Remittances received — all countries

Remittances received — Andorra

Remittances received in Andorra in 2024 — 52,335,881 US$. Ranked 145 in the world out of 160. Since 2019, the indicator has risen by 147.9%.

2024 52.34M US$ +8.41% vs 2023
World rank 145of 160
Period maximum 53M US$2021
Period minimum 21.11M US$2019

Trend over time

2019–2024 · US$

Remittances received — Andorra, 2019–202420M30M40M50M60M2019202020212022202320242019: 21,112,646 US$2020: 47,416,324 US$2021: 53,001,418 US$2022: 44,577,777 US$2023: 48,274,852 US$2024: 52,335,881 US$
Change over the period: +31.22M (+147.89%) Average annual rate: 19.91 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Andorra

Andorra 52.34M US$
World 857B US$
Southern Europe computed 42.97B US$
High-income countries computed 199B US$
Remittances received — Andorra, by year Andorra All countries CSV XLSX
Year US$ Change Change, %
2024 52.34M +4.06M +8.41%
2023 48.27M +3.7M +8.29%
2022 44.58M −8.42M −15.89%
2021 53M +5.59M +11.78%
2020 47.42M +26.3M +124.59%
2019 21.11M

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

Source: World Development Indicators (World Bank), license CC BY 4.0.