Data Stories

Increasing reliance on remittances

The share of remittances in GDP for Pakistan has increased from 1% in 2000 to 8% in ‎‎2023. As of 2019, this was one of the highest for countries with a population higher than ‎‎30 million. The three countries which ranked higher were Philippines, Ukraine and ‎Uzbekistan. The increased reliance on remittances mirrors the trend last seen between ‎‎1975 and 1985. While these inflows help sustain consumption, these can also be a ‎source of Dutch disease.‎

Author: Dr. Ahmed Jamal Pirzada