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Written question asked by Lord Jones (Labour) on Monday, 24 January 2022, in the House of Lords. It was due for an answer on Monday, 7 February 2022. It was answered by Baroness Penn (Conservative) on Monday, 7 February 2022 on behalf of the Treasury.


Remittances

Question

To ask Her Majesty's Government what estimate they have made of the amount of annual remittances sent abroad for the years (1) 2015, (2) 2020, and (3) 2021.

Answer

The Office for National Statistics (ONS) do not publish estimates of remittance flows as part of their Balance of Payments publications. No other estimates of Balance of Payments components are made beyond the official statistics as provided by the ONS.

The World Bank estimates that remittance flows out of the UK were $10.7bn in 2015 and $9.3bn in 2020, with the estimate for 2021 yet to be released.


Secondary information

Type
Written question
Reference
HL5631
Session
2021-22
Subjects
Remittances
Contains statistics
Yes
Link
View this Written question on www.parliament.uk