Remittances inflow value worldwide 2014-2023, with forecasts for 2024 and 2025
Remittance are forecast to grow in the years following 2023, and are expected to pick again after a growth decline. In 2023, the value of remittances worldwide amounted to an estimated 883 billion U.S. dollars. This is expected to reach 913 billion U.S. dollars by 2025. Remittances grew especially during the coronavirus pandemic, when the year-on-year percentage change went up by more than 10 percent between 2020 and 2021. Historical data on the global remittance market size, however, reveals this was not the largest increase.
