Thursday, December 14, 2006

A Lebanese World Record!

Lebanon holds the world record for migrants' remittances as percentage of GDP, 25.8%!!!

From The Economist print edition

Migrants' remittances
Nov 23rd 2006


Recorded remittances by migrants to their home countries should reach $268 billion this year, according to economists at the World Bank, just over twice as much as in 2000. Workers from developing countries account for most of this: they are forecast to send $199 billion home in 2006, compared with $85 billion six years ago. Perhaps not surprisingly, Mexico receives more from its citizens abroad than any other country.

Copyright © 2006 The Economist Newspaper and The Economist Group. All rights reserved.

6 comments:

  1. On a more serious note, this figure has important implications for a discussion not far off, that of the elections and the right of expats to vote...

    ...keep this post in mind when that debate comes along!

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  2. The expats have the right to vote! the problem is that they have to be physically in Lebanon on election day...

    ReplyDelete
  3. Thats just one part of the issue, I can think of at least one other! But like I said, a discussion for another time (ie I'm writing a post on this and when its done I'll clearly define my opinion)... :)

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  4. Hi, is there a source for this article?

    Thanks

    ReplyDelete
  5. Hi liliane: this is from The Economist weekly:
    http://www.economist.com/markets/indicators/displaystory.cfm?story_id=8319564

    ReplyDelete

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