Remittance Inflows to GDP for Chad
DDOI11TDA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1985 - 1/1/2020
Summary
The 'Remittance Inflows to GDP for Chad' series measures the value of personal remittances received as a percentage of Chad's gross domestic product. This metric is important for analyzing the economic impact of overseas worker earnings on the Chadian 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 sum of personal transfers and compensation of employees from residents working abroad to recipients in Chad. This data provides insight into the role of international labor migration and cross-border payments in Chad's overall economic activity and development.
Methodology
The data is collected and calculated by the World Bank using information reported by national statistical agencies and central banks.
Historical Context
Policymakers use this metric to evaluate the reliance of the Chadian economy on external financial flows and the potential impact of changes in global labor markets.
Key Facts
- Remittance inflows were 4.2% of Chad's GDP in 2020.
- Remittances are a major source of external financing for Chad's economy.
- Chad ranks among the top remittance-receiving countries in Sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This metric measures the value of personal remittances received by residents of Chad as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: Tracking remittance inflows is important for understanding the role of international labor migration and cross-border payments in Chad's economic development and reliance on external financial flows.
Q: How is this data collected or calculated?
A: The World Bank collects this data from national statistical agencies and central banks.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the Chadian economy's dependence on remittances and the potential impact of changes in global labor markets.
Q: Are there update delays or limitations?
A: The data may have lags or limitations in reporting, as it relies on information provided by national statistical agencies.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Chad (DDOI11TDA156NWDB), retrieved from FRED.