Revealed: How immigrants in America are sending $120 BILLION to their struggling families back home
See on Scoop.it – GIBSIccURATION
The amount of money being sent by migrants across the entire world reached $530 billion last year, making it a larger economy than Iran or Argentina, the data from the World Bank showed.
KISs @GIBS‘s insight:
The $120billion remittance economy – "For smaller economies across the world, remittances make up massive proportions of national income. For example, Tajikistan receives the equivalent of 47 per cent of its GDP from workers abroad, while Liberia receives the equivalent of 31 per cent."
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