Infographic: Remittances – When migrants send money home
- 2017-01-30
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Last year, migrant sent around 585 billion US-Dollars to their home countries worldwide, to support their families or friends who live there. Many people – especially in developing countries – depend on these payments. In Nepal and Liberia, these money transfers (or “remittances”) account for more than 30 percent of the current Gross Domestic Product (GDP).
From and to where does this money flow? What is it mainly used for in the recipient countries? And how fair are the incurred fees? These and many other questions are answered in our infographics “Remittances – When migrants send money home”.
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