Most of the remittance-receiving countries witnessed a significant macro-economic impact of remittances, not only in terms of hel ping increase foreign currency earnings, but also by virtue of representing a sizeable share of a country’s GDP, Moreover, these resources help expand markets through spending and investment. Table 1 shows that the amount of remittances received by these countries is far larger than FDI or ODA. When compared with exports, remittances also represent a significant portion of that revenue. Moreover, remittances display an almost counter-cyclical behavior. For example, despite.
