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It seems to be a place, but it is not

It seems to be a place, but it is not

Moldova ranks 6th among the countries of Europe and Central Asia in terms of the share of remittances to the country from abroad in GDP with an indicator of 11.8%. But it was not included in the ranking in terms of the volume of these remittances. 

This is evidenced by the data presented by the World Bank in its new report on migration and development (Migration and Development Brief). According to the data presented in the Migration and Development Brief, a ranking of countries in Europe and Central Asia in terms of the share of remittances in GDP for 2023 has been compiled. 

Top 10 countries by share of remittances in GDP:
 

Place  Country  Share of remittances in GDP (%)
1 Tajikistan 39,1
2 Kyrgyzstan 22,3
3 Kosovo 17,6
4 Uzbekistan 15,3
5 Georgia 13,8
6 Moldova 11,8
7 Montenegro 10,9
8 Bosnia and Herzegovina 10,4
9 Albania 9
10 Ukraine 8,5
 
 
 

However, our country was not included in the top 10 countries in Europe and Central Asia in terms of remittances received to the country from abroad at the end of 2023.

Top 10 countries by volume of remittances:

 
Place  Country  Share of remittances in GDP (%)
1 Ukraine 15,1
2 Uzbekistan 13,9
3 Russia 5,8
4 Serbia 5,8
5 Tajikistan 4,6
6 Georgia 4,2
7 Kyrgyzstan 2,9
8 Bosnia and Herzegovina 2,8
9 Bulgaria 2,5
10 Albania 2,0
 

Global context.


Top 10 countries in the world in terms of remittances (2023):
 
Place  Country  Share of remittances in GDP (%)
1 India 120
2 Mexico 66
3 China 50
4 Philippines 39
5 Pakistan 27
6 Bangladesh 22
7 Guatemala 20
8 Nigeria 20
9 Egypt 20
10 Ukraine 15,1
 

Top 10 countries in the world by share of remittances in GDP (2023):
 
Place  Country  Share of remittances in GDP (%)
1 Tonga 41
2 Tajikistan 39,1
3 Lebanon 31
4 Samoa 28
5 Nicaragua 27
6 Nepal 26
7 Honduras 26
8 El Salvador 24
9 Gambia 23
10 Kyrgyzstan 22,3
 

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