{"id":27595,"date":"2018-01-30T18:16:08","date_gmt":"2018-01-30T12:31:08","guid":{"rendered":"https:\/\/techlekh.com\/?p=27595"},"modified":"2018-01-30T21:36:20","modified_gmt":"2018-01-30T15:51:20","slug":"nepal-number-1-world-remittance-percentage-gdp","status":"publish","type":"post","link":"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/","title":{"rendered":"Nepal #1 in The World in Terms of Remittance as Percentage of GDP"},"content":{"rendered":"<p><img decoding=\"async\" data-attachment-id=\"27640\" data-permalink=\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/screen-shot-2018-01-30-at-6-12-18-pm\/\" data-orig-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM.png\" data-orig-size=\"1356,1066\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Remittance around the world, 2016\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM-490x315.png\" data-large-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM-1120x680.png\" class=\"alignnone size-full wp-image-27640\" src=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM.png\" alt=\"Remittance around the world, 2016\" width=\"1356\" height=\"1066\" srcset=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM.png 1356w, https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM-960x755.png 960w\" sizes=\"(max-width: 1356px) 100vw, 1356px\" \/><\/p>\n<p><strong>In 2016, people living abroad sent an estimated $6.6 billion in remittances in Nepal.<\/strong> This made Nepal number 1 in the world in terms of remittance as percent of Gross Domestic Product (GDP).<\/p>\n<p>Nepal received remittances of $6.6 billion equivalent to 31.3% of its GDP, according to a <a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2018\/01\/29\/remittances-from-abroad-are-major-economic-assets-for-some-developing-countries\/\" target=\"_blank\" rel=\"noopener\">Pew Research Center analysis of World Bank data for 2016<\/a>. Nepal topped the list last year as well with remittances accounting for 31.5% of its GDP.<\/p>\n<p>It was closely followed by Kyrgyzstan which had nearly $2 billion in remittances, equivalent to 30.4% of GDP. Then Tajikistan, which received about $1.9 billion (equal to 26.9% of GDP). Haiti and Liberia join the list with more than 25% remittances to make the top 5 countries in the world in terms of remittance.<\/p>\n<p>All these countries bear two important similarities: they have relatively small economies and largely scattered population.<\/p>\n<p>Nepal\u2019s GDP in 2016 was $21.1 billion making it the <a href=\"https:\/\/www.cia.gov\/library\/publications\/the-world-factbook\/geos\/np.html\" target=\"_blank\" rel=\"noopener\">96th in the world<\/a>\u00a0by purchasing power parity. Out of the total GDP, $6.6 billion came from remittances.<\/p>\n<p>It is said that remittances have represented more than 10 percent of GDP of Nepal in the late 1990s. Remittances in 2012\/13 contributed around $3.5 billion a year to Nepal&#8217;s annual income, up from just $50 million in the mid-1990s, and equivalent to almost a quarter of GDP.\u00a0And in 2016, it exceed a quarter of GDP by almost 7%.<\/p>\n<p>Nepal\u2019s remittances come mainly from Qatar, Saudi Arabia, India and the United Arab Emirates.<\/p>\n<p><strong>According to Pew Research, remittances can\u00a0reduce the depth and severity of poverty\u00a0in developing countries, and that they\u2019re associated with\u00a0increased household spending on health, education and small business.<\/strong><\/p>\n<p>Though Nepal is currently doing well from remittances, one country\u2019s immigration policies can have significant effects on other, more remittance-reliant countries. If one of the major remittance earning countries changes its policies, thousands of Nepalis can lose their jobs at once.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2016, people living abroad sent an estimated $6.6 billion in remittances in Nepal. This made Nepal number 1 in the world in terms of remittance as percent of Gross Domestic Product (GDP). Nepal received remittances of $6.6 billion equivalent to 31.3% of its GDP, according to a Pew Research Center analysis of World Bank&hellip;<\/p>\n","protected":false},"author":1030,"featured_media":27640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[275,5280,4918],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nepal #1 in The World in Terms of Remittance as Percentage of GDP<\/title>\n<meta name=\"description\" content=\"In 2016, people living abroad sent an estimated $6.6 billion in remittances in Nepal. This made Nepal number 1 in the world in terms of remittance as percent of Gross Domestic Product (GDP). Nepal received remittances of $6.6 billion equivalent to 31.3% of its GDP in 2016.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nepal #1 in The World in Terms of Remittance as Percentage of GDP\" \/>\n<meta property=\"og:description\" content=\"In 2016, people living abroad sent an estimated $6.6 billion in remittances in Nepal. This made Nepal number 1 in the world in terms of remittance as percent of Gross Domestic Product (GDP). Nepal received remittances of $6.6 billion equivalent to 31.3% of its GDP in 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/\" \/>\n<meta property=\"og:site_name\" content=\"TechLekh\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techlekh\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-30T12:31:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-30T15:51:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1356\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Prakriti Tuladhar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@techlekh\" \/>\n<meta name=\"twitter:site\" content=\"@techlekh\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prakriti Tuladhar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/\"},\"author\":{\"name\":\"Prakriti Tuladhar\",\"@id\":\"https:\/\/techlekh.com\/#\/schema\/person\/16d1eaa985585d0ab1a1b088be1686f4\"},\"headline\":\"Nepal #1 in The World in Terms of Remittance as Percentage of GDP\",\"datePublished\":\"2018-01-30T12:31:08+00:00\",\"dateModified\":\"2018-01-30T15:51:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/\"},\"wordCount\":312,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/techlekh.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM.png\",\"keywords\":[\"news\",\"pew research\",\"remittance\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/\",\"url\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/\",\"name\":\"Nepal #1 in The World in Terms of Remittance as Percentage of GDP\",\"isPartOf\":{\"@id\":\"https:\/\/techlekh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/techlekh.com\/nepal-number-1-world-remittance-percentage-gdp\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/01\/Screen-Shot-2018-01-30-at-6.12.18-PM.png\",\"datePublished\":\"2018-01-30T12:31:08+00:00\",\"dateModified\":\"2018-01-30T15:51:20+00:00\",\"description\":\"In 2016, people living abroad sent an estimated $6.6 billion in remittances in Nepal. 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