Posts tagged remittances

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Which Developing Countries Receive the Most Remittances?

According to a new report, developing countries will receive $414 billion in remittances in 2013. Remittances to India and China will total $131 billion. Global remittances, including those to high-income countries, are estimated to reach $550 billion in 2013.


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The Incredible Rise of Migrants’ Remittances

Via: Tages Woche

Migrants send more than 500 billion dollars to their home countries. After 2000, those remittances have rapidly overtaken official development aid. Explore the trends in this interactive map.

Data from The World Bank and OECD

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How much money do migrants send home?

Remittances – money sent home by migrants to family and friends – soared to record levels last year. Officially recorded remittances reached $500bn in one year, but we estimate that the true figure, including unrecorded and informal channels, may be even higher.

The Guardian has put together an interactive map using World Bank Migration and Remittance data to show how much money is sent from one country to another. India, shown below, is the greatest recipient of remittances.

Click here for the full interactive feature: http://bit.ly/U9c4PO

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Which developing countries received the most remittances in 2012?

According to a new World Bank report, officially recorded remittance flows to developing countries are estimated to reach $406 billion in 2012, a growth of 6.5% over the previous year.

The top recipients of migrant remittances in 2012 are India ($70 billion), China ($66 billion), the Philippines ($24 billion), Mexico ($24 billion), and Nigeria ($21 billion).

These flows are expected to rise 8% in 2013 and 10% in 2014 to reach $534 billion in 2015. The size of remittance flows to developing countries is now more than three times that of official development assistance.

Source: Migration and Development Brief 19

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Global Remittance Flows

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This visualization shows the global movements of money due to remittances (money sent by migrants to their home country). Data from the World Bank can be downloaded here.