WIIW The Vienna Institute for International Economic Studies - Wiener Institut für Internationale Wirtschaftsvergleiche

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International payments flows to and from Austria are captured by balance of payments primary and secondary income statistics. Three charts show the top ten most important countries according to the 2018 ranking for compensations of employees, secondary income, as well as its sub-position – workers’ remittances payments. The donut chart shows the most important partners for compensation of employees transfers to and from Austria, with CESEE economies highlighted in orange. The line charts show the evolution of secondary incomes flows by CESEE country groups. The bar chart allows for cross-country comparisons of workers’ remittances transfers to and from Austria for the top ten countries based on their 2018 rank.

Compensations of employees – international transfers

Definition: This item covers gross wages and salaries of border and seasonal workers before taxes, including all social security contributions (source: OeNB).

Evolution of secondary income – international transfers

Definition: This item covers current transfers which correspond to the provision of goods and services when there is no corresponding return of economic value. It includes taxes on income and wealth, social contributions, insurance benefits and migrants' transfers (source: OeNB).

Workers’ remittances – international transfers

Definition: This item covers current transfers by migrants, i.e. persons who come to an economy and stay for more than a year, are employed in the new economy and are considered residents there (source: OeNB).

Abbreviations: Country Groups