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Ethiopia to get $387 million in remittances in 2010 - World Bank
Ethiopia is expected to received $387 million in remittances in 2010 according to a report released by the World Bank, registering a 9.6% increase from 2009. The amount of total remittances in Ethiopia accounts about 10% of the country's GDP.
Ethiopia, which has East Africa's biggest economy, is the second most populous country in Africa with a population of 83 million. According to the report, Ethiopia has some 620,000 people in the Diaspora with the top destination countries being: Sudan, the United States, Israel, Djibouti, Kenya, Saudi Arabia, Canada, Germany, Italy and Sweden. The percentage of migrants as percentage of the total population in Ethiopia is less than 1%, the report says.
Sub-Saharan African countries that led in remittances in 2010 are Nigeria (US$10bn), Sudan (US$3.2bn), Kenya (US$1.8bn), Senegal (US$1.2 bn), South Africa (US$1bn), Uganda (US$0.8bn), Lesotho (US$0.5bn), Ethiopia (US$387 million), Mali (US$385 million), and Togo (US$302 million).
Worldwide, remittance flows are expected to reach US$440bn by the end of 2010, up from US$416bn in 2009. About three-quarters of these funds, or US$325bn will go to developing countries.
According to the Factbook 2011, the top migrant destination country is the United States, followed by Russia, Germany, Saudi Arabia, and Canada. The top immigration countries relative to population are Qatar (87 percent), Monaco (72 percent), the United Arab Emirates (70 percent), Kuwait (69 percent), and Andorra (64 percent).
See Full Report Here
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