Remittances

Money that migrants send home, as a share of the receiving country's GDP.

Personal remittances are the money that people working abroad send home to their families, plus the earnings of workers employed in another country for less than a year. For some countries they are a bigger source of income than exports or aid. The figures come from the balance of payments that the IMF compiles, with World Bank estimates where countries report none, and the World Bank republishes them. Money sent through informal channels is not counted.

• Economy
• Migration
• Remittances
• Balance of payments
• Country
• Year