Egypt
Remittances Profile:
Formal Remittances Inflows
10,000
$7,725
9,000
(Millions of US dollars)
8,000
7,000
6,000
5,000
$4,284
$2,852
4,000
3,000
2,000
1,000
-
2010e
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
Source:
Remittances data, Development Prospects Group, World Bank, 2011
Remittances Inflows as a Share of Selected Financial Flows and GDP, 2009
Remittances flows constitute an important source of foreign exchange for developing economies. Comparing remittances to other
financial inflows displays the extent to which remittances contribute to a country's inflow of foreign exchange.
Gross Domestic Product
4%
Foreign Direct Investment
107%
Official Development
Assistance (Net)
773%
Merchandise Exports
31%
Commercial Services
Exports
34%
0%
Sources:
200%
400%
International Trade Statistics, World Trade Organization, 2010
World Development Indicators, World Bank, 2011
Remittances data, Development Prospects Group, World Bank, 2011
600%
800%
1000%
International Migration
Total immigrantsa
244,714
Total refugeesa
92,789
Total emigrantsa
3,739,100
Skilled emigration rate, tertiary educatedb
4.6%
Net migration per yearc
-69,000
a
Notes:
2010; b2000; c2005-2010
Sources: International Migrant Stock, 2009
World Population Prospects, 2010
Migration and Remittances Factbook, 2011
Selected Socioeconomic Indicators
Total populationa
Annual population growtha
Life expectancy at birtha
Infant mortality rate (per 1,000 live births)a
GDP per capita (purchasing power parity)b
GDP real growth rateb
Human Development Index Levelb
Human Development Index Rank (out of 169)b
a
Notes:
2011 estimates; b2010
Sources:
CIA World Factbook, 2011
82,079,636
1.96%
72.66
25.2
$6,200
5.3%
Medium
101
Human Development Report, 2010
Remittances and Migration by Continent
Remittances Inflows to Egypt
Percent of Egyptian Migrants
by Continent of Origin
by Continent of Destination
2%
13%
Africa
2%
7%
13%
10%
Asia
10%
Europe
13%
59%
Latin America &
Caribbean
71%
North America
Oceania
Notes:
Values are not displayed if they are less than 1 percent.
Source:
Human Development Report, 2009
Remittances Costs to Egypt from
Remittances Resources
UAE
Saudi Arabia
Agunias, Dovelyn Rannveig. Remittances and
Average cost of sending US$200
$7.61
$8.49
Development: Trends, Impacts, and Policy Options.
Company with lowest cost
Wall St ExchEnjaz Bank
Lowest cost
$5.35
Migration Policy Institute, 2006.
$4.10
Ratha, Dilip. Leveraging Remittances for Development.
Notes:
Corridor averages are unweighted and include
Migration Policy Institute, June 2007.
money transfer operators, banks and others.
Source:
Refers to the first quarter of 2011.
Ratha, Dilip, Sanket Mohapatra, and Ani Silwal.
The two least costly corridors are selected
Migration and Remittances Factbook 2011.
among those included in the World Bank study.
Washington, DC: The World Bank, 2010.
Remittances Prices, World Bank, 2011
Further readings on
For definitions, see
Copyright 2011 Migration Policy Institute
www.migrationpolicy.org/datahub
data@migrationpolicy.org
Migration and Development
our Remittances Glossary