The team over at TagesWoche took data from the World Bank and OECD on remittance and aid flows and created an interactive map to show money entering developing countries. The data shows a steady increase of money migrants send back home for roughly 25 years. The amount of money sent jumps quickly from roughly $200 billion in 1995 to nearly $600 billion today. Even the 2008 financial crisis only managed to take a step back, but not inhibit the path of growth.
Migrants send more than 500 billion dollars to their home countries. After 2000, those remittances have rapidly overtaken official development aid. For the first time, a visualisation shows the evolution of migrants’ remittances since 1970.
Users can click around the map to see where migrants settle as well as trends for both development assistance and remittances. Check out the data for yourself:
