Remittance Inflows to GDP for Luxembourg
DDOI11LUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.99
Year-over-Year Change
5.75%
Date Range
1/1/1995 - 1/1/2020
Summary
This economic trend measures the ratio of remittance inflows to GDP in Luxembourg, providing insight into the importance of international money transfers to the country's 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, which are funds sent by foreign workers back to their home countries, are an important economic indicator for Luxembourg due to its sizable expatriate population. This metric can shed light on the reliance of the Luxembourgish economy on income from abroad.
Methodology
The data is calculated by the World Bank as a percentage of GDP.
Historical Context
Remittance inflows are closely tracked by policymakers and analysts to understand the flow of international capital and its impact on domestic economic conditions.
Key Facts
- Luxembourg has one of the highest ratios of remittance inflows to GDP globally.
- Remittances account for over 3% of Luxembourg's GDP as of the latest data.
- The remittance inflow trend in Luxembourg has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of remittance inflows, or money sent by foreign workers, to the total GDP of Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: Remittance inflows are an important indicator of Luxembourg's reliance on international capital flows and its integration with the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank as a percentage of Luxembourg's GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts track remittance inflows to understand the flow of international capital and its impact on the Luxembourgish economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions in Luxembourg.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Luxembourg (DDOI11LUA156NWDB), retrieved from FRED.