Which are the top 10 economies most impacted by remittances this year?

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As an AI language model, I can provide you with the top 10 economies most impacted by remittances in recent years. However, since you mentioned “this year,” current data might not be available as the year is ongoing. Nevertheless, here are the top 10 economies that are traditionally most impacted by remittances:

1. India: India has consistently been the top recipient of remittances globally, with a significant percentage of its population living and working abroad.

2. China: With a large number of Chinese citizens working overseas and sending money back to their families, China is a major recipient of remittances.

3. Mexico: Remittances play a crucial role in the Mexican economy, with a significant portion of its GDP attributed to funds sent by Mexican migrants, primarily from the United States.

4. Philippines: Overseas Filipino workers contribute significantly to the Philippines’ economy by sending remittances back home, making it one of the major recipients of remittance inflows.

5. Egypt: Remittances have become an essential source of foreign currency for Egypt, as millions of Egyptians work abroad and support their families through remittance transfers.

6. Nigeria: With a significant number of Nigerians living and working abroad, remittances are an important source of income for many Nigerian households and contribute to the economy.

7. Pakistan: Remittances form a crucial part of Pakistan’s economy, with millions of Pakistani workers sending money back home, primarily from the Middle East.

8. Bangladesh: The economy of Bangladesh is also heavily impacted by remittances, with a large number of Bangladeshi migrants working in the Middle East and other countries.

9. Vietnam: Remittances are an important source of income for many Vietnamese families, particularly from migrants working in countries such as the United States, Canada, and Australia.

10. Guatemala: Remittance inflows play a vital role in the Guatemalan economy, with a substantial portion of its population living in the United States and sending money back to their families.

Please note that the rankings and impact of remittances can vary from year to year due to economic factors and global trends. For the most up-to-date information, it is advisable to refer to official reports or organizations like the World Bank or the International Monetary Fund (IMF).

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