Remittance Flows Register Robust 7.3 Percent Growth in 2021

WASHINGTON, Nov 17, 2021 — Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19, according to estimates from the World Bank’s Migration and Development Brief released today.

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Q1 2018 update of World Development Indicators available

World Bank buildingThe World Development Indicators database has been updated. This is a regular quarterly update to 1,600 indicators and includes both new indicators and updates to existing indicators.

This release features updates for national accounts, balance of payments, demography, health, labor market, poverty and shared prosperity, remittances, and tourism series. New estimates are also available for electricity-related indicators from the Global Tracking Framework, adjusted net savings, law and regulation towards gender equality from Women, Business and the Law, ownership of financial accounts from the Global Findex, mobile and internet, and education series.

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