ORGANISATION DE COOPÉRATION ET DE DEVELOPMENT ÉCONOMIQUES OECD OCDE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT OECD-Eurostat Expert Meeting on Trade-in services Statistics Agenda item 19b Changes to remittances measurement STATISTICS DIRECTORATE – INTERNATIONAL TRADE & STRUCTURAL ECONOMIC STATISTICS 1 1

Remittances: The Committee decided to introduce the concept of “personal transfers,” with “remittances of employees” included as a supplementary component. The Committee decided that the concept “personal remittances”, constituting the sum of “personal transfers” and “compensation of employees less related transfers and travel services”, be included in the balance of payments as a supplementary item. The Committee agreed on the concept of “institutional remittances”.