Remittance Trends 2006
In nominal dollar terms Latin America and the Caribbean region remains the largest recipient of (recorded) remittances 2006. However, as a share of gross domestic product (GDP) remittances are highest in the Middle East and North Africa region. Due...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/11/9246901/remittance-trends-2006 http://hdl.handle.net/10986/11036 |
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okr-10986-110362021-04-23T14:02:53Z Remittance Trends 2006 Mohapatra, Sanket Ratha, Dilip Xu, Zhimei ACCOUNTING BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK DATA BANK GOVERNOR BILL CAPITAL FLOWS CENTRAL BANK CENTRAL BANKS COMPENSATION OF EMPLOYEES CURRENCY CURRENCY APPRECIATION DATA ON REMITTANCES DEPOSITS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT IMPACT OF REMITTANCES DIASPORA DOLLAR EXCHANGE RATE EXTERNAL FINANCING FLOWS OF REMITTANCES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS GLOBAL DEVELOPMENT FINANCE GLOBAL ECONOMIC PROSPECTS HIGH-INCOME COUNTRIES HOUSING LOANS INCOME INCOMES INCREASE IN REMITTANCES INFORMAL CHANNELS INSURANCE INTERNATIONAL MIGRANT REMITTANCES INVESTMENT FLOWS LEVEL OF COMMITMENT LOW-INCOME COUNTRIES MIDDLE EAST MIGRANT TRANSFERS MIGRANTS MONTHLY REMITTANCE NATURAL RESOURCE NORTH AFRICA OTHER CURRENCIES POLICY RESPONSE PORTFOLIO PRIVATE DEBT REMITTANCE REMITTANCE COSTS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE MARKET REMITTANCE RECEIPTS REMITTANCES REMITTANCES REMITTANCES RESERVE RESERVE BANK STOCK PRICE SUB-SAHARAN AFRICA UNCERTAINTY UNION VALUATION VALUE OF REMITTANCES WEALTH EFFECT WORLD DEVELOPMENT INDICATOR In nominal dollar terms Latin America and the Caribbean region remains the largest recipient of (recorded) remittances 2006. However, as a share of gross domestic product (GDP) remittances are highest in the Middle East and North Africa region. Due to a lack of data, remittance flows to Sub-Saharan Africa are grossly underestimated. Recorded remittance flows have grown robustly in virtually every region, although most quickly in Europe and Central Asia and in East Asia and the Pacific. The doubling of recorded remittances over the past five years is a result of: (a) increased scrutiny of flows since the terrorist attacks of September 2001; (b) reduction in remittance costs and expanding networks in the remittance industry; (c) the depreciation of the U.S. dollar (which raises the value of remittances denominated in other currencies); and (d) growth in the migrant stock and incomes. Although the United States remains the largest single source of remittances, many remittance-receiving developing countries also have a significant number of migrants in countries in the Euro area. Since remittances receipts in developing countries are typically measured in US dollars, movement in the Euro-dollar exchange rates can have a significant valuation effects on remittance, even without accounting for the wealth effect when the Euro appreciates or depreciates in real terms relative to the dollar. 2012-08-13T13:57:22Z 2012-08-13T13:57:22Z 2006-11 http://documents.worldbank.org/curated/en/2006/11/9246901/remittance-trends-2006 http://hdl.handle.net/10986/11036 English Migration and Development Brief; No. 2 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK DATA BANK GOVERNOR BILL CAPITAL FLOWS CENTRAL BANK CENTRAL BANKS COMPENSATION OF EMPLOYEES CURRENCY CURRENCY APPRECIATION DATA ON REMITTANCES DEPOSITS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT IMPACT OF REMITTANCES DIASPORA DOLLAR EXCHANGE RATE EXTERNAL FINANCING FLOWS OF REMITTANCES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS GLOBAL DEVELOPMENT FINANCE GLOBAL ECONOMIC PROSPECTS HIGH-INCOME COUNTRIES HOUSING LOANS INCOME INCOMES INCREASE IN REMITTANCES INFORMAL CHANNELS INSURANCE INTERNATIONAL MIGRANT REMITTANCES INVESTMENT FLOWS LEVEL OF COMMITMENT LOW-INCOME COUNTRIES MIDDLE EAST MIGRANT TRANSFERS MIGRANTS MONTHLY REMITTANCE NATURAL RESOURCE NORTH AFRICA OTHER CURRENCIES POLICY RESPONSE PORTFOLIO PRIVATE DEBT REMITTANCE REMITTANCE COSTS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE MARKET REMITTANCE RECEIPTS REMITTANCES REMITTANCES REMITTANCES RESERVE RESERVE BANK STOCK PRICE SUB-SAHARAN AFRICA UNCERTAINTY UNION VALUATION VALUE OF REMITTANCES WEALTH EFFECT WORLD DEVELOPMENT INDICATOR |
| spellingShingle |
ACCOUNTING BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK DATA BANK GOVERNOR BILL CAPITAL FLOWS CENTRAL BANK CENTRAL BANKS COMPENSATION OF EMPLOYEES CURRENCY CURRENCY APPRECIATION DATA ON REMITTANCES DEPOSITS DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT IMPACT OF REMITTANCES DIASPORA DOLLAR EXCHANGE RATE EXTERNAL FINANCING FLOWS OF REMITTANCES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS GLOBAL DEVELOPMENT FINANCE GLOBAL ECONOMIC PROSPECTS HIGH-INCOME COUNTRIES HOUSING LOANS INCOME INCOMES INCREASE IN REMITTANCES INFORMAL CHANNELS INSURANCE INTERNATIONAL MIGRANT REMITTANCES INVESTMENT FLOWS LEVEL OF COMMITMENT LOW-INCOME COUNTRIES MIDDLE EAST MIGRANT TRANSFERS MIGRANTS MONTHLY REMITTANCE NATURAL RESOURCE NORTH AFRICA OTHER CURRENCIES POLICY RESPONSE PORTFOLIO PRIVATE DEBT REMITTANCE REMITTANCE COSTS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE MARKET REMITTANCE RECEIPTS REMITTANCES REMITTANCES REMITTANCES RESERVE RESERVE BANK STOCK PRICE SUB-SAHARAN AFRICA UNCERTAINTY UNION VALUATION VALUE OF REMITTANCES WEALTH EFFECT WORLD DEVELOPMENT INDICATOR Mohapatra, Sanket Ratha, Dilip Xu, Zhimei Remittance Trends 2006 |
| relation |
Migration and Development Brief; No. 2 |
| description |
In nominal dollar terms Latin America
and the Caribbean region remains the largest recipient of
(recorded) remittances 2006. However, as a share of gross
domestic product (GDP) remittances are highest in the Middle
East and North Africa region. Due to a lack of data,
remittance flows to Sub-Saharan Africa are grossly
underestimated. Recorded remittance flows have grown
robustly in virtually every region, although most quickly in
Europe and Central Asia and in East Asia and the Pacific.
The doubling of recorded remittances over the past five
years is a result of: (a) increased scrutiny of flows since
the terrorist attacks of September 2001; (b) reduction in
remittance costs and expanding networks in the remittance
industry; (c) the depreciation of the U.S. dollar (which
raises the value of remittances denominated in other
currencies); and (d) growth in the migrant stock and
incomes. Although the United States remains the largest
single source of remittances, many remittance-receiving
developing countries also have a significant number of
migrants in countries in the Euro area. Since remittances
receipts in developing countries are typically measured in
US dollars, movement in the Euro-dollar exchange rates can
have a significant valuation effects on remittance, even
without accounting for the wealth effect when the Euro
appreciates or depreciates in real terms relative to the dollar. |
| format |
Publications & Research :: Brief |
| author |
Mohapatra, Sanket Ratha, Dilip Xu, Zhimei |
| author_facet |
Mohapatra, Sanket Ratha, Dilip Xu, Zhimei |
| author_sort |
Mohapatra, Sanket |
| title |
Remittance Trends 2006 |
| title_short |
Remittance Trends 2006 |
| title_full |
Remittance Trends 2006 |
| title_fullStr |
Remittance Trends 2006 |
| title_full_unstemmed |
Remittance Trends 2006 |
| title_sort |
remittance trends 2006 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/11/9246901/remittance-trends-2006 http://hdl.handle.net/10986/11036 |
| _version_ |
1764415289260244992 |