Remittances received in Southern Europe in 2024 — 42,965,912,518 US$. Since 2004, the indicator has risen by 243.4%.
2004–2024 · US$
How the value compares with the world and the groups this territory belongs to: Southern Europe
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 42.97B | +2.49B | +6.15% |
| 2023 | 40.48B | +5.05B | +14.25% |
| 2022 | 35.43B | +1.65B | +4.88% |
| 2021 | 33.78B | +4.42B | +15.04% |
| 2020 | 29.36B | −1.05B | −3.44% |
| 2019 | 30.41B | +898M | +3.04% |
| 2018 | 29.51B | +2.67B | +9.95% |
| 2017 | 26.84B | +1.66B | +6.61% |
| 2016 | 25.17B | +285M | +1.15% |
| 2015 | 24.89B | −2.34B | −8.59% |
| 2014 | 27.23B | +815M | +3.08% |
| 2013 | 26.41B | +2.74B | +11.56% |
| 2012 | 23.68B | −956M | −3.88% |
| 2011 | 24.63B | +1.03B | +4.36% |
| 2010 | 23.6B | −519M | −2.15% |
| 2009 | 24.12B | −1.54B | −5.99% |
| 2008 | 25.66B | +4.04B | +18.67% |
| 2007 | 21.62B | +7.32B | +51.2% |
| 2006 | 14.3B | +855M | +6.36% |
| 2005 | 13.45B | +934M | +7.46% |
| 2004 | 12.51B | — | — |
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.