Romania ranks eighth in terms of remittances worldwide

The countries that top the remittances ranking are India, with $03 billion, China, with €27 bln, and Mexico, with €23.8 bln.
In the first nine months of 2008, current transfers to Romania amounted to €6.69 bln, 24.9 percent higher year-on-year, according to data released by Romania's National Bank (BNR). 

Romania's gross domestic product (GDP) for 2008 is estimated at €139 billion. Thus, remittances foreseen by WB are 5 percent of the GDP. 

A slowdown in remittance flows to countries such as India and Mexico, where remittance inflows are large in dollar terms ($30 billion and $24 billion respectively) but small as a share of GDP, can affect a large number of remittance recipient households. 
Remittance receiving households in several other large countries such as the Bangladesh, Morocco, Nigeria, Romania and the Philippines—which received between $7 billion and $16 billion (between 6 and 12 percent of GDP in 2007—are similarly vulnerable, the report states.