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Thread: The Power of Remittances
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17th April 2015 #4The Philippines is one of the rare countries in the world where a significant proportion of the country’s GDP comes from remittances from citizens living and working abroad.
For starters,OFW cash remittances are NOT included in GDP figures..
When they say "a significant figure" what does that mean in % terms when calculated against the total GDP of the R.P?
OFW cash is more than welcome dont get me wrong..25 $$$ Billion a year cant be bad for ANY economy but lets get things in proportion..
The good thing about OFW cash is that most of it goes directly to Filipino`s that are not Politicians!
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