{ "docId": "019dd923-5de0-76bd-a169-d5b968a97aed", "docSlug": "c5d9aae4a46e4215", "documentTitle": "Roland Berger Trend Compendium 2030: Megatrend 1 People & Society", "authorId": "RolandBerger", "authorName": "Roland Berger", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 29, "pageCount": 75, "prevPage": 28, "nextPage": 30, "slideType": "industry_trends", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 48, "notes": "The slide uses a stacked bar chart to show historical growth and two bar charts to show top recipients by GDP share and absolute volume.", "elementsJson": [ "bar_chart_stacked", "bar_chart_vertical", "callout_box" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5de0-76bd-a169-d5b968a97aed/29", "deckHref": "/decks/019dd923-5de0-76bd-a169-d5b968a97aed", "deckJsonHref": "/decks/019dd923-5de0-76bd-a169-d5b968a97aed.json", "deckAnchorHref": "/decks/019dd923-5de0-76bd-a169-d5b968a97aed#slide-29", "components": [ { "bbox": null, "kind": "callout", "text": "Two-way flow: International labor migrants often remit a share of their earnings to low- and middle-income countries (LMIC) for familial support and thus lifting income per capita in the origin countries while partly offsetting the negative emigration effects of shrinking labor force and brain drain.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-3bec-75b0-b8c4-fb3dc46ef9a9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.65, "w": 0.35, "x": 0.16, "y": 0.18 }, "kind": "chart", "text": "Development of global remittance flows from 2016 to 2023f", "attrs": null, "subkind": "bar-stacked", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "abe73a19-d4da-4828-afa7-a90870b4f313", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.2, "x": 0.52, "y": 0.6 }, "kind": "chart", "text": "Top remittance recipients among LMIC countries 2022 (By USD bn)", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b6fb3b57-299f-43c0-9665-5093a5d22bbc", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.3, "w": 0.2, "x": 0.52, "y": 0.25 }, "kind": "chart", "text": "Top remittance recipients among LMIC countries 2022 (By % of GDP)", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ee87d8d2-6a92-4c2d-96bf-fb6f7b9026c7", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "Global remittance flows: 657", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd952-3bec-75b0-b8c4-fea9db3e7c6b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.23, "x": 0.75, "y": 0.18 }, "kind": "paragraph", "text": "Two-way flow: International labor migrants often remit a share of their earnings to low- and middle-income countries (LMIC) for familial support and thus lifting income per capita in the origin countries while partly offsetting the negative emigration effects of shrinking labor force and brain drain.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6cc04e49-f7c6-4e46-ba13-7953c9b86d92", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.23, "x": 0.75, "y": 0.35 }, "kind": "paragraph", "text": "In line with growing migration flows, global remittances to LMICs have risen notably over the past years. This trend continued in 2022, reaching a new high of USD 647 bn (+8.0% yoy). The oil boom in the Gulf nations, the strong labor market in OECD countries, and large money outflows from Russia acted as primary drivers.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "91e9d9c2-e25e-4b3d-9cee-bd8f80e3a9e8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.23, "x": 0.75, "y": 0.7 }, "kind": "paragraph", "text": "Owing to the observed slowdown of growth in major economies, labor migrants' wage gain is likely to be limited this year. Consequently, global remittance growth is expected to slow to 1.4% in 2023, to USD 657 bn", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a5aa8911-2b1d-4c92-ab78-a2aa5628bc2e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.23, "x": 0.75, "y": 0.52 }, "kind": "paragraph", "text": "Historically, remittances have been a more important source of external financing to LMICs than FDI or official development assistance (ODA). This overdependence has intensified during and after COVID-19: For countries such as Tajikistan (51%), Tonga (44%), and Lebanon (36%), remittances accounted for a substantial share of their national GDP in 2022.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f4abcfdc-83d6-4410-bc04-3d8e4bf0aba5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.5, "x": 0.16, "y": 0.95 }, "kind": "source-note", "text": "1) Estimated flows to LMICs only, based on IMF data; excludes informal money transfers. Source: ILO based on UN/DESA; World Bank based on IMF; Roland Berger", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "47f50679-0e09-4e34-b779-257beba7752c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.78, "x": 0.16, "y": 0.04 }, "kind": "title", "text": "Labor migration is not only beneficial for host countries - Remittances represent an important source of external financing for nations of origin", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b0867cbd-96d4-4c7b-bd3f-a142633c6567", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Quantification", "slug": "quantification", "agent": null, "layer": "slide", "matchId": "8993aa65-21da-4614-add7-073c4b7b320d", "evidence": "Global remittance flows: 657", "confidence": 0.8 } ], "frameworks": [], "arcBeats": [ { "to": 30, "from": 21, "beatId": "84ab553d-f6de-408f-8a25-cf5bc3aaaf7f", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Diagnosis", "beatSlug": null, "evidence": "The document analyzes the implications of these trends and identifies key challenges and opportunities.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }