Remittances received — all countries

Remittances received — Melanesia

Remittances received in Melanesia in 2024 — 523,238,494 US$. Since 1982, the indicator has risen by 2,122.7%.

2024 523M US$ −9.38% vs 2023
World rank
Period maximum 1.01B US$2014
Period minimum 19.44M US$1983

Trend over time

1982–2024 · US$

Remittances received — Melanesia, 1982–20240500M1B1.5B1982198719921997200220072012201720221982: 23,540,530 US$1983: 19,442,432 US$1984: 24,436,348 US$1985: 41,996,086 US$1986: 44,777,433 US$1987: 48,909,589 US$1988: 40,675,519 US$1989: 37,535,588 US$1990: 35,593,858 US$1991: 49,253,048 US$1992: 57,511,795 US$1993: 58,628,751 US$1994: 67,665,823 US$1995: 54,505,989 US$1996: 84,087,153 US$1997: 64,112,033 US$1998: 43,364,666 US$1999: 43,023,278 US$2000: 68,357,679 US$2001: 106,467,812 US$2002: 445,061,433 US$2003: 586,922,250 US$2004: 688,506,515 US$2005: 734,651,429 US$2006: 761,783,592 US$2007: 700,197,453 US$2008: 716,298,382 US$2009: 709,148,304 US$2010: 697,024,612 US$2011: 805,789,708 US$2012: 962,630,322 US$2013: 986,434,556 US$2014: 1,010,207,198 US$2015: 927,442,745 US$2016: 965,245,715 US$2017: 385,300,166 US$2018: 428,772,386 US$2019: 493,487,473 US$2020: 474,040,711 US$2021: 647,601,038 US$2022: 752,421,153 US$2023: 577,408,041 US$2024: 523,238,494 US$
Change over the period: +500M (+2,122.71%) Average annual rate: 7.66 %

Comparison, 2024

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

Melanesia 523M US$
World 857B US$
Remittances received — Melanesia, by year Melanesia All countries CSV XLSX
Year US$ Change Change, %
2024 523M −54.17M −9.38%
2023 577M −175M −23.26%
2022 752M +105M +16.19%
2021 648M +174M +36.61%
2020 474M −19.45M −3.94%
2019 493M +64.72M +15.09%
2018 429M +43.47M +11.28%
2017 385M −580M −60.08%
2016 965M +37.8M +4.08%
2015 927M −82.76M −8.19%
2014 1.01B +23.77M +2.41%
2013 986M +23.8M +2.47%
2012 963M +157M +19.46%
2011 806M +109M +15.6%
2010 697M −12.12M −1.71%
2009 709M −7.15M −1%
2008 716M +16.1M +2.3%
2007 700M −61.59M −8.08%
2006 762M +27.13M +3.69%
2005 735M +46.14M +6.7%
2004 689M +102M +17.31%
2003 587M +142M +31.87%
2002 445M +339M +318.02%
2001 106M +38.11M +55.75%
2000 68.36M +25.33M +58.89%
1999 43.02M −341,388 −0.79%
1998 43.36M −20.75M −32.36%
1997 64.11M −19.98M −23.76%
1996 84.09M +29.58M +54.27%
1995 54.51M −13.16M −19.45%
1994 67.67M +9.04M +15.41%
1993 58.63M +1.12M +1.94%
1992 57.51M +8.26M +16.77%
1991 49.25M +13.66M +38.38%
1990 35.59M −1.94M −5.17%
1989 37.54M −3.14M −7.72%
1988 40.68M −8.23M −16.84%
1987 48.91M +4.13M +9.23%
1986 44.78M +2.78M +6.62%
1985 42M +17.56M +71.86%
1984 24.44M +4.99M +25.69%
1983 19.44M −4.1M −17.41%
1982 23.54M

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.