STD/PASS/TAGS
STD/SES/TAGS – –Trade
Tradeand
andGlobalisation
GlobalisationStatistics
Statistics
Agenda
Item 6.2
Bilateral data on remittances
for OECD countries
Fabiana Cerasa
OECD Statistics Directorate
…, STD/SES/TAGS; 2nd WPTGS Meeting 16.-18.11.2009, Paris
STD/SES/TAGS – Trade and Globalisation Statistics
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
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STD/SES/TAGS – Trade and Globalisation Statistics
Ad-hoc questionnaire (1)
• OECD asked MCs to provide data on:
WR
CoE
Net CoE
World
vis-à-vis
3 major partners
for years 2005-2006-2007
Personal remittances: a+b+c
a: Personal
transfers
(part of secondary income)
Source: BPM6
b: Net CoE
(CoE minus taxes & social
contrib, transport & travel)
c: Capital
transfers
between HHs
3
STD/SES/TAGS – Trade and Globalisation Statistics
Ad-hoc questionnaire (2)
• Questionnaire sent by OECD to OECDnonEU countries
• Eurostat source used for the others
• In total:
2 countries (7%)
21 countries (70%)
7 countries (23%)
only data vis-à-vis WRD
data vis-à-vis WRD + bilateral
no data
4
STD/SES/TAGS – Trade and Globalisation Statistics
WR Outflows
bn USD
2005
2006
World
100
117
OECD
68
78
%
68
66
Source: OECD, IMF BOPS and Eurostat.
5
STD/SES/TAGS – Trade and Globalisation Statistics
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 PRT 1
Source: Eurostat
to ROU 0.98
6
STD/SES/TAGS – Trade and Globalisation Statistics
WR Inflows
bn USD
2005
2006
World
153
181
OECD
40
46
%
26
25
Source: OECD, IMF BOPS and Eurostat
7
STD/SES/TAGS – Trade and Globalisation Statistics
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
8
STD/SES/TAGS – Trade and Globalisation Statistics
CoE Outflows
bn USD
2005
2006
World
85
OECD
60
%
70
95
65
68
Source: OECD, IMF BOPS and Eurostat
9
STD/SES/TAGS – Trade and Globalisation Statistics
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
from LUX to FRA 3.42
Source: Eurostat and OECD
to SVK 1.14
to FRA 2.25
10
STD/SES/TAGS – Trade and Globalisation Statistics
COE Inflows
bn USD
2005
2006
World
76
OECD
54
%
71
83
57
70
Source: OECD, IMF BOPS and Eurostat
11
STD/SES/TAGS – Trade and Globalisation Statistics
from US 0.66
from LUX to BEL 2.04
from LUX 2.36
from NLD 0.89
from LUX 1.75
from DEU 2.33
from CHE 1.85
from CHE 5.13
Source: Eurostat and OECD
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STD/SES/TAGS – Trade and Globalisation Statistics
International initiatives:
the launch of the RCG (1)
RCG published in June 2009
• addresses the need for practical compilation
guidance, supporting data compilers
• acknowledges
circumstances:
the
different
country
constraints
capabilities
characteristics
13
STD/SES/TAGS – Trade and Globalisation Statistics
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
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STD/SES/TAGS – Trade and Globalisation Statistics
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?
15