Outbound remittances from Australia far outweighed incoming remittances in 2021, as most remittances went from Australia towards India in 2021. This is according to a ranking that attempts to map out the flow of such money transfers. 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 Australia, the top five recipient countries for remittances in 2021 included India, China, the Philippines, Vietnam, and the United Kingdom. Australia's five main sources for remittances were the United Kingdom, the United States, New Zealand, Canada, and Greece.
Value of remittances sent from/to Australia to/from other countries or territories worldwide in 2021
(in million U.S. dollars)
Destination territory/territory of origin
Remittances sent from Australia
Remittances received in Australia
Net balance in Australia (remittances received minus remittances sent)
Remittance figures have a publication delay. Numbers cover 2021, but were reported in late 2022. As of November 2024, it is unclear when numbers will update - as the KNOMAD program also has been discontinued; All numbers are in current (nominal) U.S. dollars; See the "Details" tab for more information on the source methodology.
Supplementary notes
The source adds the following information:
No numbers are available for Venezuela;
Due to political and economic situations, the flows between certain countries was considered to be 0 (zero). These countries included: India and Pakistan (and vice versa), Lebanon and Israel (and vice versa), and Azerbaijan and Armenia (and vice versa);
The source emphasizes several times that the numbers provided are estimates, as the data suffers from several issues. These relate to, for example, the frequency of migrant data updating per country, the lack of data on informal money transfers or the possibility of retirees moving abroad but then withdrawing savings from their country of origin.
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Statista. (December 17, 2022). Value of remittances sent from/to Australia to/from other countries or territories worldwide in 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/statistics/1382715/bilateral-remittances-australia/
Statista. "Value of remittances sent from/to Australia to/from other countries or territories worldwide in 2021 (in million U.S. dollars)." Chart. December 17, 2022. Statista. Accessed December 05, 2024. https://www.statista.com/statistics/1382715/bilateral-remittances-australia/
Statista. (2022). Value of remittances sent from/to Australia to/from other countries or territories worldwide in 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/statistics/1382715/bilateral-remittances-australia/
Statista. "Value of Remittances Sent From/to Australia To/from Other Countries or Territories Worldwide in 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 17 Dec 2022, https://www.statista.com/statistics/1382715/bilateral-remittances-australia/
Statista, Value of remittances sent from/to Australia to/from other countries or territories worldwide in 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1382715/bilateral-remittances-australia/ (last visited December 05, 2024)
Value of remittances sent from/to Australia to/from other countries or territories worldwide in 2021 (in million U.S. dollars) [Graph], Statista, December 17, 2022. [Online]. Available: https://www.statista.com/statistics/1382715/bilateral-remittances-australia/
