Remittance Inflows to GDP for Mozambique
DDOI11MZA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.49
Year-over-Year Change
169.73%
Date Range
1/1/1991 - 1/1/2020
Summary
This trend measures the value of remittance inflows to Mozambique as a percentage of its GDP. Remittance flows are an important economic indicator for developing countries.
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 money transfers from Mozambicans working abroad back to their home country. This metric provides insight into the role of international labor migration and diaspora communities in supporting the Mozambican economy.
Methodology
The data is collected and reported by the World Bank.
Historical Context
Remittance flows are closely watched by policymakers and economists assessing Mozambique's economic development and reliance on foreign sources of income.
Key Facts
- Mozambique's remittance inflows were 4.4% of GDP in 2020.
- Remittances are the second-largest source of external finance for Mozambique after foreign direct investment.
- Remittance flows to Mozambique have grown significantly over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of remittance inflows to Mozambique as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Remittance flows are an important indicator of Mozambique's reliance on foreign sources of income and the role of its diaspora community in supporting the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor remittance inflows to Mozambique as they provide insight into the country's economic development and external financing sources.
Q: Are there update delays or limitations?
A: The World Bank data may have some update delays, as reporting can lag behind the current period.
Related Trends
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Mozambique
DDAI07MZA156NWDB
Use of Financial Services: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Mozambique
MOZFCMTANUM
Number of Identified Exporters to Mozambique from Kansas
KSMOZA475SCEN
Number of Identified Exporters to Mozambique from Delaware
DEMOZA475SCEN
Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Mozambique
MOZFCIOFMNUM
Value of Exports to Mozambique from Georgia
GAMOZA052SCEN
Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Mozambique (DDOI11MZA156NWDB), retrieved from FRED.