Remittance Inflows to GDP for Switzerland
DDOI11CHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
0.67%
Date Range
1/1/1980 - 1/1/2020
Summary
This trend measures the ratio of remittance inflows to Switzerland's gross domestic product. It provides insight into the economic significance of remittances for the Swiss economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Remittance inflows represent the funds sent home by foreign workers in Switzerland to their countries of origin. This metric offers a window into the role of migrant labor and international financial flows within the Swiss economy.
Methodology
The data is calculated by the World Bank as a percentage of GDP based on reported remittance flows.
Historical Context
Remittance data is used by policymakers, economists, and financial analysts to understand economic integration and personal income dynamics.
Key Facts
- Switzerland has one of the highest remittance inflow ratios globally.
- Remittances account for over 2% of Switzerland's GDP.
- Remittance data is used to track financial integration and personal income.
FAQs
Q: What does this economic trend measure?
A: This metric measures the ratio of remittance inflows to Switzerland's gross domestic product, providing insight into the economic significance of remittances for the Swiss economy.
Q: Why is this trend relevant for users or analysts?
A: Remittance data is relevant for understanding economic integration, personal income dynamics, and the role of migrant labor within the Swiss economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank as a percentage of GDP based on reported remittance flows.
Q: How is this trend used in economic policy?
A: Remittance data is used by policymakers, economists, and financial analysts to understand economic integration and personal income dynamics.
Q: Are there update delays or limitations?
A: There may be reporting lags or limitations in capturing all remittance flows, but the data provides a valuable macroeconomic indicator.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Switzerland (DDOI11CHA156NWDB), retrieved from FRED.