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Remittances 2020 (million $)

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Remittances by Country / Countries that Receive the Most Remittances 2024

Remittance is defined as a transfer of non-commercial money by a worker to a member or citizen with family ties in another country. The money is used as part of the family member’s household income to be used in the homeland. Remittance is a significant contributor to international capital flow between countries.

1. India

India is the first country for money received from workers abroad. More people work in other countries and send money home to family members in India than in any other country in the world. Over the past ten years, the amount of money sent home to India has increased every year. In 2012, $68.82 billion was sent home to India, compared to 2021, when $87 billion was sent to India.

2. China

Chinese citizens at home receive the second-largest amount of remittance. Unlike India, China’s amount has varied over the past ten years. In 2012, China received $57.99 billion, but in 2021, the rate was down to just $53 billion. China reached its peak remittance amount in 2019 when it received $70.3 billion from workers abroad.

3. Mexico

In Mexico, $53 billion was sent home to Mexican citizens in 2021. This number is a stark increase from ten years ago, when only $23.37 billion was sent home in 2012. The remittance amount in Mexico has increased every year, but the most drastic jump occurred between 2020 and 2021, when the dollar amount grew by over $10 billion.

4. Philippines

In 2021, $36 billion was sent to recipients in the Philippines in remittance. This amount is a drastic increase from 2012 when just $24.61 was sent to the Philippines. This country has seen a steady increase over the past ten years, with about $2 billion increases every year.

5. Egypt

Egypt is the first African country on our list of the highest remittance by country. This country received $33.3 billion in 2021. Although the remittance amount in Egypt is generally trending upwards, in both 2013 and 2016, this country went backward in total dollar amount. Between 2020 and 2021, Egypt saw a nearly $4 billion gain.

6. Nigeria

Another African country on our list, Nigeria, receives $18 billion in remittances each year as of 2021. This amount is a drastic decline from their all-time high in 2019 of $25.4 billion. Between 2012 and 2016, Nigeria saw a flat $20 billion in remittance without much fluctuation.

7. Pakistan

Pakistan falls in seventh place on our list of countries with the highest remittance. In 2021 Pakistan received $33 billion from workers abroad. While this is a shockingly high number for the 7th position on the list, years prior have been significantly lower. In 2012, Pakistan only received $14 billion. The increase in remittance only started to change in 2014, reaching $21 billion and increasing each year.

8. Bangladesh

Bangladesh received $23 billion in remittances in 2021. This country has seen a steady increase in the amount received for the past ten years. In 2012, Bangladesh received $14.24 billion.

Download Table Data

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Country
Remittances 2020 (million $)
Remittances 2021 (million $)
Remittances 2022 (million $)
India$77,379$82,977
Mexico$40,605$51,586
Egypt$29,603$31,487
Philippines$26,334$27,860
Pakistan$25,944$31,074$29,583
Bangladesh$21,693$22,112$21,401
Nigeria$17,002$19,241
Guatemala$11,305$15,280
Indonesia$9,424$9,164$9,715
Dominican Republic$8,219$10,403
Nepal$7,796$7,926$8,952
Morocco$7,414$10,705
Thailand$7,227$7,931
Sri Lanka$7,104
Colombia$6,909$8,597$9,429
South Korea$6,659$6,895$7,109
Lebanon$6,289$6,108
Russia$6,229$5,780
El Salvador$5,911$7,465
Honduras$5,573$7,184
Uzbekistan$5,542$6,865
Japan$4,706$5,085
Jordan$4,545$4,823
Ghana$4,292$4,168
China$4,162$5,368
Romania$3,922$4,581
Serbia$3,581$4,292$5,262
Ukraine$3,475$4,469
Haiti$3,455$4,196
Ecuador$3,338$4,362
Brazil$3,312$3,845$4,710
Poland$3,230$3,342
Kenya$3,108$3,770
Peru$2,939$3,592$3,724
Jamaica$2,905$3,497
United Kingdom$2,519$2,717
Kyrgyzstan$2,423$2,793
Italy$2,229$2,280
Croatia$2,100$2,427
Tunisia$1,871$2,475
Nicaragua$1,851$2,147
Zimbabwe$1,828
Algeria$1,580$1,617
Georgia$1,547$2,082
Bulgaria$1,506$1,382
Bosnia and Herzegovina$1,473$1,839$1,920
Albania$1,186$1,345
Bolivia$1,116$1,399
Azerbaijan$1,094$1,133
Uganda$1,062$1,083
Moldova$1,057$1,232
Cambodia$1,034$1,041
DR Congo$1,009$1,206
Armenia$941$1,140
Mali$929$1,057
Czech Republic$915$1,025
Lithuania$755$731
Afghanistan$722
Qatar$652$859
Tajikistan$649$867
Turkey$619$536$443
Iraq$597$789
Togo$594
Paraguay$584$585
Argentina$575$846
Latvia$547$734$772
Costa Rica$495$559
Cyprus$490$541
Madagascar$469$411
Hungary$467$505
Burkina Faso$466$509
Niger$441$259
Sudan$436$1,007
Belarus$429$545$697
New Zealand$428$661
Guyana$426$537
Sweden$413$414
Gambia$410$544
Ethiopia$404$448
Panama$398$513
Greece$382$429
North Macedonia$381$408$369
Kazakhstan$371$306
Belgium$366$727
Tanzania$313
Montenegro$302$400$457
Slovakia$296$292
France$290$263
Fiji$286$365
Mauritius$284$272
Austria$276$293
Rwanda$274$379
Mongolia$234$198
Malta$226$234
Comoros$223$284
Cape Verde$222$302$298
Malawi$213$239
Mozambique$209$278
Samoa$198$239
Ivory Coast$192$297
Trinidad and Tobago$192$229
Benin$189$209
Cameroon$184$297
Sierra Leone$173$229
Mauritania$169$13
Laos$162$138
Estonia$152$184$64
Tonga$142$179$182
Zambia$135$240$243
Palestine$125$153
Suriname$124$148$148
Netherlands$119$163
Belize$118$133
Uruguay$108$122
Luxembourg$104$82
Finland$87$90$80
Slovenia$86$93$83
Bhutan$82$72$95
Grenada$70$73
Saint Vincent and the Grenadines$62$69
Saint Lucia$56$63
Namibia$44$21
Iceland$43$54$62
Vanuatu$36$50
Aruba$30$32$33
Solomon Islands$22$33
Botswana$16$21
Angola$8$13$14
Seychelles$7$7
Kiribati$7$8
Sao Tome and Principe$7$8
Lesotho$5$5
Guinea$5$342
Republic of the Congo$3
Palau$1$1
Papua New Guinea$0$2
Tuvalu$0$0
showing: 137 rows

What 5 countries benefit the most from remittances?

Workers abroad send money back home in remittances. India, China, Mexico, the Philippines, and Egypt have the highest remittances sent to their citizens.

Frequently Asked Questions

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