India, China, and Pakistan accounted for a combined 80 percent of the total inflow of remittance-receiving countries in Asia bar Southeast Asia in 2021. Remittances received by the eight 12 countries and territories in this region were worth roughly 157 billion U.S. dollars, with more than half of this money originating from the Middle East. 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. Southeast Asia's outflow largely stayed within Asia, especially within both Southeast Asia itself and South Asia - which includes India.
Top remittance receiving countries and territories in Asia-Pacific except for Southeast Asia, inflow by sending region in 2021
(in million U.S. dollars)
Receiving territory
Total
Share of total inflow in South Asia, East Asia, Australia and Oceania (%)
Afghanistan, Australia, Bangladesh, Bhutan, Sri Lanka, China, Hong Kong, India, Japan, South Korea, Macau, Mongolia, Nepal, New Zealand, Pakistan, Papua New Guinea, Tonga
Survey time period
December 2022
Special properties
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
Regional figures were collected and calculated by Statista.
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). Top remittance receiving countries and territories in Asia-Pacific except for Southeast Asia, inflow by sending region in 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1382966/top-remittance-inflow-countries-in-south-asia/
Statista. "Top remittance receiving countries and territories in Asia-Pacific except for Southeast Asia, inflow by sending region in 2021 (in million U.S. dollars)." Chart. December 17, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1382966/top-remittance-inflow-countries-in-south-asia/
Statista. (2022). Top remittance receiving countries and territories in Asia-Pacific except for Southeast Asia, inflow by sending region in 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1382966/top-remittance-inflow-countries-in-south-asia/
Statista. "Top Remittance Receiving Countries and Territories in Asia-pacific except for Southeast Asia, Inflow by Sending Region in 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 17 Dec 2022, https://www.statista.com/statistics/1382966/top-remittance-inflow-countries-in-south-asia/
Statista, Top remittance receiving countries and territories in Asia-Pacific except for Southeast Asia, inflow by sending region in 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1382966/top-remittance-inflow-countries-in-south-asia/ (last visited November 21, 2024)
Top remittance receiving countries and territories in Asia-Pacific except for Southeast Asia, inflow by sending region in 2021 (in million U.S. dollars) [Graph], Statista, December 17, 2022. [Online]. Available: https://www.statista.com/statistics/1382966/top-remittance-inflow-countries-in-south-asia/
