Remittances to Developing Countries Will Surpass $400 Billion in 2012

The officially recorded remittances to developing countries are expected to reach 406 billion dollar in 2012, up by 6.5 percentage from 381 billion dollar in 2011. The true size of remittance flows, including unrecorded flows through formal and inf...

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Bibliographic Details
Main Authors:	Ratha, Dilip, Aga, Gemechu Ayana, Silwal, Ani
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABUSE ATM CARDS AVERAGE REMITTANCE BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK ACCOUNT BENEFICIARIES BENEFICIARY BENEFICIARY FINANCIAL INSTITUTIONS BILATERAL FLOW BILLS BRANCHLESS BANKING CAPITAL FLOWS CENTRAL BANKS CITIZENS CLARITY COMPENSATION OF EMPLOYEES CONSUMER PROTECTION CONSUMER PROTECTIONS CURRENT POPULATION DATA ON REMITTANCES DEPOSIT DEPRECIATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DOWNWARD PRESSURE DURABLE DURABLE ASSETS ECOSYSTEM ELECTRONIC TRANSFERS ENTRY BARRIERS EURO ZONE EXCHANGE RATE EXCHANGE RATES FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SERVICES FLOW OF MIGRANTS FRAUDULENT TRANSACTIONS GROSS DOMESTIC PRODUCT GROWTH OF REMITTANCES GROWTH RATE GROWTH RATES HOME CURRENCY INCOME INFORMAL CHANNELS INTERNATIONAL MIGRATION INTERNATIONAL MONEY INTERNATIONAL MONEY TRANSFER INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCES INTERNATIONAL STANDARDS INTERNATIONAL TRANSACTIONS LABOR MARKET LABOR MARKETS LIQUID ASSETS LOCAL CURRENCY LOW-INCOME COUNTRIES MARKET COMPETITION MARKET CONDITIONS MIGRANT MIGRANT REMITTANCE MIGRANT REMITTANCES MIGRANTS MOBILE PHONE MOBILE PHONES MONETARY FUND MONETARY INSTRUMENTS MONEY HOME MONEY LAUNDERING MONEY TRANSFER MONEY TRANSFER OPERATORS MONEY TRANSFERS NATIVE WORKERS OFFICIAL DEVELOPMENT ASSISTANCE OIL PRICE OIL PRICES PAYMENT SERVICE PAYMENT SERVICES PAYMENT SYSTEM POLITICAL UNCERTAINTY PORTFOLIO PRIVATE CAPITAL PRIVATE DEBT QUOTAS RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE AMOUNT REMITTANCE CHANNELS REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE FLOW REMITTANCE FLOWS REMITTANCE INFLOWS REMITTANCE MARKET REMITTANCE OUTFLOWS REMITTANCE RECEIVING REMITTANCE RECEIVING COUNTRIES REMITTANCE SENDERS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE TRANSFER REMITTANCE TRANSFERS REMITTANCES RESOURCE FLOWS RETURN SEND MONEY SEND REMITTANCE SEND REMITTANCES SERVICE PROVIDER SKILLED MIGRANTS SLOWDOWN SMALL BUSINESSES STOCKS TAX TAX RATES TELECOMMUNICATIONS TERRORISM TRADE SECTORS TRANSACTION TRANSFER COSTS TRANSFER PROVIDER TRANSFER SERVICES TRANSPARENCY TREASURY UNDOCUMENTED MIGRANTS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES WIRE TRANSFER WIRE TRANSFERS WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2012/11/17760156/remittances-developing-countries-surpass-400-billion-dollar-2012 http://hdl.handle.net/10986/17062

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Summary:	The officially recorded remittances to developing countries are expected to reach 406 billion dollar in 2012, up by 6.5 percentage from 381 billion dollar in 2011. The true size of remittance flows, including unrecorded flows through formal and informal channels, is believed to be significantly larger. Compared to private capital flows, remittance flows have shown remarkable resilience since the global financial crisis, registering only a modest fall in 2009, followed by a rapid recovery. The size of remittance flows to developing countries is now more than three times that of official development assistance.

Remittances to Developing Countries Will Surpass $400 Billion in 2012

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