The biggest receivers of remittances in the world included India, Mexico, and China in 2023, with each country receiving several billions worth of dollars. This is according to a database that tries to model money sent internationally from one party to another. Remittances typically refer to money sent from migrant workers back home to family and friends, although there are other forms of this. Remittances can, for example, include pensioners who have a second home in a foreign country. Nevertheless, Asia Pacific is often referred to as the main receiver of remittances.
Largest remittance countries worldwide in 2023, by estimated value of remittance inflow towards said country
(in billion U.S. dollars)
Characteristic
Remittance inflow in billion U.S. dollars
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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.
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KNOMAD, & World Bank. (June 30, 2024). Largest remittance countries worldwide in 2023, by estimated value of remittance inflow towards said country (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/962827/leading-remittance-receiving-countries/
KNOMAD, und World Bank. "Largest remittance countries worldwide in 2023, by estimated value of remittance inflow towards said country (in billion U.S. dollars) ." Chart. June 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/962827/leading-remittance-receiving-countries/
KNOMAD, World Bank. (2024). Largest remittance countries worldwide in 2023, by estimated value of remittance inflow towards said country (in billion U.S. dollars) . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/962827/leading-remittance-receiving-countries/
KNOMAD, and World Bank. "Largest Remittance Countries Worldwide in 2023, by Estimated Value of Remittance Inflow towards Said Country (in Billion U.S. Dollars) ." Statista, Statista Inc., 30 Jun 2024, https://www.statista.com/statistics/962827/leading-remittance-receiving-countries/
KNOMAD & World Bank, Largest remittance countries worldwide in 2023, by estimated value of remittance inflow towards said country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/962827/leading-remittance-receiving-countries/ (last visited July 22, 2024)
Largest remittance countries worldwide in 2023, by estimated value of remittance inflow towards said country (in billion U.S. dollars) [Graph], KNOMAD, & World Bank, June 30, 2024. [Online]. Available: https://www.statista.com/statistics/962827/leading-remittance-receiving-countries/