Incoming remittances declined in Mexico in 2023, for the first time in several years, although its growth did slow down before to a 3-year CAGR of 11.7 percent. This is according to a calculation that looks at the share of remittance inflow in the country's GDP over time, and looks at this share's CAGR development. Note that the figures shown here are "personal" remittances and not "total" remittances. While technically different, oftentimes the two types of remittances have the same figures due to a general lack of data tracking. Remittances had the most impact on Mexico's economy in 2022, when incoming money transfers from abroad made up roughly 4.2 percent of the country's GDP.

Multiple countries across the world received remittances worth more than three percent of their GDP in 2023, according to estimates. For countries like Tonga or Lebanon, money transfers received from outside the country - for example, but not limited to, from migrant workers - were worth more than one third of the country's economy. That said, remittance figures are difficult to establish. For instance, official estimates tend to focus on transfers through official channels such as banks. This may mean that P2P money transfers or money sent via cryptocurrencies is not included in these figures. Additionally, remittances can also include money transfers not sent by migrant workers. A pensioner living in a second home abroad but who still receives money from his/her country of origin can technically also be counted as a remittance. The numbers provided here do largely seem to focus on migration.

Remittances between the United States and Mexico were over twice as large in value as the second-biggest corridor, which was in Asia. This is according to a Statista ranking, using a table that tried to map out migrant remittance flows between individual countries. Multiple countries across the world received remittances worth more than three percent of their GDP in 2022. That said, it should be stressed that remittance figures are not without their flaws. First, the numbers shown here are based on migrant stock. This is a difficult topic to track for certain countries, but also potentially excludes other types of remittances - such as pensions or illegal remittances. Two, the figures essentially assume that every migrant will send the difference of per capita income in PPP terms back home to the country of origin. The source acknowledges this is a rough proxy, potentially leading to over- or undervaluing any estimates.