{"id":1121374,"date":"2023-01-27T20:10:11","date_gmt":"2023-01-28T01:10:11","guid":{"rendered":"https:\/\/bugaluu.com\/news\/visualizing-remittance-flows-gdp-impact-by-country\/1121374\/"},"modified":"2023-01-27T20:10:11","modified_gmt":"2023-01-28T01:10:11","slug":"visualizing-remittance-flows-gdp-impact-by-country","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-remittance-flows-gdp-impact-by-country\/1121374\/","title":{"rendered":"Visualizing Remittance Flows & GDP Impact By Country"},"content":{"rendered":"
\"\"<\/a><\/div>\n

Visualizing Remittance Flows & GDP Impact By Country<\/span><\/p>\n

\n

The COVID-19 pandemic slowed down the flow of\u00a0global immigration<\/a>\u00a0by 27%. <\/strong><\/p>\n

And, as Visual Capitalist’s Richie Lionell details below,<\/a> alongside it, travel restrictions, job losses, and mounting health concerns meant that many migrant workers couldn\u2019t send money in the form of remittances back to families in their home countries.<\/p>\n

This flow of remittances received by countries dropped by 1.5% to $711 billion globally in 2020. But over the next two years, things quickly turned back around.<\/strong><\/p>\n

As visa approvals restarted and international borders opened, so did\u00a0international migration<\/a>\u00a0and global remittance flows.<\/p>\n

In 2021, total global remittances were estimated at $781 billion and have further risen to\u00a0$794 billion\u00a0in 2022.<\/strong><\/p>\n

In these images,\u00a0Richie Lionell<\/strong>\u00a0uses the\u00a0World Bank\u2019s KNOMAD<\/a>\u00a0data to visualize this increasing flow of money across international borders in 176 countries.<\/p>\n

Why Do Remittances Matter?<\/h2>\n

Remittances contribute to the economy of nations worldwide, especially\u00a0low and middle-income countries<\/a>\u00a0(LMICs).\u00a0<\/p>\n

They have been shown to help alleviate poverty,\u00a0improve nutrition<\/a>, and even increase school enrollment rates in these nations. Research has also found that these inflows of income can help recipient households become resilient, especially in the face of disasters.<\/p>\n

At the same time, it\u2019s worth noting that these transfers aren\u2019t a silver bullet for recipient nations. In fact, some research shows that overreliance on remittances can cause a\u00a0vicious cycle<\/a>\u00a0that doesn\u2019t translate to consistent economic growth over time.<\/p>\n

Countries Receiving the Highest Remittances<\/h2>\n

For the past 15 years,\u00a0India<\/strong>\u00a0has consistently topped the chart of the largest remittance beneficiaries.<\/p>\n<\/p>\n

With an estimated\u00a0$100 billion<\/strong>\u00a0in remittances received, India is said to have reached an all-time high in 2022.<\/p>\n

This increasing flow of remittances can be partially attributed to migrant Indians switching to high-skilled jobs in\u00a0high-income countries<\/a>\u2014including the U.S., the UK, and Singapore\u2014from low-skilled and low-paying jobs in Gulf countries.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/th>\nRemittance Inflows by Country<\/th>\n2022 (USD)<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nIndia<\/td>\n\n

$100,000M<\/p>\n<\/td>\n<\/tr>\n

2<\/td>\nMexico<\/td>\n$60,300M<\/td>\n<\/tr>\n
3<\/td>\nChina<\/td>\n$51,000M<\/td>\n<\/tr>\n
4<\/td>\nPhilippines<\/td>\n$38,000M<\/td>\n<\/tr>\n
5<\/td>\nEgypt, Arab Rep.<\/td>\n$32,337M<\/td>\n<\/tr>\n
6<\/td>\nPakistan<\/td>\n$29,000M<\/td>\n<\/tr>\n
7<\/td>\nFrance<\/td>\n$28,520M<\/td>\n<\/tr>\n
8<\/td>\nBangladesh<\/td>\n$21,000M<\/td>\n<\/tr>\n
9<\/td>\nNigeria<\/td>\n$20,945M<\/td>\n<\/tr>\n
10<\/td>\nVietnam<\/td>\n$19,000M<\/td>\n<\/tr>\n
11<\/td>\nUkraine<\/td>\n$18,421M<\/td>\n<\/tr>\n
12<\/td>\nGuatemala<\/td>\n$18,112M<\/td>\n<\/tr>\n
13<\/td>\nGermany<\/td>\n$18,000M<\/td>\n<\/tr>\n
14<\/td>\nBelgium<\/td>\n$13,500M<\/td>\n<\/tr>\n
15<\/td>\nUzbekistan<\/td>\n$13,500M<\/td>\n<\/tr>\n
16<\/td>\nMorocco<\/td>\n$11,401M<\/td>\n<\/tr>\n
17<\/td>\nRomania<\/td>\n$11,064M<\/td>\n<\/tr>\n
18<\/td>\nDominican Republic<\/td>\n$9,920M<\/td>\n<\/tr>\n
19<\/td>\nIndonesia<\/td>\n$9,700M<\/td>\n<\/tr>\n
20<\/td>\nThailand<\/td>\n$9,500M<\/td>\n<\/tr>\n
21<\/td>\nColombia<\/td>\n$9,133M<\/td>\n<\/tr>\n
22<\/td>\nItaly<\/td>\n$9,000M<\/td>\n<\/tr>\n
23<\/td>\nNepal<\/td>\n$8,500M<\/td>\n<\/tr>\n
24<\/td>\nSpain<\/td>\n$8,500M<\/td>\n<\/tr>\n
25<\/td>\nHonduras<\/td>\n$8,284M<\/td>\n<\/tr>\n
26<\/td>\nPoland<\/td>\n$8,000M<\/td>\n<\/tr>\n
27<\/td>\nKorea, Rep.<\/td>\n$7,877M<\/td>\n<\/tr>\n
28<\/td>\nEl Salvador<\/td>\n$7,620M<\/td>\n<\/tr>\n
29<\/td>\nLebanon<\/td>\n$6,841M<\/td>\n<\/tr>\n
30<\/td>\nIsrael<\/td>\n$6,143M<\/td>\n<\/tr>\n
31<\/td>\nUnited States<\/td>\n$6,097M<\/td>\n<\/tr>\n
32<\/td>\nRussian Federation<\/td>\n$6,000M<\/td>\n<\/tr>\n
33<\/td>\nSerbia<\/td>\n$5,400M<\/td>\n<\/tr>\n
34<\/td>\nBrazil<\/td>\n$5,045M<\/td>\n<\/tr>\n
35<\/td>\nJapan<\/td>\n$5,000M<\/td>\n<\/tr>\n
36<\/td>\nPortugal<\/td>\n$4,694M<\/td>\n<\/tr>\n
37<\/td>\nGhana<\/td>\n$4,664M<\/td>\n<\/tr>\n
38<\/td>\nJordan<\/td>\n$4,646M<\/td>\n<\/tr>\n
39<\/td>\nCzech Republic<\/td>\n$4,539M<\/td>\n<\/tr>\n
40<\/td>\nHaiti<\/td>\n$4,532M<\/td>\n<\/tr>\n
41<\/td>\nEcuador<\/td>\n$4,468M<\/td>\n<\/tr>\n
42<\/td>\nGeorgia<\/td>\n$4,100M<\/td>\n<\/tr>\n
43<\/td>\nKenya<\/td>\n$4,091M<\/td>\n<\/tr>\n
44<\/td>\nCroatia<\/td>\n$3,701M<\/td>\n<\/tr>\n
45<\/td>\nPeru<\/td>\n$3,699M<\/td>\n<\/tr>\n
46<\/td>\nSri Lanka<\/td>\n$3,600M<\/td>\n<\/tr>\n
47<\/td>\nWest Bank and Gaza<\/td>\n$3,495M<\/td>\n<\/tr>\n
48<\/td>\nJamaica<\/td>\n$3,419M<\/td>\n<\/tr>\n
49<\/td>\nArmenia<\/td>\n$3,350M<\/td>\n<\/tr>\n
50<\/td>\nTajikistan<\/td>\n$3,200M<\/td>\n<\/tr>\n
51<\/td>\nNicaragua<\/td>\n$3,126M<\/td>\n<\/tr>\n
52<\/td>\nKyrgyz Republic<\/td>\n$3,050M<\/td>\n<\/tr>\n
53<\/td>\nSenegal<\/td>\n$2,711M<\/td>\n<\/tr>\n
54<\/td>\nAustria<\/td>\n$2,700M<\/td>\n<\/tr>\n
55<\/td>\nSwitzerland<\/td>\n$2,631M<\/td>\n<\/tr>\n
56<\/td>\nSweden<\/td>\n$2,565M<\/td>\n<\/tr>\n
57<\/td>\nUnited Kingdom<\/td>\n$2,501M<\/td>\n<\/tr>\n
58<\/td>\nHungary<\/td>\n$2,404M<\/td>\n<\/tr>\n
59<\/td>\nBosnia and Herzegovina<\/td>\n$2,400M<\/td>\n<\/tr>\n
60<\/td>\nSlovak Republic<\/td>\n$2,300M<\/td>\n<\/tr>\n
61<\/td>\nMoldova<\/td>\n$2,170M<\/td>\n<\/tr>\n
62<\/td>\nAzerbaijan<\/td>\n$2,150M<\/td>\n<\/tr>\n
63<\/td>\nTunisia<\/td>\n$2,085M<\/td>\n<\/tr>\n
64<\/td>\nZimbabwe<\/td>\n$2,047M<\/td>\n<\/tr>\n
65<\/td>\nLuxembourg<\/td>\n$2,000M<\/td>\n<\/tr>\n
66<\/td>\nNetherlands<\/td>\n$2,000M<\/td>\n<\/tr>\n
67<\/td>\nMyanmar<\/td>\n$1,900M<\/td>\n<\/tr>\n
68<\/td>\nAlgeria<\/td>\n$1,829M<\/td>\n<\/tr>\n
69<\/td>\nAlbania<\/td>\n$1,800M<\/td>\n<\/tr>\n
70<\/td>\nSomalia<\/td>\n$1735M<\/td>\n<\/tr>\n
71<\/td>\nCongo, Dem. Rep.<\/td>\n$1,664M<\/td>\n<\/tr>\n
72<\/td>\nMalaysia<\/td>\n$1,620M<\/td>\n<\/tr>\n
73<\/td>\nKosovo<\/td>\n$1,600M<\/td>\n<\/tr>\n
74<\/td>\nDenmark<\/td>\n$1,517M<\/td>\n<\/tr>\n
75<\/td>\nLatvia<\/td>\n$1,500M<\/td>\n<\/tr>\n
76<\/td>\nBolivia<\/td>\n$1,403M<\/td>\n<\/tr>\n
77<\/td>\nBelarus<\/td>\n$1,350M<\/td>\n<\/tr>\n
78<\/td>\nCambodia<\/td>\n$1,250M<\/td>\n<\/tr>\n
79<\/td>\nBermuda<\/td>\n$1,200M<\/td>\n<\/tr>\n
80<\/td>\nSouth Sudan<\/td>\n$1,187M<\/td>\n<\/tr>\n
81<\/td>\nUganda<\/td>\n$1,131M<\/td>\n<\/tr>\n
82<\/td>\nMali<\/td>\n$1,094M<\/td>\n<\/tr>\n
83<\/td>\nSouth Africa<\/td>\n$1,019M<\/td>\n<\/tr>\n
84<\/td>\nSudan<\/td>\n$1,013M<\/td>\n<\/tr>\n
85<\/td>\nArgentina<\/td>\n$966M<\/td>\n<\/tr>\n
86<\/td>\nMontenegro<\/td>\n$920M<\/td>\n<\/tr>\n
87<\/td>\nFinland<\/td>\n$880M<\/td>\n<\/tr>\n
88<\/td>\nBulgaria<\/td>\n$850M<\/td>\n<\/tr>\n
89<\/td>\nSlovenia<\/td>\n$800M<\/td>\n<\/tr>\n
90<\/td>\nAustralia<\/td>\n$737M<\/td>\n<\/tr>\n
91<\/td>\nMadagascar<\/td>\n$718M<\/td>\n<\/tr>\n
92<\/td>\nTurkey<\/td>\n$710M<\/td>\n<\/tr>\n
93<\/td>\nCanada<\/td>\n$700M<\/td>\n<\/tr>\n
94<\/td>\nLithuania<\/td>\n$700M<\/td>\n<\/tr>\n
95<\/td>\nTogo<\/td>\n$668M<\/td>\n<\/tr>\n
96<\/td>\nGreece<\/td>\n$665M<\/td>\n<\/tr>\n
97<\/td>\nCosta Rica<\/td>\n$654M<\/td>\n<\/tr>\n
98<\/td>\nEstonia<\/td>\n$626M<\/td>\n<\/tr>\n
99<\/td>\nQatar<\/td>\n$624M<\/td>\n<\/tr>\n
100<\/td>\nIraq<\/td>\n$624M<\/td>\n<\/tr>\n
101<\/td>\nGambia, The<\/td>\n$615M<\/td>\n<\/tr>\n
102<\/td>\nTanzania<\/td>\n$609M<\/td>\n<\/tr>\n
103<\/td>\nNorway<\/td>\n$600M<\/td>\n<\/tr>\n
104<\/td>\nPanama<\/td>\n$596M<\/td>\n<\/tr>\n
105<\/td>\nBurkina Faso<\/td>\n$589M<\/td>\n<\/tr>\n
106<\/td>\nHong Kong SAR, China<\/td>\n$571M<\/td>\n<\/tr>\n
107<\/td>\nParaguay<\/td>\n$554M<\/td>\n<\/tr>\n
108<\/td>\nMozambique<\/td>\n$545M<\/td>\n<\/tr>\n
109<\/td>\nNiger<\/td>\n$534M<\/td>\n<\/tr>\n
110<\/td>\nCyprus<\/td>\n$527M<\/td>\n<\/tr>\n
111<\/td>\nLesotho<\/td>\n$527M<\/td>\n<\/tr>\n
112<\/td>\nMongolia<\/td>\n$500M<\/td>\n<\/tr>\n
113<\/td>\nRwanda<\/td>\n$469M<\/td>\n<\/tr>\n
114<\/td>\nFiji<\/td>\n$450M<\/td>\n<\/tr>\n
115<\/td>\nNorth Macedonia<\/td>\n$450M<\/td>\n<\/tr>\n
116<\/td>\nGuyana<\/td>\n$400M<\/td>\n<\/tr>\n
117<\/td>\nCabo Verde<\/td>\n$375M<\/td>\n<\/tr>\n
118<\/td>\nKazakhstan<\/td>\n$370M<\/td>\n<\/tr>\n
119<\/td>\nCameroon<\/td>\n$365M<\/td>\n<\/tr>\n
120<\/td>\nCote d’Ivoire<\/td>\n$360M<\/td>\n<\/tr>\n
121<\/td>\nLiberia<\/td>\n$351M<\/td>\n<\/tr>\n
122<\/td>\nAfghanistan<\/td>\n$350M<\/td>\n<\/tr>\n
123<\/td>\nEthiopia<\/td>\n$327M<\/td>\n<\/tr>\n
124<\/td>\nSamoa<\/td>\n$280M<\/td>\n<\/tr>\n
125<\/td>\nMauritius<\/td>\n$279M<\/td>\n<\/tr>\n
126<\/td>\nSaudi Arabia<\/td>\n$273M<\/td>\n<\/tr>\n
127<\/td>\nMalta<\/td>\n$271M<\/td>\n<\/tr>\n
128<\/td>\nMalawi<\/td>\n$267M<\/td>\n<\/tr>\n
129<\/td>\nZambia<\/td>\n$260M<\/td>\n<\/tr>\n
130<\/td>\nTonga<\/td>\n$250M<\/td>\n<\/tr>\n
131<\/td>\nComoros<\/td>\n$250M<\/td>\n<\/tr>\n
132<\/td>\nIreland<\/td>\n$249M<\/td>\n<\/tr>\n
133<\/td>\nSuriname<\/td>\n$221M<\/td>\n<\/tr>\n
134<\/td>\nBenin<\/td>\n$209M<\/td>\n<\/tr>\n
135<\/td>\nLao PDR<\/td>\n$200M<\/td>\n<\/tr>\n
136<\/td>\nTimor-Leste<\/td>\n$185M<\/td>\n<\/tr>\n
137<\/td>\nSierra Leone<\/td>\n$179M<\/td>\n<\/tr>\n
138<\/td>\nGuinea-Bissau<\/td>\n$178M<\/td>\n<\/tr>\n
139<\/td>\nTrinidad and Tobago<\/td>\n$172M<\/td>\n<\/tr>\n
140<\/td>\nMauritania<\/td>\n$168M<\/td>\n<\/tr>\n
141<\/td>\nIceland<\/td>\n$164M<\/td>\n<\/tr>\n
142<\/td>\nEswatini<\/td>\n$148M<\/td>\n<\/tr>\n
143<\/td>\nBelize<\/td>\n$142M<\/td>\n<\/tr>\n
144<\/td>\nCuracao<\/td>\n$131M<\/td>\n<\/tr>\n
145<\/td>\nUruguay<\/td>\n$127M<\/td>\n<\/tr>\n
146<\/td>\nChile<\/td>\n$78M<\/td>\n<\/tr>\n
147<\/td>\nVanuatu<\/td>\n$75M<\/td>\n<\/tr>\n
148<\/td>\nSt. Vincent and the Grenadines<\/td>\n$70M<\/td>\n<\/tr>\n
149<\/td>\nGrenada<\/td>\n$69M<\/td>\n<\/tr>\n
150<\/td>\nBotswana<\/td>\n$56M<\/td>\n<\/tr>\n
151<\/td>\nSt. Lucia<\/td>\n$55M<\/td>\n<\/tr>\n
152<\/td>\nBhutan<\/td>\n$55M<\/td>\n<\/tr>\n
153<\/td>\nDjibouti<\/td>\n$55M<\/td>\n<\/tr>\n
154<\/td>\nDominica<\/td>\n$52M<\/td>\n<\/tr>\n
155<\/td>\nBurundi<\/td>\n$50M<\/td>\n<\/tr>\n
156<\/td>\nAruba<\/td>\n$44M<\/td>\n<\/tr>\n
157<\/td>\nNamibia<\/td>\n$44M<\/td>\n<\/tr>\n
158<\/td>\nGuinea<\/td>\n$41M<\/td>\n<\/tr>\n
159<\/td>\nSolomon Islands<\/td>\n$40M<\/td>\n<\/tr>\n
160<\/td>\nOman<\/td>\n$39M<\/td>\n<\/tr>\n
161<\/td>\nAntigua and Barbuda<\/td>\n$35M<\/td>\n<\/tr>\n
162<\/td>\nSt. Kitts and Nevis<\/td>\n$33M<\/td>\n<\/tr>\n
163<\/td>\nMarshall Islands<\/td>\n$30M<\/td>\n<\/tr>\n
164<\/td>\nKuwait<\/td>\n$27M<\/td>\n<\/tr>\n
165<\/td>\nNew Zealand<\/td>\n$25M<\/td>\n<\/tr>\n
166<\/td>\nMacao SAR, China<\/td>\n$17M<\/td>\n<\/tr>\n
167<\/td>\nAngola<\/td>\n$16M<\/td>\n<\/tr>\n
168<\/td>\nKiribati<\/td>\n$15M<\/td>\n<\/tr>\n
169<\/td>\nCayman Islands<\/td>\n$14M<\/td>\n<\/tr>\n
170<\/td>\nSao Tome and Principe<\/td>\n$10M<\/td>\n<\/tr>\n
171<\/td>\nSeychelles<\/td>\n$9M<\/td>\n<\/tr>\n
172<\/td>\nMaldives<\/td>\n$5M<\/td>\n<\/tr>\n
173<\/td>\nGabon<\/td>\n$4M<\/td>\n<\/tr>\n
174<\/td>\nPalau<\/td>\n$2M<\/td>\n<\/tr>\n
175<\/td>\nPapua New Guinea<\/td>\n$2M<\/td>\n<\/tr>\n
176<\/td>\nTurkmenistan<\/td>\n$1M<\/td>\n<\/tr>\n<\/tbody>\n
Total<\/th>\nWorld<\/th>\n$794,059M<\/th>\n<\/tr>\n<\/tfoot>\n<\/table>\n

Mexico<\/strong>\u00a0and\u00a0China<\/strong>\u00a0round out the top three remittance-receiving nations, with estimated inbound transfers of $60 billion and $51 billion respectively in 2022.<\/p>\n

Impact on National GDP<\/h2>\n

While India tops the list of countries benefitting from remittances, its $100 billion received amounts to only 2.9% of its 2022 GDP.<\/p>\n

<\/a><\/p>\n

Meanwhile, low and middle-income countries around the world heavily rely on this source of income to boost their economies in a more substantive way. In 2022, for example, remittances accounted for over 15% of the GDP of 25 countries.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/th>\nRemittance Inflows by Country<\/th>\n% of GDP (2022)<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\nTonga<\/td>\n49.9%<\/td>\n<\/tr>\n
2<\/td>\nLebanon<\/td>\n37.8%<\/td>\n<\/tr>\n
3<\/td>\nSamoa<\/td>\n33.7%<\/td>\n<\/tr>\n
4<\/td>\nTajikistan<\/td>\n32.0%<\/td>\n<\/tr>\n
5<\/td>\nKyrgyz Republic<\/td>\n31.2%<\/td>\n<\/tr>\n
6<\/td>\nGambia, The<\/td>\n28.3%<\/td>\n<\/tr>\n
7<\/td>\nHonduras<\/td>\n27.1%<\/td>\n<\/tr>\n
8<\/td>\nSouth Sudan<\/td>\n24.8%<\/td>\n<\/tr>\n
9<\/td>\nEl Salvador<\/td>\n23.8%<\/td>\n<\/tr>\n
10<\/td>\nHaiti<\/td>\n22.4%<\/td>\n<\/tr>\n
11<\/td>\nNepal<\/td>\n21.7%<\/td>\n<\/tr>\n
12<\/td>\nJamaica<\/td>\n21.2%<\/td>\n<\/tr>\n
13<\/td>\nLesotho<\/td>\n21.0%<\/td>\n<\/tr>\n
14<\/td>\nSomalia<\/td>\n20.6%<\/td>\n<\/tr>\n
15<\/td>\nComoros<\/td>\n20.1%<\/td>\n<\/tr>\n
16<\/td>\nNicaragua<\/td>\n19.9%<\/td>\n<\/tr>\n
17<\/td>\nGuatemala<\/td>\n19.8%<\/td>\n<\/tr>\n
18<\/td>\nArmenia<\/td>\n18.9%<\/td>\n<\/tr>\n
19<\/td>\nWest Bank and Gaza<\/td>\n18.5%<\/td>\n<\/tr>\n
20<\/td>\nCabo Verde<\/td>\n18.2%<\/td>\n<\/tr>\n
21<\/td>\nKosovo<\/td>\n17.3%<\/td>\n<\/tr>\n
22<\/td>\nUzbekistan<\/td>\n17.0%<\/td>\n<\/tr>\n
23<\/td>\nGeorgia<\/td>\n16.2%<\/td>\n<\/tr>\n
24<\/td>\nMoldova<\/td>\n15.4%<\/td>\n<\/tr>\n
25<\/td>\nMontenegro<\/td>\n15.0%<\/td>\n<\/tr>\n
26<\/td>\nUkraine<\/td>\n13.8%<\/td>\n<\/tr>\n
27<\/td>\nMarshall Islands<\/td>\n11.0%<\/td>\n<\/tr>\n
28<\/td>\nGuinea-Bissau<\/td>\n10.9%<\/td>\n<\/tr>\n
29<\/td>\nBosnia and Herzegovina<\/td>\n10.1%<\/td>\n<\/tr>\n
30<\/td>\nAlbania<\/td>\n9.8%<\/td>\n<\/tr>\n
31<\/td>\nSenegal<\/td>\n9.8%<\/td>\n<\/tr>\n
32<\/td>\nJordan<\/td>\n9.6%<\/td>\n<\/tr>\n
33<\/td>\nPhilippines<\/td>\n9.4%<\/td>\n<\/tr>\n
34<\/td>\nFiji<\/td>\n9.2%<\/td>\n<\/tr>\n
35<\/td>\nLiberia<\/td>\n9.0%<\/td>\n<\/tr>\n
36<\/td>\nDominican Republic<\/td>\n8.8%<\/td>\n<\/tr>\n
37<\/td>\nDominica<\/td>\n8.6%<\/td>\n<\/tr>\n
38<\/td>\nSerbia<\/td>\n8.6%<\/td>\n<\/tr>\n
39<\/td>\nTogo<\/td>\n7.9%<\/td>\n<\/tr>\n
40<\/td>\nMorocco<\/td>\n7.9%<\/td>\n<\/tr>\n
41<\/td>\nPakistan<\/td>\n7.7%<\/td>\n<\/tr>\n
42<\/td>\nVanuatu<\/td>\n7.6%<\/td>\n<\/tr>\n
43<\/td>\nTimor-Leste<\/td>\n7.5%<\/td>\n<\/tr>\n
44<\/td>\nSuriname<\/td>\n7.3%<\/td>\n<\/tr>\n
45<\/td>\nSt. Vincent and the Grenadines<\/td>\n7.3%<\/td>\n<\/tr>\n
46<\/td>\nKiribati<\/td>\n7.2%<\/td>\n<\/tr>\n
47<\/td>\nEgypt, Arab Rep.<\/td>\n6.8%<\/td>\n<\/tr>\n
48<\/td>\nGhana<\/td>\n6.1%<\/td>\n<\/tr>\n
49<\/td>\nMali<\/td>\n5.9%<\/td>\n<\/tr>\n
50<\/td>\nGrenada<\/td>\n5.8%<\/td>\n<\/tr>\n
51<\/td>\nZimbabwe<\/td>\n5.3%<\/td>\n<\/tr>\n
52<\/td>\nCroatia<\/td>\n5.3%<\/td>\n<\/tr>\n
53<\/td>\nBelize<\/td>\n5.3%<\/td>\n<\/tr>\n
54<\/td>\nSri Lanka<\/td>\n4.8%<\/td>\n<\/tr>\n
55<\/td>\nMadagascar<\/td>\n4.7%<\/td>\n<\/tr>\n
56<\/td>\nVietnam<\/td>\n4.5%<\/td>\n<\/tr>\n
57<\/td>\nBangladesh<\/td>\n4.5%<\/td>\n<\/tr>\n
58<\/td>\nTunisia<\/td>\n4.5%<\/td>\n<\/tr>\n
59<\/td>\nCambodia<\/td>\n4.4%<\/td>\n<\/tr>\n
60<\/td>\nSierra Leone<\/td>\n4.3%<\/td>\n<\/tr>\n
61<\/td>\nMexico<\/td>\n4.2%<\/td>\n<\/tr>\n
62<\/td>\nNigeria<\/td>\n4.1%<\/td>\n<\/tr>\n
63<\/td>\nRwanda<\/td>\n3.8%<\/td>\n<\/tr>\n
64<\/td>\nEcuador<\/td>\n3.8%<\/td>\n<\/tr>\n
65<\/td>\nLatvia<\/td>\n3.6%<\/td>\n<\/tr>\n
66<\/td>\nRomania<\/td>\n3.6%<\/td>\n<\/tr>\n
67<\/td>\nNiger<\/td>\n3.6%<\/td>\n<\/tr>\n
68<\/td>\nKenya<\/td>\n3.5%<\/td>\n<\/tr>\n
69<\/td>\nBolivia<\/td>\n3.2%<\/td>\n<\/tr>\n
70<\/td>\nBurkina Faso<\/td>\n3.2%<\/td>\n<\/tr>\n
71<\/td>\nMyanmar<\/td>\n3.1%<\/td>\n<\/tr>\n
72<\/td>\nNorth Macedonia<\/td>\n3.1%<\/td>\n<\/tr>\n
73<\/td>\nMongolia<\/td>\n3.1%<\/td>\n<\/tr>\n
74<\/td>\nEswatini<\/td>\n3.1%<\/td>\n<\/tr>\n
75<\/td>\nAzerbaijan<\/td>\n3.0%<\/td>\n<\/tr>\n
76<\/td>\nMozambique<\/td>\n3.0%<\/td>\n<\/tr>\n
77<\/td>\nSt. Kitts and Nevis<\/td>\n2.9%<\/td>\n<\/tr>\n
78<\/td>\nIndia<\/td>\n2.8%<\/td>\n<\/tr>\n
79<\/td>\nSt. Lucia<\/td>\n2.7%<\/td>\n<\/tr>\n
80<\/td>\nGuyana<\/td>\n2.6%<\/td>\n<\/tr>\n
81<\/td>\nColombia<\/td>\n2.6%<\/td>\n<\/tr>\n
82<\/td>\nCongo, Dem. Rep.<\/td>\n2.6%<\/td>\n<\/tr>\n
83<\/td>\nSolomon Islands<\/td>\n2.4%<\/td>\n<\/tr>\n
84<\/td>\nLuxembourg<\/td>\n2.4%<\/td>\n<\/tr>\n
85<\/td>\nMauritius<\/td>\n2.4%<\/td>\n<\/tr>\n
86<\/td>\nSudan<\/td>\n2.3%<\/td>\n<\/tr>\n
87<\/td>\nUganda<\/td>\n2.3%<\/td>\n<\/tr>\n
88<\/td>\nMalawi<\/td>\n2.3%<\/td>\n<\/tr>\n
89<\/td>\nBelgium<\/td>\n2.2%<\/td>\n<\/tr>\n
90<\/td>\nSao Tome and Principe<\/td>\n2.0%<\/td>\n<\/tr>\n
91<\/td>\nAfghanistan<\/td>\n2.0%<\/td>\n<\/tr>\n
92<\/td>\nSlovak Republic<\/td>\n2.0%<\/td>\n<\/tr>\n
93<\/td>\nAntigua and Barbuda<\/td>\n2.0%<\/td>\n<\/tr>\n
94<\/td>\nBhutan<\/td>\n2.0%<\/td>\n<\/tr>\n
95<\/td>\nCyprus<\/td>\n1.9%<\/td>\n<\/tr>\n
96<\/td>\nPortugal<\/td>\n1.8%<\/td>\n<\/tr>\n
97<\/td>\nThailand<\/td>\n1.7%<\/td>\n<\/tr>\n
98<\/td>\nBelarus<\/td>\n1.6%<\/td>\n<\/tr>\n
99<\/td>\nMauritania<\/td>\n1.6%<\/td>\n<\/tr>\n
100<\/td>\nEstonia<\/td>\n1.6%<\/td>\n<\/tr>\n
101<\/td>\nMalta<\/td>\n1.5%<\/td>\n<\/tr>\n
102<\/td>\nPeru<\/td>\n1.5%<\/td>\n<\/tr>\n
103<\/td>\nCzech Republic<\/td>\n1.5%<\/td>\n<\/tr>\n
104<\/td>\nDjibouti<\/td>\n1.4%<\/td>\n<\/tr>\n
105<\/td>\nBurundi<\/td>\n1.3%<\/td>\n<\/tr>\n
106<\/td>\nParaguay<\/td>\n1.3%<\/td>\n<\/tr>\n
107<\/td>\nHungary<\/td>\n1.3%<\/td>\n<\/tr>\n
108<\/td>\nSlovenia<\/td>\n1.2%<\/td>\n<\/tr>\n
109<\/td>\nAruba<\/td>\n1.2%<\/td>\n<\/tr>\n
110<\/td>\nLao PDR<\/td>\n1.2%<\/td>\n<\/tr>\n
111<\/td>\nBenin<\/td>\n1.1%<\/td>\n<\/tr>\n
112<\/td>\nIsrael<\/td>\n1.1%<\/td>\n<\/tr>\n
113<\/td>\nPoland<\/td>\n1.1%<\/td>\n<\/tr>\n
114<\/td>\nLithuania<\/td>\n1.0%<\/td>\n<\/tr>\n
115<\/td>\nFrance<\/td>\n1.0%<\/td>\n<\/tr>\n
116<\/td>\nBulgaria<\/td>\n0.9%<\/td>\n<\/tr>\n
117<\/td>\nAlgeria<\/td>\n0.9%<\/td>\n<\/tr>\n
118<\/td>\nZambia<\/td>\n0.9%<\/td>\n<\/tr>\n
119<\/td>\nCosta Rica<\/td>\n0.9%<\/td>\n<\/tr>\n
120<\/td>\nPalau<\/td>\n0.8%<\/td>\n<\/tr>\n
121<\/td>\nPanama<\/td>\n0.8%<\/td>\n<\/tr>\n
122<\/td>\nCameroon<\/td>\n0.8%<\/td>\n<\/tr>\n
123<\/td>\nTanzania<\/td>\n0.7%<\/td>\n<\/tr>\n
124<\/td>\nIndonesia<\/td>\n0.7%<\/td>\n<\/tr>\n
125<\/td>\nSpain<\/td>\n0.6%<\/td>\n<\/tr>\n
126<\/td>\nIceland<\/td>\n0.5%<\/td>\n<\/tr>\n
127<\/td>\nTrinidad and Tobago<\/td>\n0.5%<\/td>\n<\/tr>\n
128<\/td>\nAustria<\/td>\n0.5%<\/td>\n<\/tr>\n
129<\/td>\nCote d’Ivoire<\/td>\n0.5%<\/td>\n<\/tr>\n
130<\/td>\nSeychelles<\/td>\n0.4%<\/td>\n<\/tr>\n
131<\/td>\nKorea, Rep.<\/td>\n0.4%<\/td>\n<\/tr>\n
132<\/td>\nItaly<\/td>\n0.4%<\/td>\n<\/tr>\n
133<\/td>\nGermany<\/td>\n0.4%<\/td>\n<\/tr>\n
134<\/td>\nSweden<\/td>\n0.4%<\/td>\n<\/tr>\n
135<\/td>\nDenmark<\/td>\n0.3%<\/td>\n<\/tr>\n
136<\/td>\nMalaysia<\/td>\n0.3%<\/td>\n<\/tr>\n
137<\/td>\nNamibia<\/td>\n0.3%<\/td>\n<\/tr>\n
138<\/td>\nSwitzerland<\/td>\n0.3%<\/td>\n<\/tr>\n
139<\/td>\nFinland<\/td>\n0.3%<\/td>\n<\/tr>\n
140<\/td>\nBotswana<\/td>\n0.3%<\/td>\n<\/tr>\n
141<\/td>\nGreece<\/td>\n0.2%<\/td>\n<\/tr>\n
142<\/td>\nEthiopia<\/td>\n0.2%<\/td>\n<\/tr>\n
143<\/td>\nQatar<\/td>\n0.2%<\/td>\n<\/tr>\n
144<\/td>\nRussian Federation<\/td>\n0.2%<\/td>\n<\/tr>\n
145<\/td>\nBrazil<\/td>\n0.2%<\/td>\n<\/tr>\n
146<\/td>\nChina<\/td>\n0.2%<\/td>\n<\/tr>\n
147<\/td>\nSouth Africa<\/td>\n0.2%<\/td>\n<\/tr>\n
148<\/td>\nIraq<\/td>\n0.2%<\/td>\n<\/tr>\n
149<\/td>\nGuinea<\/td>\n0.2%<\/td>\n<\/tr>\n
150<\/td>\nNetherlands<\/td>\n0.2%<\/td>\n<\/tr>\n
151<\/td>\nUruguay<\/td>\n0.1%<\/td>\n<\/tr>\n
152<\/td>\nKazakhstan<\/td>\n0.1%<\/td>\n<\/tr>\n
153<\/td>\nHong Kong SAR, China<\/td>\n0.1%<\/td>\n<\/tr>\n
154<\/td>\nArgentina<\/td>\n0.1%<\/td>\n<\/tr>\n
155<\/td>\nNorway<\/td>\n0.1%<\/td>\n<\/tr>\n
156<\/td>\nJapan<\/td>\n0.1%<\/td>\n<\/tr>\n
157<\/td>\nMaldives<\/td>\n0.08%<\/td>\n<\/tr>\n
158<\/td>\nTurkey<\/td>\n0.08%<\/td>\n<\/tr>\n
159<\/td>\nUnited Kingdom<\/td>\n0.07%<\/td>\n<\/tr>\n
160<\/td>\nMacao SAR, China<\/td>\n0.07%<\/td>\n<\/tr>\n
161<\/td>\nIreland<\/td>\n0.05%<\/td>\n<\/tr>\n
162<\/td>\nAustralia<\/td>\n0.04%<\/td>\n<\/tr>\n
163<\/td>\nOman<\/td>\n0.04%<\/td>\n<\/tr>\n
164<\/td>\nSaudi Arabia<\/td>\n0.03%<\/td>\n<\/tr>\n
165<\/td>\nChile<\/td>\n0.02%<\/td>\n<\/tr>\n
166<\/td>\nUnited States<\/td>\n0.02%<\/td>\n<\/tr>\n
167<\/td>\nGabon<\/td>\n0.02%<\/td>\n<\/tr>\n
168<\/td>\nKuwait<\/td>\n0.01%<\/td>\n<\/tr>\n
169<\/td>\nAngola<\/td>\n0.01%<\/td>\n<\/tr>\n
170<\/td>\nNew Zealand<\/td>\n0.01%<\/td>\n<\/tr>\n
171<\/td>\nPapua New Guinea<\/td>\n0.01%<\/td>\n<\/tr>\n
172<\/td>\nTurkmenistan<\/td>\n0.001%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Known primarily as a\u00a0tourist destination<\/a>, the Polynesian country of\u00a0Tonga<\/strong>\u00a0banks on remittance inflows to support its economy. In 2022, the country\u2019s incoming remittance flows were equal to almost 50% of its GDP.<\/p>\n

Next on this list is\u00a0Lebanon<\/strong>. The country received $6.8 billion in remittances in 2022, estimated to equal almost 38% of its GDP and making it a key support to the nation\u2019s\u00a0shrinking economy<\/a>.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 01\/27\/2023 – 23:25<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Visualizing Remittance Flows & GDP Impact By Country The COVID-19 pandemic slowed down the flow of\u00a0global immigration\u00a0by 27%. And, as Visual Capitalist’s Richie Lionell details…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1121374","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1121374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1121374"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1121374\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1121374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1121374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1121374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}