Home Statistics 5. Remittances (final page)


Statistics

Remittances

The money that migrants send home is very important not only to their families but also to their country's balance of payments.

For many countries remittances represent a significant proportion of their Gross Domestic Product (GDP).

Table 4. —Top ten remittance-receiving countries, 2006

 

In total

As % of GDP

 

 

$ billions

 

% of GDP

1,

India

25.7

Moldova

38%

2.

Mexico

24.7

Tonga

31%

3.

China

22.5

Guyana

22%

4.

Philippines

14.9

Haiti

21%

5.

Bangladesh

5.5

Lebanon

21%

6.

Pakistan

5.4

Tajikistan

20%

7.

Morocco

5.0

Honduras

20%

8.

Egypt

5.0

Jordan

20%

9.

Lebanon

4.9

Bosnia & H.

19%

10.

Vietnam

4.7

Armenia

19%

Source: World Bank (2006). Global Economic Prospects, 2006. Washington, World Bank

These and other data pages are available in Excel form by clicking the link below:
International migration data

Remittance service in Hong Kong

Jewellery shop in Hong Kong that also offers remitance services.
Photo: Gary Arndt