3 minutes agoThese are the 10 states that send money most to Kosovo
Periskopi(8 years ago)
(8 years ago)The diaspora undoubtedly presents an important source of funding of family economies in Kosovo. Germany is the state where Kosovars mostly send money, then rank Switzerland and the United States of America with diaspora remittances. But one problem for diaspora remittances is their means of spending, which mainly goes [...]
Germany is the state where Kosovars mostly send money, then rank Switzerland and the United States of America with diaspora remittances. But one problem for diaspora remittances is their means of spending, which mainly goes into consumption.
According to the Kosovo Central Bank (BQK), about 40 percent of remittances are sent to the country from Germany.
These are the ten countries in which citizens of the Republic of Kosovo work and send in mostly money to their native country, writes Telegrafi.
- Germany
2. Switzerland
3. United States of America
4. Italy
5. France
6. Austria
7. Sweden
8. Belgium
9. England
10. Norway
The “Remits accepted in Kosovo during 2017 marked the value of 759.3m euros. From Germany there have been 39.4 percent of them, followed by Switzerland at 21.8 percent, the United States at 7.1 percent, Italy at 4.5 percent, France at 4.3 percent, Austria at 3.7 percent, Sweden at 3.5 percent, Belgium at 2.6 percent, England at 2.5 percent, and Norway at 1.7 percent”, says BQ's monthly statistical journal.
From data from the world's remittances map presented by PEW Research Center, over a billion dollars of remittances have been sent to Albania last year.
Greece is the state from which Albania receives the most remittances worth $433m. Second place is Italy with $332 million. In both countries it is estimated that over one million immigrants live and work, and more than 80 percent of total remittances have come from these two countries.
Third place is the United States with $77m and then ranks Germany with 37m.
According to World Bank data, the world estimates that over $574 billion was sent from immigrants to relatives.
“Nepal has received about $6.6 billion in remittances, equivalent to 31.3 percent of the Bruto Internal Product, followed by Kyrgyzstan, which received two billion remittances, equivalent to 30.4 percent of the Brto and Tajkistan Interior Product, has received about $1.9 billion equal to 26.9 percent of the Bruto Interior Product. Outdoor remittances also equal more than a quarter of the Bruto Internal Product for Haiti and Liberia. In nine other countries they were equivalent between 15 percent and 25 percent of the Brto” internal product, the World Bank report reports.
The importance of remittances in a country's overall economy depends not only on the amount of remittances, but on the size of the economy.
In the end, research has shown that remittances can reduce the depth and severity of poverty in developing countries and that they are related to increased household spending in health, education, and small business. However, there is little evidence that they have much impact on overall economic growth in host countries.
