Remittances received — all countries

Remittances received — Marshall Islands

Remittances received in the Marshall Islands in 2024 — 66,908,360 US$. Ranked 141 in the world out of 160. Since 2005, the indicator has risen by 181.8%.

2024 66.91M US$ +13.63% vs 2023
World rank 141of 160
Period maximum 66.91M US$2024
Period minimum 22.15M US$2011

Trend over time

2005–2024 · US$

Remittances received — Marshall Islands, 2005–2024020M40M60M80M200520072009201120132015201720192021202320242005: 23,743,314 US$2006: 25,993,301 US$2007: 25,141,960 US$2008: 23,064,845 US$2009: 23,586,551 US$2010: 22,214,934 US$2011: 22,145,271 US$2012: 23,236,798 US$2013: 24,555,435 US$2014: 26,081,549 US$2015: 27,340,029 US$2016: 28,340,029 US$2017: 30,450,053 US$2018: 31,450,053 US$2019: 32,450,053 US$2020: 33,450,053 US$2021: 34,450,053 US$2022: 51,582,348 US$2023: 58,883,528 US$2024: 66,908,360 US$
Change over the period: +43.17M (+181.8%) Average annual rate: 5.6 %

Comparison, 2024

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

Marshall Islands 66.91M US$
World 857B US$
Upper-middle-income countries computed 221B US$
Remittances received — Marshall Islands, by year Marshall Islands All countries CSV XLSX
Year US$ Change Change, %
2024 66.91M +8.02M +13.63%
2023 58.88M +7.3M +14.15%
2022 51.58M +17.13M +49.73%
2021 34.45M +1M +2.99%
2020 33.45M +1M +3.08%
2019 32.45M +1M +3.18%
2018 31.45M +1M +3.28%
2017 30.45M +2.11M +7.45%
2016 28.34M +1M +3.66%
2015 27.34M +1.26M +4.83%
2014 26.08M +1.53M +6.21%
2013 24.56M +1.32M +5.67%
2012 23.24M +1.09M +4.93%
2011 22.15M −69,662 −0.31%
2010 22.21M −1.37M −5.82%
2009 23.59M +521,706 +2.26%
2008 23.06M −2.08M −8.26%
2007 25.14M −851,342 −3.28%
2006 25.99M +2.25M +9.48%
2005 23.74M

Micronesia, 2024

The same indicator for neighboring countries — with links to their pages

MH Marshall Islands 66.91M KI Kiribati 14.66M NR Nauru 2.24M

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.