Ranked: The Countries Receiving the Most Remittances From Abroad

The New Diplomat
Writer

Ad

Ambode Reaffirms Loyalty to APC, Denies ADC Governorship Bid, Backs Tinubu for 2027

By Abiola Olawale A former Lagos State Governor Akinwunmi Ambode has dismissed rumors of a governorship bid under the African Democratic Congress (ADC), reaffirming his commitment to the All Progressives Congress (APC) and President Bola Ahmed Tinubu’s 2027 re-election campaign. In a statement released today, Saturday, August 9, Ambode described the speculations as “false publications”…

Audu Ogbeh: Tinubu, Obasanjo, Eminent Nigerians Mourn

By Abiola Olawale Eminent Nigerians have expressed sadness over the death of Chief Audu Ogbeh, former Minister of Agriculture and Rural Development and ex-National Chairman of the People’s Democratic Party (PDP). President Bola Ahmed Tinubu, former President Olusegun Obasanjo, and other prominent Nigerians have paid heartfelt tributes to the late statesman, describing him as a…

The Controversial East African Crude Oil Pipeline Is Nearing Completion

The East African Crude Oil Pipeline (EACOP), 64.5% complete, will connect Uganda’s oilfields to Tanzania’s Port of Tanga for global crude exports. Despite $3.6 billion already spent and new financing secured, the project continues to face backlash from human rights groups and environmental activists. Critics cite displacement of communities and threats to ecosystems, while developers…

Ad

By Pallavi Rao

We chart the top countries by money received from abroad, in current U.S. dollars, based on 2000-2023 data from Knomad.

Specifically, these transfer totals shown represent personal remittances, or money sent between residents and non-residents, including personal transfers and compensation for work done abroad. It does not include, and is separate from, foreign investment.

Top 10 Countries by Personal Remittances Received (2000-2023)

The Indian diaspora—measuring nearly 18 million people—collectively sent more than $125 billion back to the country in 2023. In fact, India became the first country to ever receive more than $100 billion in personal remittances in 2022.

Top Countries Receiving
Money From Abroad
2000 Top Countries Receiving
Money From Abroad
2023e
🇮🇳 India $13B 🇮🇳 India $125B
🇫🇷 France $9B 🇲🇽 Mexico $67B
🇲🇽 Mexico $8B 🇨🇳 China $50B
🇵🇭 Philippines $7B 🇵🇭 Philippines $40B
🇬🇧 UK $5B 🇫🇷 France $34B
🇹🇷 Türkiye $5B 🇵🇰 Pakistan $24B
🇰🇷 South Korea $5B 🇪🇬 Egypt $24B
🇺🇸 U.S. $4B 🇧🇩 Bangladesh $23B
🇵🇹 Portugal $4B 🇳🇬 Nigeria $21B
🇩🇪 Germany $4B 🇬🇹 Guatemala $20B

Note: 2023 figures are estimates. All numbers rounded.

For context, India’s remittances received adds to more than the next two countries, Mexico ($67 billion) and China ($50 billion) combined.Meanwhile, over the last two decades, the top 10 has seen a major shift. Countries from Europe have fallen out, replaced by Asian and African countries with big diaspora communities.

And the countries they’ve replaced—France, UK, Germany—are now some of the top destinations for immigration, from where remittances are usually sent.

The UN states that at least one in nine people globally are supported by funds received from abroad, and half of the amount ends up in rural areas, where some of the world’s poorest people live. This also makes remittances three times more important than international aid.

On a global scale, personal inbound remittances have risen seven times between 2000 and 2023.

Credit: Visual Capitalist

Ad

X whatsapp