Global Inflow of Remittances

Global Inflow of Remittances
Global Inflow of Remittances

Proof Point

Total remittances received worldwide grew 3% annually, from $458.3 billion in 2008 to $613.5 billion in 2017, with India and China as top recipients

Global Inflow of Remittances

2008 – 2017 (US$ billions)

Proof Point Findings

  • Remittances – Sum of compensation received by expatriates working in non-resident countries and funds transferred to dependents living in country of origin
  • Steady Growth – Remittances received worldwide increased to $613.5 billion in 2017 from $458.3 billion in 2008, annual growth of 3%
  • Top Receiving Countries – Countries with highest inflow of remittances in 2017 include India ($69 billion), China ($63.9 billion), Philippines ($32.8 billion), and Mexico ($30.6 billion)
  • Key Growth Drivers – Include increase in global job opportunities, foreign migration, growing incomes, improving payment system infrastructure, more remittance services available, and rise in digital transactions


Market Disruption


Financial Services


Date Last Updated

October 2, 2018

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