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Remittance data update

Remittance data update for 2011

Dilip Ratha's picture

Newly available data from several countries reveal that officially recorded remittance flows to developing countries reached $372 billion in 2011, an increase of 12.1 percent over 2010 (figure 1). Worldwide remittance flows, including those to high-income countries, reached $501 billion in 2011 and are expected to increase to $615 billion by 2014. Please see Migration and Development Brief 18 for global and regional data. Country-level time series data are posted here. This is higher than our earlier estimate of $351 billion.