Eastern Europe Compared by Economy > Balance of payments > Current account > Transfers > Workers' remittances and compensation of employees > Receiv
DEFINITION:
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. Data are in current U.S. dollars.".
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Interesting observations about Economy > Balance of payments > Current account > Transfers > Workers' remittances and compensation of employees > Receiv
- European Union ranked first for balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv globally in 2009.
- 75 of the bottom 145 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are Christian.
- 15 of the bottom 139 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are Former Spanish colonies'.
- 13 of the bottom 59 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are Latin American and Caribbean.
- 19 of the bottom 116 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are Cold countries'.
- 9 of the bottom 59 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are Densely populated.
- 5 of the bottom 25 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are Former British Colonies'.
- 9 of the bottom 68 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are East Asian and Pacific.
- 11 of the bottom 166 countries by balance of payments > current account > transfers > workers' remittances and compensation of employees > receiv are Non-religious.