Remittances received — all countries

Remittances received — San Marino

Remittances received in San Marino in 2023 — 22,290,056 US$. Ranked 162 in the world out of 173. Since 2017, the indicator has risen by 34.6%.

2023 22.29M US$ +1.98% vs 2022
World rank 162of 173
Period maximum 22.29M US$2023
Period minimum 16.57M US$2017

Trend over time

2017–2023 · US$

Remittances received — San Marino, 2017–202316M18M20M22M24M20172018201920202021202220232017: 16,565,645 US$2018: 18,703,508 US$2019: 17,387,421 US$2020: 17,658,929 US$2021: 21,041,053 US$2022: 21,856,304 US$2023: 22,290,056 US$
Change over the period: +5.72M (+34.56%) Average annual rate: 5.07 %

Comparison, 2023

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

San Marino 22.29M US$
World 796B US$
Southern Europe computed 40.48B US$
High-income countries computed 194B US$
Remittances received — San Marino, by year San Marino All countries CSV XLSX
Year US$ Change Change, %
2023 22.29M +433,753 +1.98%
2022 21.86M +815,251 +3.87%
2021 21.04M +3.38M +19.15%
2020 17.66M +271,508 +1.56%
2019 17.39M −1.32M −7.04%
2018 18.7M +2.14M +12.91%
2017 16.57M

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.