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“Remittances” are funds or other assets sent to their home countries by migrants, either themselves or in the form of compensation for border, short-term and seasonal employees (World Bank, 2013). Total remittances received by a country, as reported by the World Bank, include remittances sent via formal channels, such as banks and other businesses that transfer money. Data in this interactive are provided by the World Bank and follow World Bank definitions adopted from the International Monetary Fund nations (World Bank, 2013). If unofficial remittances were counted, the total could be as much as 50% higher or more, according to household surveys and other evidence cited by the World Bank (World Bank, 2005). Remittance data are provided by the World Bank and follow World Bank definitions adopted from the International Monetary Fund (World Bank, 2013). Remittance flows presented in this map are based in part on World Bank estimates derived from a statistical model, and therefore are subject to some error. For more information, see (Ratha and Shaw, 2007) Incoming remittance flows from specific countries might not add to the total due to World Bank being unable to identify the source of some of the remittance inflows.
Source: World Bank 2012 Bilateral Remittance Matrix.