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> One of their largest industries (up there with tourism) is remittance processing What percentage of El Salvador's GDP does remittance processing represent?
by lottin 4y ago
> One of their largest industries (up there with tourism) is remittance processing
What percentage of El Salvador's GDP does remittance processing represent?
- jimmydorry 4y agoAs I mentioned in my comment above (from the article) ~23%.
- lottin 4y agoSorry, I didn't see it. 23% of GDP is the value of the remittances that enter the country. This does not mean that remittance processing (which is an economic activity) represents 23% of GDP. Remittance processing is likely a tiny fraction of GDP, since it's a low value added activity.