This indicator encapsulates the
economic flow of funds from individual earners abroad back to their home countries, reflecting both personal transfers and employee compensation. Personal transfers, a broad category, include all
monetary gifts or support sent from residents to non-residents, highlighting the vital role of diaspora communities in bolstering household incomes. Meanwhile, employee compensation accounts for earnings of non-resident workers and resident employees engaged by foreign entities, capturing the transient labor dynamics within global markets. Together, these components provide crucial insights into the economic dependency and financial resilience of households, offering a snapshot of cultural ties and economic interconnectivity through remittances, measured in current U.S. dollars. Understanding these flows is essential for analyzing the
impact of globalization on national economies and the livelihoods of individuals.
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