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Remittances, defined as monetary transfers made by migrants to their home countries, play a crucial role in global economies and the livelihoods of individuals and families. In some countries, remittances account for more than 30% of the total economic output .
The United States accounts for the largest portion of official remittances, followed by the United Kingdom, Italy, Canada, Spain and France. On the African continent, Egypt, Equatorial Guinea, Chad, Libya, and South Africa are important source countries of remittance flows to Nigeria, while China is the biggest remittance-sending country in Asia.
Remittances to India are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India. India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015.
Remittances to Bangladesh are money transfers (remittances) sent by the Bangladeshi diaspora to Bangladesh.According to the World Bank, Bangladesh is the 7th highest recipient of remittances in the world [1] with almost $22.1 billion in 2021 and was the third highest recipient of remittances in South Asia. [2]
[citation needed] Annual remittances transferred to Bangladesh were almost $23 billion in 2023, the seventh highest in the world [33] and the third highest in South Asia. [34] The largest Bangladeshi diaspora population is in Saudi Arabia.
Here are the 10 countries with the highest real interest rates, according to the latest data from the World Bank: Ranking. Country. Real Interest Rate (2021) 1. Madagascar. 38.3%. 2. Brazil. 17%. 3.
Among these countries is the United States — with an average monthly after-tax salary of $4,555, the U.S. has the fourth-highest average salary in the world, according to an analysis conducted ...
The following list ranks countries by the share of population with access to financial services.Access to financial services is defined as the share of the adult population (population ages 15+) with an account ownership at a financial institution or with a mobile-money-service provider.