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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 in Honduras are primarily used for basic living expenses at the household level. Within the country, remittances are the third largest source of income for households. Remittances also play a secondary role of bringing a level investment back into small capital starved communities. [14]
Remittances is included in the JEL ... This list may not reflect ... Remittances to India; International mobile remittance; L. List of countries by remittances ...
Remittances from migrants are part of the balance of current transfers. ... On the same list the bottom ten countries by current account balance in 2014 were 185 ...
Whereas total of US$7.01 billion (2020) was made in remittances to other countries from India. The following tables list the top ten source countries for remittances to India and the top ten destination countries for remittances from India in 2017. [3] Somewhat different figures have been estimated by the Reserve Bank of India. [23]
List of countries by remittances received; List of countries by social welfare spending; List of countries by stock market capitalization; List of countries by share of income of the richest one percent; List of countries by share of population with access to financial services; List of countries by wealth per adult; List of countries without a ...
In 2013, 23% of all remittances globally were sent from the GCC region. The total official value was estimated to be approximately US$90 billion. [8] In 2016, Saudi Arabia was second on the list of remittance sending countries and other GCC member states were also among the top countries concerning outflows of remittances.