Moldova ranks fourth with 25% of remittances as a share of the Gross Domestic Product in 2013, shows the World Bank’s latest issue of the Migration and Remittances Factbook
. It is preceded by Tajikistan with 42%, Kyrgyzstan with 32%, and Nepal with 29%, IPN reports.
Moldova is followed by Samoa and Lesotho with 24%, Haiti and Armenia with 21%, Gambia with 20%, and Liberia with 18%.
In the rankings of the countries receiving the largest volume of remittances, Moldova takes the 58th position with inflows US$1.97 billion in 2013. This year remittances to Moldova are projected to total US$1.95 billion, a slight decrease. India remained in the top spot, with US$71 billion in remittances. Other large recipients were China (US$64 billion), the Philippines (US$28 billion), France (US$24), and Mexico (US$24 billion). Ukraine ranks tenth with US$9 billion.
According to the World Bank, the large countries receive larger remittances, but the smaller countries are more dependent on remittances as they have a smaller GDP and the remittances have a greater share in their economy.
