In 2022, Nigeria was the West African country with the largest remittance inflow. Nigeria received remittances valued at an estimated **** billion U.S. dollars in 2022. Senegal followed, with total remittances of *** billion U.S. dollars.

Remittances towards Sub-Saharan Africa are forecast to slow down in growth in 2023 compared to previous years. In 2022, Sub-Saharan countries received remittances valued at an estimated ** billion U.S. dollars. By 2023, this value is predicted to increase to ** billion U.S. dollars. The region saw the largest increase in 2021, after the coronavirus pandemic led to a significant decline in 2020.

In 2022, the value of migrant remittances transferred to India amounted to 111 billion U.S. dollars. This was the leading country worldwide, ranked by value of migrant remittance inflows in that year. Mexico and China followed behind.

Remittances sent to Africa went largely towards Egypt, Nigeria, and Morocco in 2021, with each country receiving at least ** billion billions worth of dollars. This is according to a database that tries to model money sent internationally from one party to another. Remittances typically refer to money sent from migrant workers back home to family and friends, although there are other forms of this. Remittances can, for example, include pensioners who have a second home in a foreign country. Nevertheless, Asia Pacific - not Africa - is often referred to as the main receiver of remittances.

In 2023, the personal remittances received in Nigeria decreased by roughly *** billion U.S. dollars (**** percent) since 2022. The incoming personal remittances in Nigeria peaked in 2018, when the figure stood at ** billion U.S. dollars. Personal remittances refer to personal transfers and compensation of employees. The former includes all current transfers between resident and nonresident individuals, while the latter refers to the income of workers who are employed in an economy where they are not resident, and of residents employed by nonresident entities. These include border, seasonal, and other short-term workers.

In 2022, Mauritania received *** million U.S. dollars of remittances. The value increased significantly compared to the previous year, when inflow remittances amounted to just ** million U.S. dollars. Mauritania usually receives the lowest amount of remittances in North Africa.