volume of remittances

USAGE SUMMARY

The phrase "volume of remittances" is correct and usable in written English.
It can be used when discussing the total amount of money sent back to a country by individuals working abroad, often in the context of economic analysis or financial reports. Example: "The volume of remittances to the country has significantly increased over the past year, contributing to its economic growth."

✓ Grammatically correct

Science

Formal & Business

News & Media

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

Between 1990 and 2002, the volume of remittances entering the country increased by 30% annually.

IZA Journal of Development and Migration

Secondly, we investigate how, if at all, the amount of remittances sent by one sibling migrant is related to the volume of remittances sent by another.

IZA Journal of Migration

The volume of remittances sent by other siblings is also found to have no statistically significant effect on the amount sent by a sibling.

IZA Journal of Migration

Olivié et al. (2009) indicate that in 2006, the bottom two income quintiles of the population received less than 6% of the total volume of remittances, while the wealthiest 20% received over 34%.

IZA Journal of Development and Migration

Since 1999, the volume of remittances has been higher than that of foreign direct investment (FDI), and in 2007 alone, remittances were 16 times higher than FDI (Quintana et al. 2014).

IZA Journal of Development and Migration

However, the amount of remittances sent by other sibling migrants is found to have no statistically significant effect on the volume of remittances sent by another migrant from the household.

IZA Journal of Migration

Human-verified similar examples from authoritative sources

Similar Expressions

50 human-written examples

In Latin America and the Caribbean, the volume of remittance transfers to the region reached their highest recorded volume ($65.4 billion) in 2014, after plateauing during the global financial crisis, according to a recent report on remittances by the Multilateral Investment Fund of the Inter-American Development Bank Group.

Huffington Post

Networks formed from past migration experiences may lower the costs of finding jobs and result in higher instances and larger volumes of remittances.

IZA Journal of Migration

Consistent with this finding, the data from the present study suggest that nurses may be sending back larger volumes of remittances as they seek to construct or improve houses or set up businesses in the home country.

Human Resources for Health

This is also reflected in the high volume of official remittances, which is about 24% of the Moldovan GDP.

IZA Journal of Migration

But other observers insist that the rising importance of remittances speaks volumes about the deeper weakness of the Mexican economy and the way it is failing the country's 56 million poor people.

Vice

Expert writing Tips

Best practice

When discussing economic trends, use "volume of remittances" to refer to the overall amount of money being transferred, providing context for economic impact analysis.

Common error

Avoid assuming a direct correlation between the "volume of remittances" and positive outcomes. While a high volume may suggest economic benefits, consider factors such as distribution, usage, and local economic conditions to assess the true impact.

Linguistic Context

The phrase "volume of remittances" functions as a noun phrase, acting as the subject or object in a sentence. According to Ludwig, it's a correct and usable term for discussing the total amount of money sent back to a country by workers abroad.

Expression frequency: Uncommon

Frequent in

Science

43%

News & Media

29%

Formal & Business

28%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "volume of remittances" is a grammatically sound and usable term for quantifying money sent by migrants to their home countries. Ludwig AI confirms its correctness. While it's most common in scientific and news contexts, it maintains a neutral to formal tone. When using the phrase, consider factors beyond just the "volume", such as distribution and local economic conditions, to accurately assess the true economic impact. Alternatives like "amount of remittances" or "remittance inflows" can be used depending on the specific context you're addressing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

amount of remittances

Focuses on the quantity or sum of remittances, similar to volume.

total remittances

Emphasizes the aggregate value of all remittances.

remittance inflows

Highlights the movement of remittances into a country or region.

remittance flows

Similar to remittance inflows, but can also refer to outflows.

level of remittances

Indicates the extent or degree of remittances.

size of remittances

Refers to the magnitude or extent of remittances.

scale of remittances

Emphasizes the scope or range of remittances.

remittance value

Focuses on the economic worth of remittances.

remittance earnings

Highlights the income generated from remittances.

money sent home

A more general term referring to remittances, less formal.

FAQs

What does "volume of remittances" mean in economics?

In economics, "volume of remittances" refers to the total amount of money or goods sent by migrants to their home countries. It's often used to assess the economic impact of migration on both the sending and receiving countries.

How does the "volume of remittances" affect a country's economy?

The "volume of remittances" can significantly impact a country's economy by increasing household income, supporting consumption, and contributing to investment. However, its effects can vary depending on factors like distribution and how the money is used.

What are some alternatives to "volume of remittances"?

You can use alternatives like "amount of remittances", "total remittances", or "remittance inflows" depending on the specific context.

Is it more accurate to speak of "volume of remittances" or "flows of remittances"?

Both "volume of remittances" and "flows of remittances" are acceptable. "Volume" emphasizes the total quantity, while "flows" emphasizes the movement of money. Choose the term that best fits the context.