We've got 6 shorthands for remittances »
Acronyms that contain the term remittances
What does remittances mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: remittances.
Filter by:
Sort by:PopularityAlphabeticallyCategory
What does remittances mean?
- remittances
- A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries.According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.Due to its large diaspora and overseas expats population, India consecutively remains the top receiver of remittance, e.g. with US$80 billion in 2018, US$65.3 billion (2.7% of India's GDP) in 2017, US$62.7 billion in 2016 and US$70 billion in 2014. Other top recipients in 2020 were US$67 billion to China, US$34 billion each to Philippines and Mexico and US$26 billion to Egypt.
Know what is remittances? Got another good explanation for remittances? Don't keep it to yourself!
Still can't find the acronym definition you were looking for? Use our Power Search technology to look for more unique definitions from across the web!
Citation
Use the citation options below to add these abbreviations to your bibliography.
Style:MLAChicagoAPA
"remittances." Abbreviations.com. STANDS4 LLC, 2024. Web. 23 Sep. 2024. <https://www.abbreviations.com/remittances>.
Discuss these remittances abbreviations with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In