Migrants and Remittances
Introduction and background: Remittances are personal monetary transfers, cross border or within the same country, made by migrants to individuals or communities with whom the migrant has links. 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 (money) flows, especially with regard to labour-exporting countries.
Which countries were among the Top 5 countries to send remittances in 2020?
Which of the top 20 sending countries had remittances decline between 2019 and 2020?
What are the Top 5 sending countries of remittances by share of GDP?