Remittances received — all countries

Remittances received — Lower-middle-income countries

Remittances received in lower-middle-income countries in 2024 — 415,623,558,394 US$. Since 1986, the indicator has risen by 3,075.4%.

2024 416B US$ +10.71% vs 2023
World rank
Period maximum 416B US$2024
Period minimum 13.09B US$1986

Trend over time

1986–2024 · US$

Remittances received — Lower-middle-income countries, 1986–20240200B400B600B198619901994199820022006201020142018202220241986: 13,088,879,014 US$1987: 15,239,461,701 US$1988: 14,753,071,300 US$1989: 14,643,201,254 US$1990: 16,570,763,644 US$1991: 18,532,140,758 US$1992: 22,201,706,390 US$1993: 23,393,593,367 US$1994: 25,062,821,378 US$1995: 28,152,131,446 US$1996: 29,456,781,196 US$1997: 34,719,785,960 US$1998: 32,215,563,009 US$1999: 36,432,915,832 US$2000: 40,972,928,110 US$2001: 46,151,186,908 US$2002: 56,113,484,867 US$2003: 67,557,150,112 US$2004: 72,720,142,545 US$2005: 94,410,854,245 US$2006: 112,525,754,877 US$2007: 135,841,541,504 US$2008: 165,825,649,819 US$2009: 164,374,698,391 US$2010: 183,520,873,470 US$2011: 211,238,585,066 US$2012: 233,427,455,685 US$2013: 243,336,612,624 US$2014: 253,433,395,899 US$2015: 253,554,908,391 US$2016: 246,858,328,846 US$2017: 271,283,768,526 US$2018: 295,653,583,257 US$2019: 312,193,815,754 US$2020: 311,613,731,532 US$2021: 343,996,501,502 US$2022: 375,502,752,025 US$2023: 375,425,095,482 US$2024: 415,623,558,394 US$
Change over the period: +403B (+3,075.39%) Average annual rate: 9.53 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Lower-middle-income countries

Lower-middle-income countries 416B US$
World 857B US$
Remittances received — Lower-middle-income countries, by year Lower-middle-income countries All countries CSV XLSX
Year US$ Change Change, %
2024 416B +40.2B +10.71%
2023 375B −77.66M −0.02%
2022 376B +31.51B +9.16%
2021 344B +32.38B +10.39%
2020 312B −580M −0.19%
2019 312B +16.54B +5.59%
2018 296B +24.37B +8.98%
2017 271B +24.43B +9.89%
2016 247B −6.7B −2.64%
2015 254B +122M +0.05%
2014 253B +10.1B +4.15%
2013 243B +9.91B +4.25%
2012 233B +22.19B +10.5%
2011 211B +27.72B +15.1%
2010 184B +19.15B +11.65%
2009 164B −1.45B −0.87%
2008 166B +29.98B +22.07%
2007 136B +23.32B +20.72%
2006 113B +18.11B +19.19%
2005 94.41B +21.69B +29.83%
2004 72.72B +5.16B +7.64%
2003 67.56B +11.44B +20.39%
2002 56.11B +9.96B +21.59%
2001 46.15B +5.18B +12.64%
2000 40.97B +4.54B +12.46%
1999 36.43B +4.22B +13.09%
1998 32.22B −2.5B −7.21%
1997 34.72B +5.26B +17.87%
1996 29.46B +1.3B +4.63%
1995 28.15B +3.09B +12.33%
1994 25.06B +1.67B +7.14%
1993 23.39B +1.19B +5.37%
1992 22.2B +3.67B +19.8%
1991 18.53B +1.96B +11.84%
1990 16.57B +1.93B +13.16%
1989 14.64B −110M −0.74%
1988 14.75B −486M −3.19%
1987 15.24B +2.15B +16.43%
1986 13.09B

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.