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Sandwiched between Guatemala and the Philippines, Ukraine has the world’s second most dependent economy on remittances from overseas workers

Tuesday, August 4, 2020
Sandwiched between Guatemala and the Philippines, Ukraine has the world’s second most dependent economy on remittances from overseas workers

Sandwiched between Guatemala and the Philippines, Ukraine has the world’s second most dependent economy on remittances from overseas workers, The Wall Street Journal reports, citing World Bank statistics. In a recent story headlined Developing World Loses Billions in Money From Migrant Workers, the Journal reports the remittances last year accounted for 11% of Ukraine’s economy, compared to 13% for Guatemala and 10% for the Philippines.

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