GCC Accounts for 48% of Whole Remittances to Lebanon

Remittances proceed to function an important supply of help for the Lebanese financial system and Lebanese households as they quantity roughly $6 to $7 billion per 12 months. Regardless of the COVID disaster and the worldwide recession previously years, remittances saved flowing from expats in help of their households, making Lebanon the third-highest recipient of remittances when it comes to worth within the MENA area, preceded solely by Morocco and Egypt.

So the place’s that cash coming from?

Lebanese diaspora is unfold all around the world however in response to the most recent UNDP report, 48% originate from the GCC (Gulf international locations), adopted by North American (16%), Western Europe (14%), Africa (14%), Australia (3%), Latin
America (3%), and lastly Japanese Europe (2%).

The identical report lists the variety of Lebanese emigrants by nation, with 353,886 Lebanese in Arab Nations, 200,595 emigrants in North America, 186,057 in Europe and 140,000 in different international locations. It’s price noting greater than 100,000 individuals emigrated out of Lebanon previously three years alone, which is a staggering quantity.

You may learn the total report [here].

If you wish to be taught the spoken Arabic language, then head to the Lebanese Arabic Accelerator to be taught extra! Lebanese Arabic Accelerator

You might also like

Leave a Reply

Your email address will not be published. Required fields are marked *