Production: Mining: Total for Denmark
Annual, Not Seasonally Adjusted
PRMITO01DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.71
Year-over-Year Change
-71.22%
Date Range
1/1/1980 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted Personal Remittances Received in Pakistan. It is a key indicator of international money transfers and economic integration.
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
Personal Remittances Received measures the value of money transfers from overseas workers to residents of their home country. This metric is widely used by economists and policymakers to analyze cross-border labor flows, household income, and a nation's balance of payments.
Methodology
The data is collected and reported by the State Bank of Pakistan.
Historical Context
Remittance flows are an important consideration for economic and monetary policy in countries with high levels of overseas workers.
Key Facts
- Pakistan received over $31 billion in personal remittances in 2021.
- Remittances account for over 7% of Pakistan's GDP.
- The United States is the largest source country for remittances to Pakistan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted value of personal remittances received in Pakistan from overseas workers.
Q: Why is this trend relevant for users or analysts?
A: Remittance flows are a key indicator of a country's international economic integration, household income, and balance of payments.
Q: How is this data collected or calculated?
A: The data is collected and reported by the State Bank of Pakistan.
Q: How is this trend used in economic policy?
A: Remittance data is used by policymakers and economists to analyze cross-border labor flows and their impact on the domestic economy.
Q: Are there update delays or limitations?
A: There may be some reporting lags in the release of this annual, not seasonally adjusted data.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRMITO01DKA661N), retrieved from FRED.