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Traditionally money flowed across nations through trade channels only. However, the globalization has become a reality in the past few decades. With fast opening economies and growing socio political activities, more and more people from underdeveloped or developing economies are working outside the countries of their origin. Remittance money has been growing by the years and is being considered an important financial resource for development as well as a social change by financial planners in developing economies. The worldwide inflow of remittances is growing continuously since past several years with the exception of 2009 which was characterized by global economic slowdown. The market is expected to grow at a CAGR of approximately 8.5% during 2012-2014.
The developing countries, which include both low and middle income countries, account for the majority inflow of remittances in the world. The huge emigrant population moving from the developing regions of India, China, Philippines, and Mexico make these countries the highest recipient of remittances. The largest source of remittance flow to developing regions is high income countries including the US and Western Europe, with the GCC countries fast developing as an important source.
The report broadly includes the following:
List of Charts
Value Chain: Remittance Industry
Global Remittance Inflows, 2001-2011
Global Remittance Outflows, 2001-2010
Top 10 Addressers of Remittances, 2010
Remittance Flow to Low Income Countries, 2008-2011
Remittance Flow to Middle Income Countries, 2008-2011
Remittance Flow to High Income Countries, 2008-2011
Remittance Flow to Developing Countries, 2008-2011
Sources of Remittances for Developing Regions, 2010
Remittance Flow to East Asia and Pacific Region, 2008-2011
Remittance Flow to Europe and Central Asia Region, 2008-2011
Oil Prices Driving Remittances to Central Asia, Q304-Q311
Remittance Flow to Latin America and Caribbean Region, 2008-2011
The US Housing Starts, Annualized, Oct-05 to Oct-11
US Migrant Employment by Sector, Dec-09 to Sep-11
Migrant and Natives’ Employment in the US, Sep-08 to Sep-11
Remittance Flow to Middle East and North Africa Region, 2008-2011
Remittance Flow to South Asia Region, 2008-2011
Migrant Deployment from and Remittance Flows to Bangladesh, Nov-08 to Oct-11
Remittance Flow to Sub-Saharan Africa Region, 2008-2011
Top 10 Recipients of Migrant Remittances, 2011
Top 10 Recipients of Migrant Remittances as % of GDP, 2010
Remittance Flows to India, 2001-2011
Private Transfers to India, Q308-Q211
Remittance Flows to China, 2001-2011
Remittance Flows to Mexico, 2001-2011
Remittance Flows to the Philippines, 2001-2011
Global Average Remittance Costs, 2008-Q311
Cost of Sending Remittances to Developing Regions, Q311
Global GDP Growth, 2001-2011
International Migrants Population, 2000-2010
Global Employment Rates, 2000-2010
Money Transfer’s Organizations Market Share, 2010
Western Union’s Revenue Share by Business Segments, 2010
Western Union’s Money Transfer Revenues, 2006-2010
MoneyGrams’ Revenue Share by Business Segments, 2010
MoneyGram’s Money Transfer Revenues, 2008-2010
Euronet’s Revenue Share by Business Segments, 2010
Euronet’s Money Transfer Revenues, 2008-2010
Global Remittance Inflow Forecasts, 2009-2014F
List of Tables
Dependent & Independent Variables (2001-2011)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output.
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