This table provides metadata for the actual indicator available from Iceland statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Icelandic statistics, this table should be consulted for information on national methodology and other Icelandic-specific metadata information.
| Indicator available |
Volume of personal remittances received as a percentage of GDP |
|---|---|
| Geographical coverage |
Iceland |
| Unit of measurement |
Percentage (%) |
| Definitions |
Personal remittances comprise 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 the sum of two items defined in the sixth edition of the IMF’s Balance of Payments Manual - personal transfers and compensation of employees. |