Trade & External
Remittances
Remittances are funds that migrant workers send back to family or others in their home country, typically through wire transfer or money-service operators. For countries with large diasporas working abroad — the Philippines, Mexico, and India among the largest recipients — remittances can rival or exceed export earnings or foreign direct investment as a source of foreign currency.
Why it matters
For remittance-dependent economies this series is often a steadier indicator than trade or investment flows.
Also known as: worker remittances, personal remittances