Current transfers between households

4.129 Definition:

Current transfer between households consist of all current transfers in cash or in kind made, or received, by resident households to, or from, other resident or non-resident households. In particular, these comprise remittances by emigrants or workers permanently settled abroad (or working abroad for a period of a year or longer) to members of their family living in their country of origin, or by parents to children in another location.

4.130 Time of recording: The time the transfers occur.

4.131 In the system of accounts, current transfers between households are recorded:

1. among uses and resources in the secondary distribution of income account of households;
2. among uses and resources in the external account of primary incomes and current transfers.