Remittances between the United States and Mexico were over twice as large in value as the second-biggest corridor, which was in Asia. This is according to a Statista ranking, using a table that tried to map out migrant remittance flows between individual countries. Multiple countries across the world received remittances worth more than three percent of their GDP in 2022. That said, it should be stressed that remittance figures are not without their flaws. First, the numbers shown here are based on migrant stock. This is a difficult topic to track for certain countries, but also potentially excludes other types of remittances - such as pensions or illegal remittances. Two, the figures essentially assume that every migrant will send the difference of per capita income in PPP terms back home to the country of origin. The source acknowledges this is a rough proxy, potentially leading to over- or undervaluing any estimates.
Most popular remittance corridors worldwide in 2021
(in million U.S. dollars)
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 were 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). Most popular remittance corridors worldwide in 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1462657/biggest-remittance-corridors-in-the-world/
Statista. "Most popular remittance corridors worldwide in 2021 (in million U.S. dollars)." Chart. December 17, 2022. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1462657/biggest-remittance-corridors-in-the-world/
Statista. (2022). Most popular remittance corridors worldwide in 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1462657/biggest-remittance-corridors-in-the-world/
Statista. "Most Popular Remittance Corridors Worldwide in 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 17 Dec 2022, https://www.statista.com/statistics/1462657/biggest-remittance-corridors-in-the-world/
Statista, Most popular remittance corridors worldwide in 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1462657/biggest-remittance-corridors-in-the-world/ (last visited December 03, 2024)
Most popular remittance corridors worldwide in 2021 (in million U.S. dollars) [Graph], Statista, December 17, 2022. [Online]. Available: https://www.statista.com/statistics/1462657/biggest-remittance-corridors-in-the-world/
