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The Market for Remittance Services in the Czech Republic


Language: English
Provider: World Bank
Pages: 89

The survey shows that migrants in the Czech Republic remit an average of USD 353 per transaction, fi ve times per year. Respondents send on average 13 percent of their annual income. The average amount remitted per year is USD 1,808. Among the nationalities surveyed, Slovaks and Poles earn the highest annual income, followed by Russians, while Mongolians declared the lowest income. This is confi rmed by anecdotal evidence, as Slovak, Poles, and Russians are notoriously the wealthiest migrant communities in the Czech Republic and Mongolians are generally manual workers in the automotive or food industries. 

 

Chinese send the highest percentage of their income back home (30 percent), followed by Mongolians (22 percent). However, it was particularly challenging to obtain information on the annual income of Chinese migrants, as many of them refused to respond to this question;1 thus, the very high percentage of annual income remitted might be biased. Russians and Ukrainians are the ones remitting the lowest percentage of their income (respectively, 7 and 9 percent).

 

Transfers do not seem to vary by gender, as both men and women remit about the same portion of their income, even though the net amount remi

Economy | Czechia | November 16, 2010
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