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Migration and Development Brief

Migration and Development Brief 27

Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the latest edition of the Migration and Development Brief. The Bank estimates that officially recorded remittances to developing countries amounted to $429 billion in 2016, a decline of 2.4 percent over $440 billion in 2015. Global remittances, which include flows to high-income countries, contracted by 1.2 percent to $575 billion in 2016, from $582 billion in 2015.
Date
April
2017
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Report Chapters and Remittance Inflows and Outflows Data

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  1. TRENDS IN GLOBAL REMITTANCE FLOWS
    1. Remittances in 2016
    2. Outlook and Risks
    3. Trends in the cost of Remittances.
  2. MIGRATION ISSUES
    1. Large Movements of Refugees and Migrants
    2. Spotlight on Worker-Paid Recruitment Costs
  3. Special Topic: Envisioning the Global Compact on Migration
    1. Defining the Global Compact on Migration
    2. Identifying Thematic Priorities
  4. Annex A: Data Notes and Forecast Methodology
    1. Data on Remittances
    2. Caveats
    3. Estimating Remittances for 2016
    4. Methodology for Forecasting Remittances
    5. Data on Remittance Prices,Refugees, GDP, and Other Variables
  5. Annex B: Regional Trends in Migration and Remittance Flows
    1. Remittances to East Asia and the Pacific (EAP) Face Global Headwinds
    2. Remittances to Europe and Central Asia (ECA) Projected to Increase in 2017
    3. Remittance Flows into Latin America and the Caribbean (LAC) Picked Up in 2016
    4. Remittances to the Middle East and North Africa (MENA) Region Declined Further in 2016
    5. Remittances to the South Asia Region (SAR) Declined in 2016 Due to Low Oil Prices
    6. Remittances to Sub-Saharan Africa (SSA) Decelerated in 2016

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