Top remittance sending countries 2023

In 2023, the value of migrant remittances transferred from the United States to other countries amounted to 85.7 billion U.S. dollars. This makes the United States the country worldwide with the highest amount of migrant remittance outflows in that year.

Largest remittance countries worldwide in 2023, by estimated value of remittance outflow sent away from said country (in billion U.S. dollars)

Characteristic	Remittance outflow in billion U.S. dollars
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Release date

June 2024

More information

Region

Worldwide

Survey time period

June 2024

Special properties

The source adds that specific countries are considered "major offshore financial centers", which may or may not impact their remittance outflow; All figures are estimates, and have been based on the IMF's "Balance of Payments" content, which was then compared against the country's migrant stock. By definition, remittance data is incomplete.

Supplementary notes

The numbers provided have been calculated by Statista, using definitions of remittances set in BPM 6 - the Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual. The IMF used the following remittance definitions:

Personal remittances: The sum of "personal transfers", "compensation of employees" and "capital transfers between households";
Total remittances: The sum of "1. Personal remittances" with "social benefits";
Total remittances and transfers to Non-Profit Institutions Serving Households (NPISHs): The sum of "2. Total remittances" with "current transfers to NPISHs" and "capital transfers to NPISHs"

The categories of "personal transfers", "compensation of employees", "capital transfers between households", "social benefits", "current transfers to NPISHs" and "capital transfers to NPISHs" are all found in the IMF's Balance of Payments (BOP) database. Both the World Bank - and its KNOMAD department - adopted this IMF database in all their reportings on remittances.

Only the first two IMF categories - "personal transfers" and "compensation of employees" - are reported, though. All other categories are supplementary, meaning data is often not available or researched. This effectively means remittance data is incomplete - as it only covers (parts of) 1. Personal remittances.

Due to this lack of additional information, calculations on 1. Personal remittances and 2. Total remittances regularly lead to the same results. However, sources tend to write "total remittances" when the figures technically refer to "personal remittances". To avoid this confusion, Statista follows the BPM 6 wording of "personal remittances", unless a country does provide additional data that would lead to different figures that would be accounted for in "total remittances".

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