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Remittances Profile

:
Formal Remittances Inflows
55,000 50,000 45,000 (Millions of US dollars) 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 $2,384

India

$53,131

$12,883

2010e

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Source:

Remittances data, Development Prospects Group, World Bank, 2011

Remittances Inflows as a Share of Selected Financial Flows and GDP, 2009
Remittances flows constitute an important source of foreign exchange for developing economies. Comparing remittances to other financial inflows displays the extent to which remittances contribute to a country's inflow of foreign exchange.

Gross Domestic Product

4%

Foreign Direct Investment Official Development Assistance (Net) Merchandise Exports Commercial Services Exports 0%

143%

2067%

30%

57% 500% 1000% 1500% 2000% 2500% 3000%

Sources:

International Trade Statistics, World Trade Organization, 2010 World Development Indicators, World Bank, 2011 Remittances data, Development Prospects Group, World Bank, 2011

and Ani Silwal. 2010 Migration and Remittances Factbook.34% 66. Ratha.400 8.20 Remittances Resources Agunias. b2010 Sources: CIA World Factbook.357. tertiary educatedb 4.97 Italy $8. Migration Policy Institute. Human Development Report. Leveraging Remittances for Development. Washington. Dilip.8 47. c2005-2010 Sources: International Migrant Stock.07 $1. The two least costly corridors are selected among those included in the World Bank study.000 a Notes: 2010.3% Net migration per yearc -600.000 live births)a GDP per capita (purchasing power parity)b GDP real growth rateb Human Development Index Levelb Human Development Index Rank (out of 169)b a Notes: 2011 estimates. Dovelyn Rannveig.migrationpolicy. 2006. Further readings on For definitions. Sanket Mohapatra.906 1. 2010 Remittances and Migration by Continent Remittances Inflows to India by Continent of Origin 2% 27% Percent of Indian Migrants by Continent of Destination 1% 15% 2% Africa Asia 10% 58% 72% Europe Latin America & Caribbean North America Oceania 13% Notes: Source: Values are not displayed if they are less than 1 percent.57 $3.436. Ratha.org/datahub data@migrationpolicy. Migration Policy Institute. Impacts.952 Total emigrantsa 11. Refers to the first quarter of 2011. June 2007.189. and Policy Options. 2011 International Migration Total populationa Annual population growtha Life expectancy at birtha Infant mortality rate (per 1.172. 2011 Copyright 2011 Migration Policy Institute www. Migration and Remittances Factbook 2011.9% Medium 119 Human Development Report. DC: The World Bank.Total immigrantsa 5. World Bank. 2011 Selected Socioeconomic Indicators 1. b2000.012 Total refugeesa 159. 2009 Remittances Costs to India from USA Average cost of sending US$200 Company with lowest cost Lowest cost Notes: $6. 2009 World Population Prospects. 2010. see Migration and Development our Remittances Glossary Source: Remittances Prices. SBI Expres Moneybookers Corridor averages are unweighted and include money transfer operators. Remittances and Development: Trends. banks and others.500 Skilled emigration rate.org .90 $1. Dilip.