Remittance inflows to GDP (%)

This economic indicator reflects the significance of financial supportfinancial support sent home by migrant workers relative to the overall economic output of their country of origin. It encompasses three key components: the remittances of those living abroad for over a year, the compensation for shorter-term migrant workers, and the net worth transfer at the time of migration. By capturing these diverse financial flows, the indicator provides insight into how dependent an economy is on the income generated by its citizens overseas. High percentages may indicate a strong reliance on remittances for household consumption, poverty alleviation, and investment in social services, thereby highlighting the substantial role of diasporas in shaping national economic resilience and growth. Source: