Saturday, 15 February 2020

The Ins and Outs of Remittance Flows

The global immigrant population is growing at a healthy pace. Their collective strength is one to be reckoned with. In 2019, migrants collectively sent $550.5 billion in money back to their home countries—money transfer flows that are more popularly known as remittances.

Remittances serve as an economic lifeline around the world, particularly for low- and middle-income countries (LMICs). The visualization linked to this post relies on the latest data from the World Bank to create a snapshot of these global remittance flows.

Where do most of these remittances come from, and which countries are the biggest recipients?

Check out the details HERE.
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