Remittances received — all countries

Remittances received — Iraq

Remittances received in Iraq in 2024 — 696,300,000 US$. Ranked 95 in the world out of 160. Since 2005, the indicator has fallen by 2.1%.

2024 696M US$ −40.06% vs 2023
World rank 95of 160
Period maximum 1.16B US$2023
Period minimum 3.1M US$2007

Trend over time

2005–2024 · US$

Remittances received — Iraq, 2005–20240500M1B1.5B200520072009201120132015201720192021202320242005: 711,100,000 US$2006: 388,900,000 US$2007: 3,100,000 US$2008: 70,900,000 US$2009: 152,000,000 US$2010: 176,700,000 US$2011: 223,000,000 US$2012: 271,000,000 US$2013: 727,000,000 US$2014: 729,400,000 US$2015: 1,004,500,000 US$2016: 986,400,000 US$2017: 1,088,500,000 US$2018: 741,700,000 US$2019: 859,200,000 US$2020: 644,400,000 US$2021: 839,500,000 US$2022: 1,098,400,000 US$2023: 1,161,700,000 US$2024: 696,300,000 US$
Change over the period: −14.8M (−2.08%) Average annual rate: -0.11 %

Comparison, 2024

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

Iraq 696M US$
World 857B US$
Western Asia computed 18.8B US$
Upper-middle-income countries computed 221B US$
Remittances received — Iraq, by year Iraq All countries CSV XLSX
Year US$ Change Change, %
2024 696M −465M −40.06%
2023 1.16B +63.3M +5.76%
2022 1.1B +259M +30.84%
2021 840M +195M +30.28%
2020 644M −215M −25%
2019 859M +118M +15.84%
2018 742M −347M −31.86%
2017 1.09B +102M +10.35%
2016 986M −18.1M −1.8%
2015 1B +275M +37.72%
2014 729M +2.4M +0.33%
2013 727M +456M +168.27%
2012 271M +48M +21.52%
2011 223M +46.3M +26.2%
2010 177M +24.7M +16.25%
2009 152M +81.1M +114.39%
2008 70.9M +67.8M +2,187.1%
2007 3.1M −386M −99.2%
2006 389M −322M −45.31%
2005 711M

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.