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A potential data source(s) has been identified however further analysis is needed to ensure the data are suitable for reporting and is comparable to the globally agreed methodology for this UN SDG Indicator.

Volume of remittances

As per the IAEG-SDG methodology, the volume of personal remittances data are sourced from IMF’s Balance of Payments Statistics database and then gap-filled with World Bank staff estimates. GDP data, sourced from the World Bank’s World Development Indicators (WDI) database is used as the denominator. GDP data collection is conducted from national and international sources through an annual survey of economists in the Bank’s country office network – the World Bank’s principal mechanism for gathering quantitative macroeconomic information on its member countries.