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Haiti - FLASH : Record, transfers from the Diaspora exceed 30% of Haiti's GDP
07/10/2017 09:59:38

According to a World Bank note on migration and development, after two consecutive years of decline, remittances of the diaspora throughout the world saw an increase in 2017 that should expect +3.9% by the end of the year.

With 2.4 billion dollars of transfers from its diaspora (31.2% of its Gross Domestic Product), Haiti ranks 2nd in the Top 5 countries where transfers represent the largest proportion of their GDP. Comparatively, the Dominican Republic received $ 5.7 billion, which represents 8% of its GDP https://www.haitilibre.com/en/news-22244-haiti-economy-competitiveness-haiti-last-of-the-latin-america-and-caribbean-region.html

At the regional level, Haiti is far ahead of Honduras (18.4% of GDP), Jamaica (17.4%), El Salvador (16.7%) and Guatemala (12.2%).

In addition, the World Bank mentions the existence of new migrant flows of Haitians in the region of Latin America in Brazil, Chile and Venezuela.

The World Bank projects that in 2018, in a context of improving the global economy, diaspora remittances are expected to rise again by 3.5%.

SL/ HaitiLibre