Officially recorded remittance flows to developing countries are expected to increase by 6.3 percent to reach $414 billion in 2013
Officially recorded remittances to developing countries are estimated at $ 401 billion in 2012, and remain a key resource flow far exceeding official development assistance as well as private debt and portfolio equity.
Officially recorded remittances to developing countries are expected to reach $406 billion in 2012, up by 6.5 % from $3
Officially recorded remittance flows to developing countries are estimated to have eached $372 billion in 2011, an increase of 12.1
Officially recorded remittance flows to developing countries are estimated to have reached $ 351 billion in 2011, an 8 percent increase over $325 billion in 2010. This rate of increase is higher than our earlier forecast of 7.3 percent growth (see Migration and Development Brief 16 released on May 23, 2011).
Officially recorded remittances sent to developing countries reached $325 billion, registering a quick recovery to the level in 2008 (table 1 and figure 1).
Historically post offices have played a role in the provision of remittances and basic financial services to low – income populations. As this function is being revived in an increasing number of developing and emerging countries, remittance services can be improved to better match financial inclusion goals.
Preliminary estimates, based on data on bilateral migrant stocks for 2010 and assumptions about migrant incomes, suggest that annual diaspora savings of developing countries could be in the range of $400 billion.
Newly available data show that officially recorded remittance flows to developing countries fell to $307 billion in 2009, registering a 5.5 percent decline (table 1). 2 The decline in remittances during the global financial crisis was modest compared to a 40 percent decline in foreign direct investment (FDI) between 2008 and 2009 and a 80 percent decline in private debt and portfolio equity flows from their peak in 2007.
The latest annual, quarterly and monthly data reported by central banks show that officially recorded remittance flows to developing countries reached $316 billion in 2009, down 6 percent from a revised $336 billion in 2008.