Remittance statistics for 2022

Find out the data on which countries send and receive the most money abroad.

4.7 based on 827 reviews

Key takeaways

  • Australia sent over $6.3 billion in remittances in 2022, receiving significantly less at $1.2 billion.
  • India received the most remittances at $111 billion in 2022, making it a key global recipient.
  • Compare money transfer services as they often charge lower fees (average 6.2%) than banks (10.8%).
Australia sent $6,350 million in remittances in 2022, while it received just $1,298 million. We've unpacked the most recently available data from the World Bank to get an idea of which countries are sending and receiving the most remittances. Figures are in US dollars.

Key statistics

  • Global inward remittances amounted to US$831,103 million in 2022.
  • Australia sent US$6,350 million in remittances in 2022, an increase from US$3,812 million in 2021.
  • Meanwhile Australia received US$1,298 million in remittances in 2022, an increase from US$936 million in 2021.
  • India received the most remittances at US$111,222 million, while the United States sent the most at US$79,153 million.

What does remittance mean?

Remittance refers to the transfer of money. In this case, it's about transferring funds from someone in one country to a person in another country. It's particularly important in many developing nations, where international remittances make up a significant portion of the country's GDP. The total value of remittances received around the world has increased significantly over the past 2 decades.

Global remittance inflows (US$ million) over time

Global remittance inflows (US$ million) over time
Migrant remittance inflows (US$ million)Low-and Middle-Income CountriesWorld
200070734117547
200179690128647
200294554152486
2003117934186660
2004135885215981
2005191499284061
2006224581327331
2007273325394733
2008319666458583
2009303531434515
2010339002470037
2011382188527309
2012402615545825
2013421240580561
2014442064608328
2015441421596214
2016434910590439
2017475165640304
2018521550695443
2019547554726936
2020541662716885
2021599342791114
2022647193831103
2023669300860263

Remittances to and from Australia

Australia sent a total of $6,350 million in remittances in 2022, which is higher than the $3,812 million sent in 2021 and $4,423 million in 2020.

On the other hand, Australia received a total of $1,298 million remittances in 2022. This is an increase from $936 million in 2021 and $1,197 in 2020.

Annual remittances to and from Australia, in US$ million

Annual remittances to and from Australia, in US$ million
YearInward remittancesOutward remittances
2000518869
2001487855
2002466991
20036521381
20048251609
20059401531
200610152051
200713422981
200815263366
200913353224
201018644655
201124496598
201224057084
201324427254
201423306953
201521756038
201620576179
201720026793
201818687268
201917637438
202011974423
20219363812
202212986350

Countries whose GDPs depend on money transfers

Countries that are classed as "developing nations" saw migrant remittance inflows making up a solid percentage of their GDP in 2022. In countries such as Tajikistan, migrant remittance inflows were responsible for more than half (51%) of 2022 GDP. Rounding out the top 5 countries reliant on migrant remittance inflows were Tonga (44%), Lebanon (36%), Samoa (34%) and Kyrgyz Republic (31%).

Top 10 countries most reliant on migrant remittances

Top 10 countries most reliant on migrant remittances
CountryRemittances as a share of GDP
Tajikistan51
Tonga44
Lebanon36
Samoa34
Kyrgyz Republic31
Gambia, The29
Honduras27
El Salvador24
Nepal23
Jamaica23

Which country is sending the most money?

Where is all that money coming from? Of all the countries that are sending money overseas, the US sends by far the most offshore, with $79,153 million being sent in 2022.

The United States was followed by Saudi Arabia ($39,349 million), Switzerland ($31,906 million), Germany ($25,599 million) and China ($18,256 million) to round out the top 5 countries sending money abroad.

Top 10 countries sending the most money abroad (US$ million)

Top 10 countries sending the most money abroad (US$ million)
Country2022
United States of America79153
Saudi Arabia39349
Switzerland31906
Germany25599
China18256
Kuwait17744
Luxembourg15506
Netherlands15411
France14440
Qatar12286
2022 Global remittance outflows, by country
RankCountryUS$ in millions
1United States of America79153
2Saudi Arabia39349
3Switzerland31906
4Germany25599
5China18256
6Kuwait17744
7Luxembourg15506
8Netherlands15411
9France14440
10Qatar12286
11Italy11586
12Poland10835
13United Kingdom10768
14India10089
15Malaysia8948
16Canada8312
17Republic of Korea8301
18Belgium7784
19Thailand7638
20Israel7283
21Australia6350
22Russian Federation5804
23Indonesia4636
24Japan4522
25Norway4509
26Czech Republic3946
27Denmark3819
28Sweden3668
29Greece2937
30Kazakhstan2366
31Brazil2238
32Ukraine2036
33Hungary1182
34Mexico1131
35South Africa1012
36Finland994
37Romania960
38Dominican Republic955
39Hong Kong, SAR901
40New Zealand890
41Cyprus823
42Azerbaijan812
43Turkey731
44Mauritius724
45Ireland695
46Chile676
47Latvia653
48Malta642
49Ecuador637
50Uzbekistan625
51Armenia604
52Croatia601
53Serbia595
54Argentina591
55Lithuania568
56Costa Rica566
57Maldives557
58Angola518
59Slovak Republic517
60Moldova484
61Colombia419
62Spain405
63Iceland386
64Jamaica363
65Slovenia341
66Honduras339
67Bolivia319
68Cambodia302
69Estonia294
70El Salvador276
71Sudan247
72Belarus236
73Tajikistan224
74Pakistan208
75Philippines189
76Bulgaria188
77Peru187
78Mozambique179
79Morocco153
80Albania149
81Bangladesh137
82Zambia131
83Mongolia129
84Uruguay127
85Montenegro123
86Aruba108
87Suriname107
88Bosnia and Herzegovina102
89Rwanda92
90Nigeria82
91Algeria82
92Namibia78
93Paraguay65
94Kosovo61
95Solomon Islands59
96Belize41
97Nepal40
98Bhutan34
99Cape Verde30
100Tonga28
101Samoa27
102North Macedonia22
103Fiji14
104West Bank and Gaza9
105Nicaragua2

Which country is receiving the most money?

As far as where that money is being sent, India tops the list for countries receiving remittances at $111,222 million.

India was followed by Mexico ($61,100 million), China ($51,000 million), the Philippines ($38,049 million) and France ($30,044 million) to round out the top 5 countries receiving money from abroad.

Top 10 countries receiving the most money abroad (US$ million)

Top 10 countries receiving the most money abroad (US$ million)
Country2022
India111222
Mexico61100
China51000
Philippines38049
France30044
Pakistan29871
Arab Republic of Egypt28333
Bangladesh21504
Nigeria20128
Germany19288
2022 Global inward remittances, by country
RankCountryUS$ in millions
1India111222
2Mexico61100
3China51000
4Philippines38049
5France30044
6Pakistan29871
7Arab Republic of Egypt28333
8Bangladesh21504
9Nigeria20128
10Germany19288
11Guatemala18177
12Ukraine17093
13Uzbekistan16736
14Belgium13438
15Vietnam13151
16Morocco11168
17Italy10530
18Portugal10296
19Dominican Republic10278
20Indonesia9960
21Colombia9440
22Thailand9335
23Nepal9293
24Spain9254
25Romania8660
26Honduras8485
27Republic of Korea7825
28El Salvador7693
29Russian Federation7500
30United States of America7079
31Lebanon6449
32Poland6399
33Israel6143
34Serbia5601
35Croatia5392
36Japan5384
37Tajikistan5346
38Jordan5000
39Brazil4969
40Ecuador4748
41Ghana4664
42Haiti4532
43Czech Republic4153
44Kenya4091
45West Bank and Gaza4079
46Azerbaijan3950
47United Kingdom3877
48Georgia3854
49Sri Lanka3818
50Republic of Yemen3771
51Peru3708
52Jamaica3688
53Hungary3589
54Sweden3521
55Nicaragua3227
56Tunisia3092
57Zimbabwe3085
58Kyrgyz Republic3051
59Austria2888
60Switzerland2620
61Cambodia2616
62Senegal2500
63Bosnia and Herzegovina2466
64Netherlands2370
65Luxembourg2208
66Slovak Republic2147
67Moldova2037
68Armenia2035
69Bulgaria2033
70Myanmar1900
71Bermuda1800
72Algeria1760
73Albania1745
74Somalia1735
75Democratic Republic of Congo1664
76Malaysia1640
77Kosovo1613
78Sudan1499
79Belarus1465
80Bolivia1459
81Latvia1333
82Australia1298
83Uganda1270
84Argentina1258
85Denmark1250
86South Sudan1187
87Mali1131
88Qatar1032
89South Africa873
90Canada860
91Montenegro830
92Lithuania736
93Tanzania698
94Turkey694
95Slovenia688
96New Zealand677
97Togo650
98Norway629
99Iraq624
100Costa Rica621
101New Caledonia621
102The Gambia615
103Greece601
104Finland594
105Paraguay592
106Burkina Faso589
107French Polynesia582
108Lesotho576
109Guyana540
110Guinea538
111Cyprus520
112Panama519
113Niger500
114Kazakhstan481
115Rwanda474
116Estonia470
117Fiji459
118North Macedonia456
119Madagascar440
120Ireland436
121Hong Kong, SAR414
122Mongolia399
123Cameroon365
124Côte d'Ivoire360
125Afghanistan350
126Liberia346
127Ethiopia327
128Cape Verde313
129Mozambique303
130Saudi Arabia287
131Samoa280
132Mauritius274
133Comoros260
134Malawi259
135Zambia243
136Sierra Leone232
137Benin231
138Malta226
139Tonga217
140Trinidad and Tobago202
141Lao People's Democratic Republic198
142Iceland193
143Timor-Leste185
144Guinea-Bissau178
145Faeroe Islands158
146Vanuatu150
147Suriname148
148Belize142
149Curacao125
150Uruguay125
151Eswatini120
152Bhutan96
153Barbados85
154Solomon Islands81
155Saint Vincent and the Grenadines70
156Chile69
157Grenada69
158Botswana58
159Djibouti55
160Saint Lucia55
161Namibia54
162Dominica52
163Mauritania50
164Sint Maarten (Dutch part)49
165Burundi48
166Oman39
167Aruba38
168Antigua and Barbuda35
169Saint Kitts and Nevis33
170Marshall Islands30
171Federated States of Micronesia23
172Kuwait22
173San Marino21
174Gabon18
175Macau, SAR17
176Kiribati15
177Angola14
178Seychelles11
179Cayman Islands9
180Sao Tome and Principe8
181Maldives5
182Papua New Guinea3
183Tuvalu3
184Palau2
185Brunei Darussalam1
186Libya0
187Singapore0
188Syrian Arab Republic0
189Turkmenistan0
190Turks and Caicos Islands0
191R. B. de Venezuela0

Which countries are receiving more than they're sending?

With $111,222 million received in remittances (inward) and just $10,089 million sent (outward), India has the top net remittance of $101,133 million in 2022. Rounding off the top 5 markets are the Mexico ($59,969 million), Philippines ($37,860 million), China ($32,744 million) and Pakistan ($29,663 million).

On the other end of the spectrum is the United States, with a 2022 net remittance of -$72,074 million – meaning they're sending more money in remittances than they received. The United States is followed by Saudi Arabia (-$39,062 million), Switzerland (-$29,286 million), Kuwait (-$17,722) and Luxembourg (-$13,298 million).

Top 10 countries in terms of net inward remittances

Top 10 countries in terms of net inward remittances
CountryInwardOutward
India111,22210,089
Mexico61,1001,131
Philippines38,049189
China51,00018,256
Pakistan29,871208
Egypt, Arab Rep.28,333
Bangladesh21,504137
Nigeria20,12882
Guatemala18,177
Uzbekistan16,736625
2022 Net inward remittances, by country
CountryInwardOutwardNet inward remittance
India$111,222$10,089$101,133
Mexico$61,100$1,131$59,969
Philippines$38,049$189$37,860
China$51,000$18,256$32,744
Pakistan$29,871$208$29,663
Egypt, Arab Rep.$28,333$0$28,333
Bangladesh$21,504$137$21,367
Nigeria$20,128$82$20,045
Guatemala$18,177$0$18,177
Uzbekistan$16,736$625$16,110
France$30,044$14,440$15,604
Ukraine$17,093$2,036$15,057
Vietnam$13,151$0$13,151
Morocco$11,168$153$11,015
Portugal$10,296$0$10,296
Dominican Republic$10,278$955$9,324
Nepal$9,293$40$9,253
Colombia$9,440$419$9,021
Spain$9,254$405$8,848
Honduras$8,485$339$8,147
Romania$8,660$960$7,700
El Salvador$7,693$276$7,417
Lebanon$6,449$0$6,449
Belgium$13,438$7,784$5,654
Indonesia$9,960$4,636$5,324
Tajikistan$5,346$224$5,122
Serbia$5,601$595$5,006
Jordan$5,000$0$5,000
Croatia$5,392$601$4,791
Ghana$4,664$0$4,664
Haiti$4,532$0$4,532
Ecuador$4,748$637$4,111
Kenya$4,091$0$4,091
West Bank and Gaza$4,079$9$4,070
Georgia$3,854$0$3,854
Sri Lanka$3,818$0$3,818
Yemen, Rep.$3,771$0$3,771
Peru$3,708$187$3,521
Jamaica$3,688$363$3,324
Nicaragua$3,227$2$3,226
Azerbaijan$3,950$812$3,138
Tunisia$3,092$0$3,092
Zimbabwe$3,085$0$3,085
Kyrgyz Republic$3,051$0$3,051
Austria$2,888$0$2,888
Brazil$4,969$2,238$2,731
Senegal$2,500$0$2,500
Hungary$3,589$1,182$2,408
Bosnia and Herzegovina$2,466$102$2,365
Cambodia$2,616$302$2,314
Myanmar$1,900$0$1,900
Bulgaria$2,033$188$1,845
Bermuda$1,800$0$1,800
Somalia$1,735$0$1,735
Thailand$9,335$7,638$1,698
Russian Federation$7,500$5,804$1,696
Algeria$1,760$82$1,678
Congo, Dem. Rep.$1,664$0$1,664
Slovak Republic$2,147$517$1,629
Albania$1,745$149$1,596
Moldova$2,037$484$1,553
Kosovo$1,613$61$1,552
Armenia$2,035$604$1,430
Uganda$1,270$0$1,270
Sudan$1,499$247$1,252
Belarus$1,465$236$1,229
South Sudan$1,187$0$1,187
Bolivia$1,459$319$1,139
Mali$1,131$0$1,131
Japan$5,384$4,522$862
Montenegro$830$123$707
Tanzania$698$0$698
Latvia$1,333$653$680
Argentina$1,258$591$668
Togo$650$0$650
Iraq$624$0$624
New Caledonia$621$0$621
Gambia, The$615$0$615
Burkina Faso$589$0$589
French Polynesia$582$0$582
Lesotho$576$0$576
Guyana$540$0$540
Guinea$538$0$538
Paraguay$592$65$528
Panama$519$0$519
Niger$500$0$500
Fiji$459$14$445
Madagascar$440$0$440
North Macedonia$456$22$434
Rwanda$474$92$382
Cameroon$365$0$365
Cote d'Ivoire$360$0$360
Afghanistan$350$0$350
Slovenia$688$341$347
Liberia$346$0$346
Ethiopia$327$0$327
Cabo Verde$313$30$284
Mongolia$399$129$270
Comoros$260$0$260
Malawi$259$0$259
Samoa$280$27$253
Sierra Leone$232$0$232
Benin$231$0$231
Czech Republic$4,153$3,946$207
Trinidad and Tobago$202$0$202
Lao PDR$198$0$198
Tonga$217$28$189
Timor-Leste$185$0$185
Guinea-Bissau$178$0$178
Estonia$470$294$176
Lithuania$736$568$168
Faeroe Islands$158$0$158
Vanuatu$150$0$150
Curacao$125$0$125
Mozambique$303$179$124
Eswatini$120$0$120
Zambia$243$131$112
Belize$142$41$101
Barbados$85$0$85
St. Vincent and the Grenadines$70$0$70
Grenada$69$0$69
Bhutan$96$34$62
Botswana$58$0$58
Costa Rica$621$566$55
Djibouti$55$0$55
St. Lucia$55$0$55
Dominica$52$0$52
Mauritania$50$0$50
Sint Maarten (Dutch part)$49$0$49
Burundi$48$0$48
Suriname$148$107$41
Oman$39$0$39
Antigua and Barbuda$35$0$35
St. Kitts and Nevis$33$0$33
Marshall Islands$30$0$30
Micronesia, Fed. Sts.$23$0$23
Solomon Islands$81$59$22
San Marino$21$0$21
Gabon$18$0$18
Macao SAR, China$17$0$17
Kiribati$15$0$15
Seychelles$11$0$11
Cayman Islands$9$0$9
Sao Tome and Principe$8$0$8
Papua New Guinea$3$0$3
Tuvalu$3$0$3
Palau$2$0$2
Brunei Darussalam$1$0$1
American Samoa$0$0$0
Andorra$0$0$0
Bahamas, The$0$0$0
Bahrain$0$0$0
Central African Republic$0$0$0
Chad$0$0$0
Channel Islands$0$0$0
Congo, Rep.$0$0$0
Cuba$0$0$0
Equatorial Guinea$0$0$0
Eritrea$0$0$0
Greenland$0$0$0
Guam$0$0$0
Iran, Islamic Rep.$0$0$0
Isle of Man$0$0$0
Korea, Dem. Rep.$0$0$0
Libya$0$0$0
Liechtenstein$0$0$0
Monaco$0$0$0
Northern Mariana Islands$0$0$0
Puerto Rico$0$0$0
Singapore$0$0$0
St. Martin (French part)$0$0$0
Syrian Arab Republic$0$0$0
Turkmenistan$0$0$0
Turks and Caicos Islands$0$0$0
United Arab Emirates$0$0$0
Venezuela, RB$0$0$0
Virgin Islands (U.S.)$0$0$0
Uruguay$125$127-$2
Namibia$54$78-$24
Türkiye, Rep. of$694$731-$37
Aruba$38$108-$70
South Africa$873$1,012-$139
Sweden$3,521$3,668-$147
Iceland$193$386-$193
New Zealand$677$890-$213
Ireland$436$695-$259
Cyprus$520$823-$303
Finland$594$994-$399
Malta$226$642-$416
Mauritius$274$724-$450
Korea, Rep.$7,825$8,301-$476
Hong Kong SAR, China$414$901-$486
Angola$14$518-$504
Maldives$5$557-$552
Chile$69$676-$606
Italy$10,530$11,586-$1,057
Israel$6,143$7,283-$1,139
Kazakhstan$481$2,366-$1,885
Greece$601$2,937-$2,337
Denmark$1,250$3,819-$2,569
Norway$629$4,509-$3,881
Poland$6,399$10,835-$4,436
Australia$1,298$6,350-$5,052
Germany$19,288$25,599-$6,310
United Kingdom$3,877$10,768-$6,890
Malaysia$1,640$8,948-$7,308
Canada$860$8,312-$7,452
Qatar$1,032$12,286-$11,254
Netherlands$2,370$15,411-$13,041
Luxembourg$2,208$15,506-$13,298
Kuwait$22$17,744-$17,722
Switzerland$2,620$31,906-$29,286
Saudi Arabia$287$39,349-$39,062
United States$7,079$79,153-$72,074

What are the remittance fees around the world?

With such an enormous amount of money being moved across borders, what is the cost of sending money overseas? The fees that most providers charge include exchange rate margins as well as a transfer fee.

The global average rate for remittances is 7.14%*, but this varies by country and method of payment. Banks are by far the most expensive method to remit money, with fees averaging 10.8%. Money transfer operators charge an average fee of 6.2%, while post offices charge the least at 5.5%. However, this is just an average and the number can vary. Make sure to compare what options are available to you before diving in.

The map below shows the average rate of remittance fees globally and is sortable by the year. In 2017, the most expensive countries included Angola at 24% and Nigeria at 25%.

Sources

Richard Laycock's headshot

Richard Laycock is Finder’s insights editor after spending the last five years writing and editing articles about insurance. His musings can be found across the web including on MoneyMag, Yahoo Finance and Travel Weekly. Richard studied Media at Macquarie University and The Missouri School of Journalism and has a Tier 1 Certification in General Advice for Life Insurance. See full bio

Patricia Cruz's headshot
Co-written by

Author

Patricia Cruz is a public relations professional at Finder. She has a Bachelor degree in Organizational Communication from the University of the Philippines Manila. See full bio

Get rewarded $$ for switching with Finder Rewards

Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.

More guides on Finder

Go to site