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5302.0.55.003 - Information Paper : Estimation of Workers' Remittances based on Balance of Payments and International Investment Position Manual, Sixth Edition, September 2009  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 14/08/2009   
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This information paper describes the treatment of workers' remittances i.e. cash or in-kind transferred by resident households in one economy to households of other economies. A new methodology has been developed to estimate workers' remittances outflows (debits) i.e. transfers out of Australia. The new data series will commence from September quarter 1989 and will be included under Personal transfers in the Secondary Income Account of the Balance of Payments. The new series will be first released with the September quarter 2009 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0). The paper also explains that workers' remittances inflows (credits) i.e. transfers into Australia will not be available due to a lack of suitable data sources on which to base an estimate.


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