Private unrequited transfers

Private unrequited transfers

Resident immigrant workers' remittances to their country of origin as well as, e.g., gifts, dowries, inheritances, prizes, charitable contributions.

Private Unrequited Transfer

A remittance that an immigrant makes to his family or friends in the home country. For example, if a Jordanian immigrates to the United States, he may choose to make private unrequited transfer to his mother back home to help her financially. In some countries, private unrequited transfers from abroad form a significant part of the economy.
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b) 29 771 22 606 35 187 43 028 Trade balance -14 160 -4 216 -13 212 -10 582 Other goods and services (net) 3 959 3 755 6 377 3 698 Private unrequited transfers (net) 3 035 2 709 3 425 3 892 Official unrequited transfers (net) 733 383 1 071 555 Invisibles balance 7 727 6 847 10 873 8 145 Current balance -6 433 2 631 -2 339 -2 437 Current balance (as a percentage of GDP) -3.
4 per cent decline in the net inflow of private unrequited transfers.

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