Remittances Are Higher Than Foreign Aid Inflows
Countries such as El Salvador, Jamaica, Tajikistan, Lesotho and Samoa rely heavily on their citizens immigrating into other countries and sending money back. People leave their home countries to seek a better life abroad where they may likely find higher wages, more employment opportunities and the opportunity to help the families they have left behind.
Remittances play a huge role in these people’s individual lives and the lives of their families, but also the entire economy of their home nations. Nearly half (49.6%) of Tajikistan’s GDP is from remittances. If Tajikistan’s exported people stopped sending money home, the country’s economy would be devastated.
