Remittance Inflows to GDP for Tunisia
DDOI11TNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.57
Year-over-Year Change
26.36%
Date Range
1/1/1976 - 1/1/2020
Summary
The 'Remittance Inflows to GDP for Tunisia' series measures the value of personal remittances received as a percentage of Tunisia's gross domestic product. This indicator provides insight into the role of international migrant worker earnings in the Tunisian 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 money that migrant workers send back to their home countries. This metric helps quantify the economic impact of Tunisia's diaspora and the importance of remittances as a source of foreign exchange and household income.
Methodology
The data is calculated by the World Bank using balance of payments statistics.
Historical Context
Remittance flows are a key consideration for policymakers seeking to understand Tunisia's economic resilience and development.
Key Facts
- Tunisia's remittance inflows were 5.5% of GDP in 2021.
- Remittances are a larger source of foreign exchange than tourism for Tunisia.
- Remittance flows can help offset trade deficits and support household consumption.
FAQs
Q: What does this economic trend measure?
A: The 'Remittance Inflows to GDP for Tunisia' series measures the value of personal remittances received as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: Remittance flows are an important indicator of a country's economic resilience and the role of its diaspora in supporting domestic household incomes and foreign exchange.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using balance of payments statistics.
Q: How is this trend used in economic policy?
A: Remittance inflows are a key consideration for Tunisian policymakers seeking to understand the country's economic development and resilience.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Tunisia (DDOI11TNA156NWDB), retrieved from FRED.