The first crypto remittances used Bitcoin to power international money transfers. Today, however, stablecoins have emerged as ...

As a share of gross domestic product, the top recipients are smaller and poorer countries that face economic hardships and fragility: Lebanon (38% of GDP), Samoa (34%), Tajikistan (32%), and Tonga ...

The Philippine central bank is forecasting the country's current account deficit to narrow to 3.3% of gross domestic product ...

The United States’ (US) plan to tax the money sent home by foreign workers, including overseas Filipino workers (OFWs), has ...

ASUNCIÓN, Paraguay, May 29 (UPI) --A proposed 3.5% tax on remittances from the United States could cost some Latin American countries up to half a percentage point of gross domestic product ...

REMITTANCE inflows to the Philippines may fall by 1.4% if US President Donald J. Trump’s proposed tax on money sent home by ...

Transfers rose 4% to $776 million in 2024, equivalent to 31.5% of the nation’s gross domestic product, Central Bank of The Gambia Governor Buah Saidy told a national forum on diaspora financing ...

The data also showed that remittances as a share of the GCC’s gross domestic product (GDP) at current prices have declined in recent years, falling from 8.1 per ent in 2020 to 6 per cent in 2022.

Somalia's gross domestic product (GDP) fell slightly to 4.1 percent in 2024, down from 4.2 percent in 2023, the national ...

Personal remittances – the sum of net compensation of employees, personal transfers and capital transfers between households – accounted for 8.9 percent of the country’s gross domestic ...

Purchasing power. Money sent home by Filipinos overseas is a major source of purchasing power in the Philippines, where consumption typically accounts for nearly 70 percent of gross domestic product.