- A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland.
- Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.
- Workers' remittances are a significant part of international capital flows, especially with regard to labour-exporting countries.
|
TOP 5 Nations in Remittances in 2020 |
|
|
Country |
Inflows |
|
India |
$83 bn |
|
China |
$59.5 bn |
|
Mexico |
$42.8 bn |
|
The
Philippines |
$34.9 bn |
|
Egypt |
$29.6 bn |
No comments:
Post a Comment