This financial indicator captures the
flow of resources between economies that involve
transfers without direct compensation, highlighting the economic interactions occurring outside of traditional trade. It encompasses various forms of assistance, like remittances from expatriates or social benefits provided by governments, reflecting individual and collective financial support. The metric plays a crucial role in understanding the
economic health and resilience of nations, particularly those reliant on external financial inflows. Data are denominated in current U.S. dollars, offering a consistent benchmark for tracking these non-reciprocal financial exchanges over time, thereby providing valuable insights into the interconnectedness of global economies and the impact of these transfers on local markets and welfare.
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