Migration and Development Brief

Migration and Development Brief 26

The growth rate of remittances to developing countries is estimated to have fallen from 3.2 percent in 2014 to 0.4 percent in 2015. The slowdown in grow is largely due to economic weakness in the major remittance-sending countries. Weak oil prices and currencies in many remittance-source countries, especially Russia, further depressed remittance flows in U.S. dollar terms. Remittances to developing countries are expected to rise by around 4 percent a year in 2016–17. A major downside risk to this forecast is the potential for a decline in outward remittances from Gulf Cooperation Council countries due to continuing weakness in the price of oil. Also, the continued widening of black market premia and imposition of capital controls could limit formal remittance inflows in some countries.

Dilip Ratha, Supriyo De, Sonia Plaza, Kirsten Schuettler, William Shaw, Hanspeter Wyss, Soonhwa Yi


Report Chapters and Remittance Inflows and Outflows Data


  1. Migration and Remittance Trends and Outlook
    1. Migration and Remittances in 2015
    2. Outlook and Risks
    3. Trends in the Cost of Remittances
  2. Sustainable Development Goals
  3. Special Topic: How Migration and Remittances Help Cope with Natural Disasters and Epidemics
    1. How Emigration Responds to Natural Disasters
    2. International Institutional Framework and the Challenge of Migration Driven by Disasters
    3. Response of the Diaspora to Natural Disasters
    4. Remittances and Natural Disasters