OREANDA-NEWS. January 17, 2014. This was stated in World Bank’s newly-released Global Economic Prospects (GEP) report. Remittances sent by labour migrants to Moldova make up 24.1% of GDP of the country, GEP says.

They are higher only in Tajikistan and Kyrgyzstan, making 48% and 31% of their GDPs respectively. Moldova is followed by Armenia, Georgia, Bosnia and Herzegovina, Monte Negro, Serbia, Albania and Ukraine. Over 11 months of 2013 remittances sent from abroad to Moldovans via commercial banks increased 7% to USD1 billion 454.32 million, InfoMarket reported earlier.

The biggest receipts to Moldova come from Russia and Italy. The all-time peak of remittances to Moldova made in favour of individuals via commercial banks was recorded in 2008, when the sum amounted to USD 1 billion 660.09 million within the year.