India continued to be the largest recipient of remittances in 2010, with the figure rising from $49.6 billion in 2009 to $55 billion. It was also the country with the second largest number of emigrants (those migrating abroad) after Mexico, according to the World Bank's just-released Migration and Remittances Factbook 2011.
Interestingly, even as 11.4 million people from India went abroad, 5.4 million came into the country, making India No. 10 in the list of nations attracting the most immigrants -- and No. 2 in Asia, behind only Saudi Arabia.
India and China, which received $51 billion in remittances, account for almost a quarter of the worldwide remittance flows of $440 billion in 2010, the report estimated. High-income OECD countries account for just $107 billion of the global remittance flow.
Not surprisingly, it is the developing countries that receive the bulk -- $325 billion, an increase of 6% from 2009. Middle-income countries including China, Russia, Mexico, India, Pakistan, Egypt, and Turkey receive the lion's share of over $301 billion, while low-income countries including Bangladesh, Tajikistan, Nepal, Uganda and Cambodia receive just $24 billion. Bangladesh alone accounts for over $11 billion.
The US remains the top migrant destination country in the world, with 42.8 million migrants in 2010 compared to 34.8 million in 2000, according to the World Bank report. However, just over 2.2 million Americans live outside the US, less than 1% of the country's population. Besides the US, other top destination countries are Russia, Germany and Saudi Arabia in that order.
looking for more info? visit the source page link.
No comments:
Post a Comment