Statistics Canada and Official Development Assistance

official development assistance: To put that number in context, consider that the Organization for Economic Co-operation and Development reports that in the same year, the total foreign aid known as official development assistance paid out by 25 of its member states in other words, most of the worlds most affluent countries totalled $125.6-billion , according to Globe and Mail. Canadians are significant contributors to these remittance flows, a fact that should not be surprising given that one in five of Canadians 20.6 per cent in 2011, according to Statistics Canada were born elsewhere. According to the World Bank, $23.9-billion in remittances flowed from Canada to other countries in 2012. The top destinations for remittances from Canada were China $3.9-billion , India $3.5-billion , and the Philippines $2-billion . By comparison, Canadas official development assistance as defined and captured by the in 2012 was about $5.6-billion and Recent numbers from the World Bank remind us that the worldwide flow of remittances the money immigrants send back to their countries of origin is astounding. In all, international migrants were responsible for the movement of an estimated U.S. $529-billion in 2012. Although the World Bank and numbers capture different things and are not directly comparable, they hint at the magnitude of personal transfers as compared to official transfers, with individuals collectively sending about four times more money overseas than governments. (www.immigrantscanada.com). As reported in the news.