Remittances received in OPEC in 2024 — 26,777,971,837 US$. Since 2005, the indicator has risen by 69.7%.
2005–2024 · US$
How the value compares with the world and the groups this territory belongs to: OPEC
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 26.78B | +1.99B | +8.01% |
| 2023 | 24.79B | — | — |
| 2016 | 23.27B | −845M | −3.5% |
| 2015 | 24.12B | −467M | −1.9% |
| 2014 | 24.59B | +2.46B | +11.12% |
| 2013 | 22.13B | +731M | +3.42% |
| 2012 | 21.4B | −34.75M | −0.16% |
| 2011 | 21.43B | +928M | +4.52% |
| 2010 | 20.5B | — | — |
| 2006 | 17.8B | +2.02B | +12.79% |
| 2005 | 15.78B | — | — |
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.
How much money leaves a country in remittances — mostly the earnings of incomers.
Migration Number of immigrantsHow many people born abroad live in the country at present.
Economy Gross national incomeThe income received by the residents of a country — including what is earned abroad, but without what foreigners earn inside it.
Finance Development aid receivedHow much official development assistance a country receives — in grants and concessional loans.