Annual value of outgoing and incoming remittance flow in Qatar 2021, by country
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The value of remittances sent from Qatar to other countries in 2021 was over 14 times bigger than the value received from from abroad. 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 Qatar, the top five recipient countries for remittances in 2021 included India, Egypt, Pakistan, the Philippines, and Nepal.
