section_path: Economic impacts/Remittances
section_name: Remittances
paragraph_text: Remittances
  
  Remittances (funds transferred by migrant workers to their home country) form a substantial part of the economy of some countries. The top ten remittance recipients in 2018.
  
  In addition to economic impacts, migrants also make substantial contributions in sociocultural and civic-political life. Sociocultural contributions occur in the following areas of societies: food/cuisine, sport, music, art/culture, ideas and beliefs; civic-political contributions relate to participation in civic duties in the context of accepted authority of the State. It is in recognition of the importance of these remittances that the United Nations Sustainable Development Goal 10 targets to substantially reduce the transaction costs of migrants remittances to less than 3% by 2030.