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Sun 30 Nov 2014 12:18 PM

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Remittances from Qatar out-pace population growth by 20 times

Gov’t statistics show remittances from the Gulf state increased six-fold between 2008-2013, while the number of expats grew by 31%

Remittances from Qatar out-pace population growth by 20 times

The total value of remittances from expats in Qatar increased six-fold between 2008 and 2013, 20 times the rate of population growth, according to recently released government figures published in The Peninsula.

Foreign workers transferred QAR40.55bn ($11.13bn) in 2013, compared to QAR9.54bn ($5.4bn) in 2008.

During the same period, the expat population grew from 1.55 million to 2.04 million.

The rate of remittances growth appears to have stabilised in 2014, with QAR9.79bn transferred during the first six months of the year, the Ministry of Development Planning and Statistics show. There are now 2.21 million expats in the country.

Remittances from Gulf states, where foreign workers account for significant proportions of the population, are a key income source for many labour exporting countries in southern Asia and Africa.

International migrants from developing countries are expected to send $436 billion in remittances to their home countries this year, despite an increase in deportations from some host countries, the World Bank said in its annual report on the issue in April.

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