Annual value of outgoing and incoming remittance flow in France 2021, by country
France was one of the few European countries in 2021 that received more remittances compared to the value of remittances that left the country. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For France, the top five recipient countries for remittances in 2021 included Belgium, Morocco, Spain, Portugal, and Algeria. France's five main sources for remittances were Spain, Belgium, the United States, Switzerland, and the UK.
