Feb
01

Reliable Remittances

 In 2016, people living abroad sent $574 billion back home. These remittances are more than three times that of official development aid and are more stable. Nepal received $6.6 billion in remittances, 31.3% of its GDP. Kyrgyzstan follows with $2 billion, or 30.4% of GDP, and neighboring Tajikistan is next with $1.9 billion or 29.6% of GDP. India received the most remittances, $62.7 billion, but just 2.8% of its GDP.

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