Skip to content
Search

Latest Stories

News

The Graphic Truth: Who depends most on remittances?

The Graphic Truth: Who depends most on remittances?

Around the world, hundreds of millions of households and families depend on remittances sent home by migrants working abroad. For many nations, those flows form a sizable chunk of the national economy. But the World Bank has now warned that coronavirus-related lockdowns could slash remittances by as much as 20 percent this year, wreaking havoc on the economies that depend on that cash the most. Consider Haiti, the poorest country in the Western Hemisphere, where remittances account for almost a third of GDP. Or Central American countries like El Salvador and Honduras where the figure is roughly 20 percent. Tiny Lebanon's giant diaspora sends home cash worth 12 percent of GDP, while transfers from Philippine seamen and overseas domestic workers support 10 percent of their home economy. Here's a look at some of the countries that will be hit hardest if global remittance flows grind to a halt because of the coronavirus pandemic.

More For You

The amount of time police said it took four masked men to steal paintings by Renoir, Cézanne, and Matisse from a museum near Parma, Italy, earlier this month.

The amount of time police said it took four masked men to steal paintings by Renoir, Cézanne, and Matisse from a museum near Parma, Italy, earlier this month.

Natalie Johnson
3 minutes: The amount of time police said it took four masked men to steal paintings by Renoir, Cézanne, and Matisse from a museum near Parma, Italy, earlier this month.The crew that pulled off the daring heist at the Villa dei Capolavori made off with paintings worth more than $10 million. [...]
US President Donald Trump aboard Air Force One en route to Joint Base Andrews, Maryland, USA, on March 29, 2026.

US President Donald Trump talks to members of the media aboard Air Force One en route to Joint Base Andrews, Maryland, USA, on March 29, 2026.

REUTERS/Elizabeth Frantz
Donald Trump threatens to “take the oil” in IranThe US president made the comments to the Financial Times on Sunday, just as hundreds of US Special Operations troops arrived in the Middle East ahead of a possible mission to seize Kharg Island, Iran’s main oil export hub. (As it happens, Trump has been thinking of doing this for nearly 40 years.) [...]
Rahm Emanuel on Trump’s missed drone opportunity
- YouTube
The US is falling behind Ukraine in the race to build and deploy cutting-edge drone technology, and it’s the Pentagon’s fault, says Rahm Emanuel.A year ago, Rahm Emanuel made a blunt recommendation: don’t ask Ukraine for mineral rights—ask for their drone technology. Now, that warning looks prescient. “They produce new drone technology every four [...]
​Russia's President Vladimir Putin and India's Prime Minister Narendra Modi attend the India-Russia Business Forum in New Delhi, India, December 5, 2025.

Russia's President Vladimir Putin and India's Prime Minister Narendra Modi attend the India-Russia Business Forum in New Delhi, India, December 5, 2025.

Sputnik/Grigory Sysoyev/Pool via REUTERS
India rekindles old friendship to fill energy shortageTo fill the massive energy void from the closure of the Strait of Hormuz, Delhi has turned once again to an old friend: Moscow. Soon after the Iran war began, the US temporarily allowed India to buy more Russian crude, after spending the preceding six months urging them to stop. The two [...]