Last Updated: 02/21/2024 s, received (% of GDP) [BX.TRF.PWKR.DT.GD.ZS] Code License Type NY.GDP.MKTP.KD.ZCC BY-4.0 NY.GDP.MKTP.CD CC BY-4.0 BX.KLT.DINV.WD.GDCC BY-4.0 BX.TRF.PWKR.DT.GDCC BY-4.0 Indicator Name GDP growth (annual %) GDP (current US$) Foreign direct investment, net inflows (% of GDP) Personal remittances, received (% of GDP) Long definition Annual percentage growth rate of GDP at market prices based on GDP at purchaser's prices is the sum of gross value added by all Foreign direct investment are the net inflows of investment to Personal remittances comprise personal transfers and compensat Source World Bank national accounts data, and OECD National Accounts World Bank national accounts data, and OECD National Accounts International Monetary Fund, International Financial Statistic World Bank staff estimates based on IMF balance of payments Topic Economic Policy & Debt: National accounts: Growth rates Economic Policy & Debt: National accounts: US$ at current pric Economic Policy & Debt: Balance of payments: Capital & financi Economic Policy & Debt: Balance of payments: Current account: Periodicity Annual Annual Annual Annual Aggregation method Weighted average Gap-filled total Weighted average Weighted average Statistical concept and methodology Growth rates of GDP and its components are calculated using the least squares method and constant price data in the local cu Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross ou The internationally accepted definition of FDI (from the sixth edition of the IMF's Balance of Payments Manual [2009]), include Development relevance An economy's growth is measured by the change in the volume of of value added by all its producers. Value added is the value of the gross out Private financial flows - equity and debt - account for the bulk Limitations and exceptions To obtain comparable series of constant price data for computing aggregates, the World Bank rescales GDP and value added b Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or Data on equity flows are shown for all countries for which data are available. General comments for computing aggregates, the World Bank rescales GDP and value added by industrial origin to a common reference year. Because rescali al accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of a Note: Data starting from 2005 are based on the sixth edition Note: Data starting from 2005 are based on the sixth edition License URL https://datacatalog.worldbank.org/public-licenses#cc-by https://datacatalog.worldbank.org/public-licenses#cc-by https://datacatalog.worldbank.org/public-licenses#cc-by https://datacatalog.worldbank.org/public-licenses#cc-by