Sentence examples for remittances amount from inspiring English sources
These remittances amount to nearly $25bn each year, roughly 2% of the Mexican gross domestic product, according to the World Bank.
Remittances amount to more than a fifth of GDP, but bringing talented Haitians back home would help even more than their cash.
In Albania, receipts from remittances amount to 75% of its exports of goods and services (with the unwelcome result that its currency is one of Europe's strongest).
Some Latin American countries such as Honduras, El Salvador, and Nicaragua are highly dependent on them – remittances amount to more than 15%% of their GDP – whereas Argentina or Brazil receive remittances that do not reach 1%% of their GDP (Maldonado & Hayem, 2013).
In 2007 remittances amounted to 46% of GDP in Tajikistan, 34% in Moldova, and 28% in Lesotho.
In 2008 their remittances amounted to 17% of national income, one of the world's higher rates.
But whereas remittances amounted to only 3.9% of India's GDP, they were over a fifth of Lebanon's.
Such remittances amounted to a colossal US$19.6bn in April-December 2006, a 15% year-on-year increase.Export risksBuoyant export growth has also built up India's foreign-exchange holdings.
The money sent in the other direction in the form of remittances amounted to about $23 billion in 2006, according to the Bank of Mexico, the country's central bank, up almost sevenfold in a dozen years.
In Nepal, for example, the World Bank reports that remittances amounted to $5.6 billion (US dollars) in 2013, or about 29% of GDP, while official development assistance and aid totaled approximately $870.6 million (World Bank 2015).
Despite the downturn of the global economy, many developing countries continue to see their remittances amounting for double-digit percentages of their GDP.
