Remittance Inflows to GDP for Malawi
DDOI11MWA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.77
Year-over-Year Change
464.71%
Date Range
1/1/1994 - 1/1/2020
Summary
The 'Remittance Inflows to GDP for Malawi' trend measures the value of money transfers received by Malawi from people working abroad as a percentage of its gross domestic product (GDP). This indicator is important for assessing Malawi's reliance on foreign remittances and their contribution to the national economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Remittance inflows represent the money sent back to Malawi by citizens working in other countries. This data point provides insight into Malawi's integration with the global economy and the role of foreign earnings in supporting domestic consumption, investment, and economic growth.
Methodology
The data is collected by the World Bank from national statistics agencies and central banks.
Historical Context
Remittance flows are closely monitored by policymakers and economists to understand their macroeconomic impacts and potential policy implications.
Key Facts
- Remittances accounted for over 4% of Malawi's GDP in 2020.
- Malawi is among the top recipients of remittances in Sub-Saharan Africa.
- Remittance inflows to Malawi have grown significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Remittance Inflows to GDP for Malawi' trend measures the value of money transfers received by Malawi from people working abroad as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Malawi's integration with the global economy and the role of foreign earnings in supporting domestic consumption, investment, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national statistics agencies and central banks.
Q: How is this trend used in economic policy?
A: Remittance flows are closely monitored by policymakers and economists to understand their macroeconomic impacts and potential policy implications.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Malawi (DDOI11MWA156NWDB), retrieved from FRED.