PREVIOUS
✖
Remittance Prices Worldwide
April 27 , 2020
1546 days
833
0
- Remittance Prices Worldwide is a resource report sponsored by the World Bank Group.
- It provides data on the cost of sending remittances from 48 remittance sending countries and 105 receiving countries.
- According to recent report global remittances are projected to decline sharply by about 20 percent in 2020 (around 110 million USD) due to the economic crisis induced by the COVID-19 pandemic and shutdown.
- In 2019, the remittance reached all-time high of 554 billion USD.
- Remittances to India are likely to drop by 23 per cent from $83 billion last year to $64 billion this year.
- India is the world’s biggest recipient of remittances.
- In 2019, India is estimated to have received $83.1 billion in remittances from people working overseas, about 12% of the total expected global inflow.
Leave a Reply
Your Comment is awaiting moderation.