Remittances to developing countries to reach $406 billion in 2012

|

This page in:

We have issued the latest Migration and Development Brief, which includes the latest estimates for remittances in 2012 and projections up to 2015.

As our estimates for 2012 show, international migrants are weathering the effects of the ongoing global economic crisis and are on track to remit $406 billion in savings to their families in developing countries this year.

We expect remittances to developing countries to continue growing over the near term by an estimated 7.9 percent in 2013, 10.1 percent in 2014 and 10.7 percent in 2015 to reach $534 billion in 2015.

Worldwide remittances, including those to high-income countries, are expected to total $534 billion in 2012, and projected to grow to $685 billion in 2015.

Authors

Dilip Ratha

Manager, Migration and Remittances Unit and Head, KNOMAD, Global Indicators Group, World Bank

Join the Conversation