Migration and Development Brief, No. 20
Officially recorded remittance flows to developing countries reached an estimated $401 billion in 2012, growing by 5.3 percent compared with 2011. Remittance flows are expected to grow at an average of 8.8 percent annual rate during 2013-2015 to ab...
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| Format: | Brief |
| Language: | English en_US |
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2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/04/17759157/developing-countries-received-401-billion-remittances-during-2012 http://hdl.handle.net/10986/17020 |
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okr-10986-170202021-04-23T14:03:33Z Migration and Development Brief, No. 20 Aga, Gemechu Ayana Eigen-Zucchi, Christian Plaza, Sonia Silwal, Ani Rudra ACCOUNTING AUTOMATIC TELLER AVERAGE REMITTANCE BACKED SECURITIES BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BONDS CENTRAL BANKS CITIZENSHIP COMMERCIAL BANKS COMPENSATION OF EMPLOYEES COUNTRIES OF ORIGIN CREDITWORTHINESS CURRENT POPULATION DATA ON REMITTANCES DEPOSITS DEVELOPING COUNTRIES DIASPORA DISCLOSURE REQUIREMENTS DISCRIMINATION ECONOMIC CONDITIONS ECONOMIC GROWTH EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL SERVICES GLOBAL DEVELOPMENT HOUSING ILLEGAL MIGRANTS IMMIGRANT IMMIGRANT POPULATION IMMIGRATION IMMIGRATION REFORM IMMIGRATION SYSTEM IMPACT OF MIGRATION IMPORTANT POLICY INCOME INCREASE IN REMITTANCES INFORMAL CHANNELS INFORMATION TECHNOLOGY INTEREST RATES INTERNAL MIGRANTS INTERNATIONAL BANKS INTERNATIONAL MIGRANTS INTERNATIONAL REMITTANCE JOB OPPORTUNITIES LABOR MARKET LAWS LEVEL OF DEBT LOW-INCOME COUNTRIES MARKET COMPETITION MIGRANT MIGRANT FAMILIES MIGRANT REMITTANCES MIGRANT WORKERS MIGRANTS MIGRATION MILLENNIUM DEVELOPMENT GOALS MONEY HOME MONEY TRANSFER MONEY TRANSFER COMPANIES MONEY TRANSFER OPERATORS NATIONAL BORDERS NATIONAL LEVEL NATIVE WORKERS OFFICIAL DEVELOPMENT ASSISTANCE OIL PRICES PAYMENT SYSTEMS POLICY DIALOGUE POPULATION DYNAMICS PORTFOLIO POST OFFICES PRIVATE DEBT PROGRESS RECIPIENT COUNTRIES RECIPIENT COUNTRY REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE SENDING REMITTANCE SENDING COUNTRIES REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE TRANSFER REMITTANCE TRANSFERS REMITTANCES REMITTANCES FROM MIGRANTS REMITTANCES REMITTANCES RESOURCE FLOWS RESPECT RETURN SEND REMITTANCES SERVICE PROVIDERS SKILLED MIGRANTS SPILLOVER STOCKS TEMPORARY WORK TRANSFER COSTS TRANSPARENCY UNDOCUMENTED MIGRANTS UNEMPLOYMENT USE OF REMITTANCES WORK PERMITS WORKFORCE Officially recorded remittance flows to developing countries reached an estimated $401 billion in 2012, growing by 5.3 percent compared with 2011. Remittance flows are expected to grow at an average of 8.8 percent annual rate during 2013-2015 to about $515 billion in 2015. Employment conditions in the United States (U.S.), including for migrants are improving, as also reflected in the quota for H-1B visas being rapidly filled for fiscal year 2014. Political momentum behind immigration reform in the US is growing. Average remittance prices were broadly unchanged at just above 9 percent over the last year, while the weighted average dropped in the first quarter of 2013 to an all-time low of 6.9 percent. While this suggests progress in reducing prices in high volume remittance corridors, prices continue to remain high in smaller corridors, affecting countries that have greater dependence on remittances. Migration and remittances are being featured in ongoing discussions on the millennium development goals and the post-2015 agenda. 2014-02-12T16:58:35Z 2014-02-12T16:58:35Z 2013-04-19 http://documents.worldbank.org/curated/en/2013/04/17759157/developing-countries-received-401-billion-remittances-during-2012 http://hdl.handle.net/10986/17020 English en_US Migration and development brief;no. 20 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ 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 en_US |
| topic |
ACCOUNTING AUTOMATIC TELLER AVERAGE REMITTANCE BACKED SECURITIES BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BONDS CENTRAL BANKS CITIZENSHIP COMMERCIAL BANKS COMPENSATION OF EMPLOYEES COUNTRIES OF ORIGIN CREDITWORTHINESS CURRENT POPULATION DATA ON REMITTANCES DEPOSITS DEVELOPING COUNTRIES DIASPORA DISCLOSURE REQUIREMENTS DISCRIMINATION ECONOMIC CONDITIONS ECONOMIC GROWTH EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL SERVICES GLOBAL DEVELOPMENT HOUSING ILLEGAL MIGRANTS IMMIGRANT IMMIGRANT POPULATION IMMIGRATION IMMIGRATION REFORM IMMIGRATION SYSTEM IMPACT OF MIGRATION IMPORTANT POLICY INCOME INCREASE IN REMITTANCES INFORMAL CHANNELS INFORMATION TECHNOLOGY INTEREST RATES INTERNAL MIGRANTS INTERNATIONAL BANKS INTERNATIONAL MIGRANTS INTERNATIONAL REMITTANCE JOB OPPORTUNITIES LABOR MARKET LAWS LEVEL OF DEBT LOW-INCOME COUNTRIES MARKET COMPETITION MIGRANT MIGRANT FAMILIES MIGRANT REMITTANCES MIGRANT WORKERS MIGRANTS MIGRATION MILLENNIUM DEVELOPMENT GOALS MONEY HOME MONEY TRANSFER MONEY TRANSFER COMPANIES MONEY TRANSFER OPERATORS NATIONAL BORDERS NATIONAL LEVEL NATIVE WORKERS OFFICIAL DEVELOPMENT ASSISTANCE OIL PRICES PAYMENT SYSTEMS POLICY DIALOGUE POPULATION DYNAMICS PORTFOLIO POST OFFICES PRIVATE DEBT PROGRESS RECIPIENT COUNTRIES RECIPIENT COUNTRY REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE SENDING REMITTANCE SENDING COUNTRIES REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE TRANSFER REMITTANCE TRANSFERS REMITTANCES REMITTANCES FROM MIGRANTS REMITTANCES REMITTANCES RESOURCE FLOWS RESPECT RETURN SEND REMITTANCES SERVICE PROVIDERS SKILLED MIGRANTS SPILLOVER STOCKS TEMPORARY WORK TRANSFER COSTS TRANSPARENCY UNDOCUMENTED MIGRANTS UNEMPLOYMENT USE OF REMITTANCES WORK PERMITS WORKFORCE |
| spellingShingle |
ACCOUNTING AUTOMATIC TELLER AVERAGE REMITTANCE BACKED SECURITIES BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANK ACCOUNTS BONDS CENTRAL BANKS CITIZENSHIP COMMERCIAL BANKS COMPENSATION OF EMPLOYEES COUNTRIES OF ORIGIN CREDITWORTHINESS CURRENT POPULATION DATA ON REMITTANCES DEPOSITS DEVELOPING COUNTRIES DIASPORA DISCLOSURE REQUIREMENTS DISCRIMINATION ECONOMIC CONDITIONS ECONOMIC GROWTH EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL SERVICES GLOBAL DEVELOPMENT HOUSING ILLEGAL MIGRANTS IMMIGRANT IMMIGRANT POPULATION IMMIGRATION IMMIGRATION REFORM IMMIGRATION SYSTEM IMPACT OF MIGRATION IMPORTANT POLICY INCOME INCREASE IN REMITTANCES INFORMAL CHANNELS INFORMATION TECHNOLOGY INTEREST RATES INTERNAL MIGRANTS INTERNATIONAL BANKS INTERNATIONAL MIGRANTS INTERNATIONAL REMITTANCE JOB OPPORTUNITIES LABOR MARKET LAWS LEVEL OF DEBT LOW-INCOME COUNTRIES MARKET COMPETITION MIGRANT MIGRANT FAMILIES MIGRANT REMITTANCES MIGRANT WORKERS MIGRANTS MIGRATION MILLENNIUM DEVELOPMENT GOALS MONEY HOME MONEY TRANSFER MONEY TRANSFER COMPANIES MONEY TRANSFER OPERATORS NATIONAL BORDERS NATIONAL LEVEL NATIVE WORKERS OFFICIAL DEVELOPMENT ASSISTANCE OIL PRICES PAYMENT SYSTEMS POLICY DIALOGUE POPULATION DYNAMICS PORTFOLIO POST OFFICES PRIVATE DEBT PROGRESS RECIPIENT COUNTRIES RECIPIENT COUNTRY REMITTANCE REMITTANCE CORRIDORS REMITTANCE COSTS REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE SENDING REMITTANCE SENDING COUNTRIES REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE TRANSFER REMITTANCE TRANSFERS REMITTANCES REMITTANCES FROM MIGRANTS REMITTANCES REMITTANCES RESOURCE FLOWS RESPECT RETURN SEND REMITTANCES SERVICE PROVIDERS SKILLED MIGRANTS SPILLOVER STOCKS TEMPORARY WORK TRANSFER COSTS TRANSPARENCY UNDOCUMENTED MIGRANTS UNEMPLOYMENT USE OF REMITTANCES WORK PERMITS WORKFORCE Aga, Gemechu Ayana Eigen-Zucchi, Christian Plaza, Sonia Silwal, Ani Rudra Migration and Development Brief, No. 20 |
| relation |
Migration and development brief;no. 20 |
| description |
Officially recorded remittance flows to
developing countries reached an estimated $401 billion in
2012, growing by 5.3 percent compared with 2011. Remittance
flows are expected to grow at an average of 8.8 percent
annual rate during 2013-2015 to about $515 billion in 2015.
Employment conditions in the United States (U.S.), including
for migrants are improving, as also reflected in the quota
for H-1B visas being rapidly filled for fiscal year 2014.
Political momentum behind immigration reform in the US is
growing. Average remittance prices were broadly unchanged at
just above 9 percent over the last year, while the weighted
average dropped in the first quarter of 2013 to an all-time
low of 6.9 percent. While this suggests progress in reducing
prices in high volume remittance corridors, prices continue
to remain high in smaller corridors, affecting countries
that have greater dependence on remittances. Migration and
remittances are being featured in ongoing discussions on the
millennium development goals and the post-2015 agenda. |
| format |
Publications & Research :: Brief |
| author |
Aga, Gemechu Ayana Eigen-Zucchi, Christian Plaza, Sonia Silwal, Ani Rudra |
| author_facet |
Aga, Gemechu Ayana Eigen-Zucchi, Christian Plaza, Sonia Silwal, Ani Rudra |
| author_sort |
Aga, Gemechu Ayana |
| title |
Migration and Development Brief, No. 20 |
| title_short |
Migration and Development Brief, No. 20 |
| title_full |
Migration and Development Brief, No. 20 |
| title_fullStr |
Migration and Development Brief, No. 20 |
| title_full_unstemmed |
Migration and Development Brief, No. 20 |
| title_sort |
migration and development brief, no. 20 |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/04/17759157/developing-countries-received-401-billion-remittances-during-2012 http://hdl.handle.net/10986/17020 |
| _version_ |
1764435441862311936 |