This indicator captures the
flow of financial support between households across national borders, reflecting the economic ties and social bonds that extend beyond geographic boundaries. It encompasses all forms of current transfers, whether cash or in-kind, sent or received by residents from non-residents. Such transactions play a crucial role in providing financial assistance, sustaining livelihoods, and improving the welfare of families, particularly in developing economies where
remittances can significantly impact local economies. Reporting is denominated in current U.S. dollars, allowing for consistent analysis and comparison over time. Understanding this indicator is essential for assessing the broader impact of migration and global economic integration on household income and consumption patterns.
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