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Bilateral data on remittances for OECD countries

Bilateral data on remittances for OECD countries. Agenda Item 6.2. Fabiana Cerasa OECD Statistics Directorate. …, STD/SES/TAGS; 2 nd WPTGS Meeting 16.-18.11.2009, Paris. General background. High political and economic interest in remittances in recent years

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Bilateral data on remittances for OECD countries

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  1. Bilateral data on remittances for OECD countries Agenda Item 6.2 Fabiana Cerasa OECD Statistics Directorate …, STD/SES/TAGS; 2nd WPTGS Meeting 16.-18.11.2009, Paris

  2. General background • High political and economic interest in remittances in recent years • Improving the measurement of remittances is essential and at the same time challenging • In December 2008 OECD sent an ad-hoc questionnaire, complementing work done by Eurostat to obtain more direct information on main remittances corridors

  3. Ad-hoc questionnaire (1) • OECD asked MCs to provide data on: WR World CoE vis-à-vis Net CoE 3 major partners for years 2005-2006-2007 Source: BPM6

  4. Ad-hoc questionnaire (2) • Questionnaire sent by OECD to OECD-nonEU countries • Eurostat source used for the others • In total: 2 countries (7%) only data vis-à-vis WRD 21 countries (70%) data vis-à-vis WRD + bilateral 7 countries (23%) no data

  5. WR Outflows

  6. Major WR corridors, Outflows, bn $, 2006 to MAR 0.99 to COL 1.69 To CHN 0.88 to IND 0.8 to ECU 1.45 to TUR 1.02 to BOL 0.93 to ROU 0.98 to PRT 1 Source: Eurostat

  7. WR Inflows

  8. Major WR corridors, Inflows, bn $, 2006 from US 0.33 from US 0.46 from US 0.72 from SAU 0.77 from DEU 0.5 from UK 1.45 from NLD 0.41 from FRA 0.61 from CHE 0.67 from FRA 1.23 Source: Eurostat and OECD

  9. CoE Outflows

  10. Major CoE corridors, Outflows, bn $, 2006 from US to CAN 0.48 to MEX 7 to SWE 0.93 to DEU 0.71 to POL 3.6 from LUX to BEL 2.2 from LUX to DEU 1.79 from BEL to FRA 1.34 to SVK 1.14 from LUX to FRA 3.42 to FRA 2.25 Source: Eurostat and OECD

  11. COE Inflows

  12. Major CoE corridors, Inflows, bn $, 2006 from US 0.66 from NLD 0.89 from LUX to BEL 2.04 from LUX 1.75 from DEU 2.33 from LUX 2.36 from CHE 1.85 from CHE 5.13 Source: Eurostat and OECD

  13. International initiatives: the launch of the RCG (1) RCG published in June 2009 • addresses the need for practical compilation guidance, supporting data compilers • acknowledges the different country circumstances: • constraints • capabilities • characteristics

  14. International initiatives: the launch of the RCG (2) RCG does not recommend a single source • it is up to the country: • to understand its own specific situation regarding personal remittances transactions • to combine different data sources strategically as to ensure sufficient coverage, accuracy and timeliness of data

  15. Questions to WPTGS delegates: • Do the tables correctly reflect the current availability of remittances data by partner country? • Do any countries, that currently do not provide partner country data for Workers’ Remittances and Compensation of Employees, have plans to introduce this? • Are there any other comments or suggestions on remittances data collection and dissemination process?

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