Sending Money Home: Worldwide Remittance Flows to Developing Countries
By Manuel Orozco
International Fund for Agricultural Development, October 18, 2007
This report represents a baseline in a series of regional documents aimed at highlighting the importance of the rural remittances in developing countries and their potential to stimulate local economic activity. The following worldwide remittance map seeks to quantify the overall flow of remittances and highlight the importance they may play in the development of rural areas of the developing world. It compiles the best available information on migrant populations, the percentage of migrants sending remittances, average amounts remitted annually and the average frequency of annual transfers. Central banks and other official government sources, money transfer companies, international organizations and academic institutions were used for reference support. The map covers more than 150 developing countries* – many for the first time. Together with the accompanying analysis and data tables, it provides comparative indicators to measure the relative importance of remittances among 20 subregions of the developing world.
See also: Estimating Global Remittance Flows: A Methodology, by Manuel Orozco.