold at market value) 156.52 billion SDR (2025)
- Total reserves (gold at national valuation) 156.28 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,249 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in United Kingdom?
- Remittance inflows to gdp in United Kingdom was 0.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in United Kingdom?
- The highest recorded value was 0.3% in 1999.
- What is the lowest remittance inflows to gdp recorded in United Kingdom?
- The lowest recorded value was 0.1% in 1998.
- How does United Kingdom rank for remittance inflows to gdp?
- United Kingdom ranks 170th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in United Kingdom?
- Over the last ten years it is down 40.7%. The long-run trend across the full record is falling.
- Where does this United Kingdom 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.