Financial and Monetary Systems

Migrant workers sent home almost $800 billion in 2022. Which countries are the biggest recipients?

Not all remittances are sent from rich to less well-off nations.

Not all remittances are sent from rich to less well-off nations. Image: Unsplash/ Christine Roy

Douglas Broom
Senior Writer, Forum Agenda
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A graph showing Remittances, Foreign Direct Investment, Portfolio Flows and Official Development Assistance Flows to Low- and Middle-Income Countries.
Remittances are a substantial source of external finance in low and middle-income countries. Image: WorldBank/Knomad

Bar charts showing top recipients of remittances among low- and middle income countries.
Remittances make up a large share of GDP in many countries. Image: WorldBank/Knomad

Future growth in remittances depends on the economic health of high-income nations, the Bank says.
Future growth in remittances depends on the economic health of high-income nations, the Bank says. Image: REUTERS/Tatiana Meel

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