lecture note 10

2 this is not surprising since asia is the most

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Unformatted text preview: ce receiving countries are also the most populous, with India and China receiving over USD 14 billion, Mexico over USD 11 billion, the Philippines and Korea over USD 7.5 billion, and Pakistan over USD 5 billion (Table III.2). Table III.2. Top 30 developing countries with the highest total remittances received, 2002 Millions of US dollars Total remittances (USD millions) Total remittances (USD millions) Total remittances (USD millions) India 14 842 Turkey 2 990 Indonesia 1 682 China 14 383 Egypt 2 946 Ukraine 1 670 Mexico 11 464 Brazil 2 863 Romania 1 646 Philippines 7 660 Chinese Taipei 2 547 Ecuador 1 470 Korea 7 586 Dominican Republic 2 497 Croatia 1 400 Pakistan 5 413 Colombia 2 403 Thailand 1 380 Poland 3 824 Jordan 2 227 Czech Republic 1 343 1 333 Israel 3 783 Guatemala 2 081 Jamaica Morocco 3 294 El Salvador 2 071 Rep. of Yemen 1 300 Bangladesh 3 121 Russia 1 817 Sri Lanka 1 296 Note: “Total remittances” refer to the sum of the “compensation of employees”, “worker’s remittances” and “other current transfers in other sectors”. Source: IMF, Balance of Payments Statistics Yearbook, 2003. Statlink: http://dx.doi.org/10.1786/326418524774 INTERNATIONAL MIGRATION OUTLOOK: SOPEMI 2006 EDITION – ISBN 92-64-03627-X – © OECD 2006 143 III. INTERNATIONAL MIGRANT REMITTANCES AND THEIR ROLE IN DEVELOPMENT Chart III.1. Migrants’ remittances and other capital flows to developing countries, 1988-2002 Billions of US dollars Portofolio investment flows Migrant remittances FDI Official development assistance Billions of USD 300 250 200 150 100 50 0 1988 1990 1992 1994 1996 1998 2000 2002 Note: “Remittances” refer to the sum of the “compensation of employees”, “worker’s remittances” and “other current transfers in other sectors”; “Official flows” include general government transfers both current and capital. Source: IMF, Balance of Payments Statistics Yearbook, various issues. Statlink: http://dx.doi.org/10.1786/532553067068 to 216% of exports from the West Bank and Gaza, 90% of exports from Cap Verde, over 75% of exports from Albania and Uganda, and over 50% of exports from Bosnia and Herzegovina, Sudan and Jordan. Remittances were also equivalent to more then 40% of the GDP in Tonga, more then 35% of the GDP in the West Bank and Gaza, more then 25% of the GDP in Lesotho, and more then 20% of the GDP in Cap Verde, Jordan and Moldova (Table III.1). Table III.1. Top 30 developing countries with the highest remittances received as a percentage of GDP, 2002 Remittances as % of GDP Remittances as % of GDP Remittances as % of GDP Tonga 41.9 Albania 15.6 Uganda 9.2 West Bank and Gaza 36.7 FYROM 15.2 Guatemala 8.9 Lesotho 25.8 Nicaragua 14.6 Pakistan 8.9 Jordan 24.0 El Salvador 14.5 Morocco 8.8 Cape Verde 23.3 Republic of Yemen 12.5 Georgia 8.3 Moldova 22.8 Dominican Republic 11.7 Sri Lanka 7.9 Vanuatu 18.4 Ghana 11.3 Latvia 7.5 Bosnia and Herzegovina 18.4 Armenia 11.2 Sudan 7.2 Ethiopia 6.8 Bangladesh 6.6 Guyana 18.2 Honduras 11.1 Jamaica 16...
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This document was uploaded on 03/09/2014 for the course ASTRO 3730 at Colorado.

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