Remittances refer to money sent by foreign workers to individuals in their home country. In 2013, global remittances totaled over $500 billion USD. India is the largest recipient of remittances, receiving an estimated $70.4 billion USD in 2014. Remittances make up a significant portion of many developing countries' GDPs, with some countries relying on remittances for over 30% of their GDP. Russia's economic crisis poses a threat as countries that rely heavily on remittances from Russian workers could lose over $10 billion collectively in 2015.

1. An Important
Source Of
Income

2. What Are
Remittances ?!

3. The flow of
remittances Remittance
=
a transfer of money by a
foreign worker to an
individual in his or her
home country

4. How big is the
remittance
market ?

5. 0
100
200
300
400
500
600
World Remittance (US$ billion)
Remittance Flow Between 2003-2013
2003 2004 2005 2006 2007 2008
2009 2010 2011 2012 2013

6. World
Remittance
in 2013 was
US$ Billion

7. India is the top receiving
country of remittances.

8. 10Top
2012 2013 2014e
India 68,821 69,970 70,389
China 57,987 59,491 64,140
Philippines 24,610 26,700 28,403
Mexico 23,366 23,022 24,866
France 22,053 23,336 24,760
Nigeria 20,633 20,890 20,921
Egypt, Arab Rep. 19,236 17,833 19,612
Pakistan 14,006 14,626 17,060
Germany 15,144 15,792 15,802
Bangladesh 14,236 13,857 14,969
The top remittance recipient was India, receiving an
estimated total of 70.4 billion USD. Next was China at
64.1billion, and then the Philippines at 28.4 billion.
remittances
receiving
countries

9. The impact of remittances
in developing countries
The GDP of many
developing countries is
heavily impacted
by the inflow of
remittances every year.

10. 0 20 40 60 80
Kyrgyzstan
Moldova
Nepal
Tajikistan
Tonga
Remittance
Other income
The impact of remittances
on GDP

11. Russia’s rouble crisis is posing a
major threat to other countries
According to data projections based on World Bank
figures, nine countries that rely heavily on roubles
sent home from Russia could
collectively lose more than $10bn in 2015.

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