Remittances received — all countries

Remittances received — Southern Asia

Remittances received in Southern Asia in 2024 — 218,204,435,470 US$. Since 1991, the indicator has risen by 2,909.3%.

2024 218B US$ +17.91% vs 2023
World rank
Period maximum 218B US$2024
Period minimum 7.13B US$1992

Trend over time

1991–2024 · US$

Remittances received — Southern Asia, 1991–20240100B200B300B1991199519992003200720112015201920231991: 7,251,067,456 US$1992: 7,128,209,558 US$1993: 8,164,947,309 US$1994: 10,724,337,206 US$1995: 11,597,037,448 US$1996: 12,942,445,955 US$1997: 14,950,388,902 US$1998: 14,020,378,995 US$1999: 15,585,036,448 US$2000: 17,729,975,421 US$2001: 19,839,188,517 US$2002: 24,975,362,140 US$2003: 31,529,370,034 US$2004: 29,710,483,382 US$2005: 33,909,208,829 US$2006: 42,507,198,068 US$2007: 54,029,097,315 US$2008: 71,707,884,028 US$2009: 74,911,674,450 US$2010: 81,997,033,719 US$2011: 96,395,627,273 US$2012: 107,979,911,630 US$2013: 110,834,477,983 US$2014: 115,816,281,171 US$2015: 117,612,821,346 US$2016: 110,677,220,008 US$2017: 117,313,440,762 US$2018: 131,744,994,735 US$2019: 139,830,764,845 US$2020: 147,114,980,902 US$2021: 156,718,730,583 US$2022: 176,235,364,939 US$2023: 185,054,423,783 US$2024: 218,204,435,470 US$
Change over the period: +211B (+2,909.27%) Average annual rate: 10.87 %

Comparison, 2024

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

Southern Asia 218B US$
World 857B US$
Remittances received — Southern Asia, by year Southern Asia All countries CSV XLSX
Year US$ Change Change, %
2024 218B +33.15B +17.91%
2023 185B +8.82B +5%
2022 176B +19.52B +12.45%
2021 157B +9.6B +6.53%
2020 147B +7.28B +5.21%
2019 140B +8.09B +6.14%
2018 132B +14.43B +12.3%
2017 117B +6.64B +6%
2016 111B −6.94B −5.9%
2015 118B +1.8B +1.55%
2014 116B +4.98B +4.49%
2013 111B +2.85B +2.64%
2012 108B +11.58B +12.02%
2011 96.4B +14.4B +17.56%
2010 82B +7.09B +9.46%
2009 74.91B +3.2B +4.47%
2008 71.71B +17.68B +32.72%
2007 54.03B +11.52B +27.11%
2006 42.51B +8.6B +25.36%
2005 33.91B +4.2B +14.13%
2004 29.71B −1.82B −5.77%
2003 31.53B +6.55B +26.24%
2002 24.98B +5.14B +25.89%
2001 19.84B +2.11B +11.9%
2000 17.73B +2.14B +13.76%
1999 15.59B +1.56B +11.16%
1998 14.02B −930M −6.22%
1997 14.95B +2.01B +15.51%
1996 12.94B +1.35B +11.6%
1995 11.6B +873M +8.14%
1994 10.72B +2.56B +31.35%
1993 8.16B +1.04B +14.54%
1992 7.13B −123M −1.69%
1991 7.25B

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.