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5 Comments
Source: [https://howmuch.net/articles/money-transfer-flows-around-the-world](https://howmuch.net/articles/money-transfer-flows-around-the-world)
Every year, migrant workers living in other countries send money back to their home countries. The flow of money earned in one country and sent to another is known as remittances. Remittances account for one of the main forms of international money transfers, in addition to foreign direct investment and development aid.
* Developed countries like the U.S., Canada, Japan, and the U.K. tend to have more outflows than inflows of remittances.
* Developing countries like India, Egypt, and Brazil have more inflows than outflows of remittances.
* Remittance flows follow regional patterns. For example, eastern Europe and central America have more inflows, while the Middle East and northern Europe have more outflows.
* Unlike foreign direct investment or development aid, most remittances are sent to individuals rather than the state. Remittances are often used for basic necessities like food and housing.
Do France, China and Sweden tend to have more inflows than outflows of remittances, while Argentina, Russia, Turkey and Chile have more outflows? This is an interesting topic we’ve ever heard
No sending cash willy-nilly!
inverted colonization 😎
Gray countries can be assumed to be green by default.