Dark Mode
Historical GDP Contribution of International Remittances
Finance & Banking Analytics
Tags and Keywords
Trusted By
"No reviews yet"
Free
About
Tracking the global movement of remittance money received and paid by nations from 1960 up to the most recent updates in 2021. The data highlights the financial importance of these international flows, especially concerning their vital contribution to the Gross Domestic Product (GDP) of countries, particularly those categorized as having developing economies. The full product consists of three distinct datasets detailing received remittances, paid remittances, and the percentage contribution to GDP.
Columns
The primary inflow dataset includes the following key fields:
- Country: The name of the nation relevant to the remittance flow data. The sample shows 224 unique country values.
- Remittance in millions: The total monetary value of remittances reported in millions. Data varies widely, from minimal figures up to approximately 751k in the maximum range.
- share in GDP: The calculated percentage that remittances contribute to the country's annual Gross Domestic Product. These values range from less than one percent up to nearly 44 percent.
Distribution
The product is presented as a set of three related datasets. The files are typically available in CSV format. Based on the sample provided, the file size is approximately 7.25 kB. The data collection is anticipated to be updated on an annual basis. Specific row or record counts are dependent on the final merged files, though country coverage is robust across 224 entities.
Usage
This data is highly suitable for macro-economic analysis and financial modelling. Ideal applications include assessing the economic reliance on international transfers, performing exploratory data analysis on global development trends, and conducting regression studies related to economics and finance. It serves well for projects involving banking sector analysis and understanding the role of remittances in national fiscal health.
Coverage
The geographic scope is global, encompassing data for 224 unique countries. The temporal coverage is extensive, beginning in 1960 and extending through annual updates until 2021. The focus is specifically on financial metrics—remittance amounts received and their proportional relationship to national GDP.
License
CC0: Public Domain
Who Can Use It
The primary users include government economic planning bodies and policymakers focused on sustainable development and financial stability. Academic researchers studying migration, capital flows, and international economics can utilize the historical time series. Financial institutions and analysts may use the data to gauge market risk and economic indicators in emerging economies.
Dataset Name Suggestions
- Global Financial Remittance Flows 1960-2021
- Historical GDP Contribution of International Remittances
- Country Remittance Statistics and Economic Impact
Attributes
Original Data Source: Historical GDP Contribution of International Remittances
QUALITYLoading...