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 171st out of 197 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.
Remittance inflows to GDP (%) in United Kingdom, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 0.2% | — |
| 1988 | 0.2% | -2.7% |
| 1989 | 0.2% | +1.7% |
| 1990 | 0.2% | +5.6% |
| 1991 | 0.2% | -4.8% |
| 1992 | 0.2% | -5.7% |
| 1993 | 0.2% | -3.4% |
| 1994 | 0.2% | +3.6% |
| 1995 | 0.1% | -39.8% |
| 1996 | 0.1% | -3.8% |
| 1997 | 0.1% | +5.7% |
| 1998 | 0.1% | -20.4% |
| 1999 | 0.3% | +283.8% |
| 2000 | 0.3% | -5.5% |
| 2001 | 0.3% | -1.3% |
| 2002 | 0.3% | -2.7% |
| 2003 | 0.3% | -5.8% |
| 2004 | 0.2% | -11.3% |
| 2005 | 0.2% | -3.1% |
| 2006 | 0.2% | -5.4% |
| 2007 | 0.2% | -6.1% |
| 2008 | 0.2% | -3.4% |
| 2009 | 0.2% | +6.0% |
| 2010 | 0.2% | -8.0% |
| 2011 | 0.2% | -4.1% |
| 2012 | 0.2% | -4.6% |
| 2013 | 0.2% | -5.8% |
| 2014 | 0.2% | -6.7% |
| 2015 | 0.2% | +5.9% |
| 2016 | 0.2% | -0.6% |
| 2017 | 0.2% | -5.2% |
| 2018 | 0.2% | -5.2% |
| 2019 | 0.1% | -3.2% |
| 2020 | 0.1% | -19.5% |
United Kingdom compared with similar countries
- United Kingdom's 0.1% is below the median for high income countries, which is 0.8%, 15% of the median. (67 countries reporting)
- United Kingdom's 0.1% is below the median for Europe & Central Asia, which is 1.5%, 8% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP (%) in United Kingdom changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +283.8% | 0.1% | 0.3% |
| 1995 | -39.8% | 0.2% | 0.1% |
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
- Reserve position in the IMF, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 104.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.29 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 76.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 104.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.29 % change on previous year (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 171st out of 197 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.
Download this data
CSV · JSON — 34 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.