Resources
See latest resources ยป
Go slow for remittance flows

Go slow for remittance flows

Source: World Bank

After several years of strong growth, remittance flows to developing countries began to slow down in the third quarter of 2008. This slowdown is expected to deepen further in 2009 in response to the global financial crisis, suggests the World Bank.

In nominal dollar terms, officially recorded remittance flows to developing countries are estimated to reach $283 billion in 2008, up 6.7% from $265 billion in 2007; but in real terms, remittances are expected to fall from two percent of GDP in 2007 to 1.8% in 2008. In 2009, remittances are expected to fall by 0.9%.

Remittance flows from the GCC countries are likely to fall more than those from the US and Europe, suggests the World Bank, affecting recipient countries in the Middle East and North Africa and South Asia.

Download the document now 490.7 kb (PDF File)

Comments: (0)

Research resources
See all Research resources »
Payments Modernisation: Interoperability fuels the transformation of Cross-Border Payments
/research

Payments Modernisation: Interoperability fuels the transformation of Cross-Border Payments

Register for our latest webinar with Bottomline on Thursday 3 December 2020 at as industry experts discuss the Payments Modernisation: Interoperability fuels the transformation of Cross-Border Payments

On-Demand Webinar - The Art and Science of Customer Relationships
/research

On-Demand Webinar - The Art and Science of Customer Relationships

Accurately quantifying customer experience can seem an immensely nebulous task. While the benefits of improving this are evident, there is no clear method of measuring it.

Central Bank Digital Currency and Monetary Policy
/research

Central Bank Digital Currency and Monetary Policy

A Bank of Canada investigation into the benefits and costs of issuing a central bank digital currency for monetary policy.