Personal remittances received

Calculation

Personal remittances received/country population

Definition

The World Bank defines personal remittances as "personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities." Data are in current US dollars.

Relevance

Remittances (income from members of the household not currently living in the household) can increase a household's access to purchased food and increase food security. Source: Throw et al. 2016.