16 Aug 2011

Global remittances, money sent by migrants back to their home country, play a key part in the economies of many countries. Estimates suggest anywhere from $250 to $300 billion is sent home in remittances every year and in many developing countries they are one of the largest sources of financial aid. Given the stability that remittances offer, they are increasingly being studied as a regional development tool.

Some of the largest providers of remittances are the United States, Canada and Germany. A great interactive visualisation of remittances is provided here, have a look!