Methodological sheet of the indicator available for the Autonomous Community of the Basque Country.
| Available indicator |
Volume of remittances sent abroad, and in proportion to GDP |
|---|---|
| Target |
17.3 Mobilize additional financial resources for developing countries from multiple sources |
| Goal |
17- Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development |
| Definition |
Volume of remittances sent abroad, and in proportion to GDP |
| Theoretical formula |
\[PPIBVR^{t} = \frac{VR^{t}}{PIB^{t}} \cdot 100\]
where: $VR^{t} =$ volume of remittances sent abroad in year $t$ $PIB^{t} =$ gross domestic product at current prices in year $t$ If we denote: $VR_{Spain,c}^{t} =$ volume of remittances sent from Spain to country $c$ in year $t$ $P_{16-64,Spain,c}^{t} =$ foreign population between 16 and 64 years of age from the country $c$ residing in Spain as of 1 January of year $t$ $P_{16-64,p}^{t} =$ foreign population between 16 and 64 years of age of the country $c$ resident in the autonomous community as of January 1 of year $t$ Then: \[VR^{t} = \displaystyle \sum_{p \epsilon Countries} VR_{Spain,c}^{t} = \frac{\frac{P_{16-64,c}^{t}+P_{16-64,c}^{t+1}}{2}}{\frac{P_{16-64,Spain,c}^{t}+P_{16-64,Spain,c}^{t+1}}{2}}\]Countries are: Colombia, Morocco, Ecuador, the Dominican Republic, Honduras, Bolivia, Senegal, Paraguay, Pakistan, Romania, and other countries. Countries belonging to the European Union are not included in “other countries”. |
| Frequency |
Annual |
| OCECA |
Indicator calculated using a methodology harmonised across the central statistical bodies of the autonomous communities |
| Data last updated | 2025/05/08 |
| Metadata last updated | 2025/06/18 |
