The influence of remittances on macroeconomical figures in Ukraine

Abstract

During last ten years an increase of amount of the remittances, as well as its importance among the sources of foreign capital in the list of developing countries, is mentioned. The share of remittances in GDP of some countries grew so dramatically, that it caused the economical dependence from their labor emigrants. Ukraine is also involved in the international labor force migration processes. Ukraine is in the TOP-10 countries of origin of international labor migrants and in the TOP-10 of countries according to the amount of the received remittances (14,4 billion of U.S. dollars in 2018). From the 2009 the amount of remittances in Ukraine is larger than amount of the foreign direct investment. The interdependence between remittances and main macro economical figures in Ukraine during the period between 1997 and 2018 is analyzed in the paper.