The personal remittances received as share of the gross domestic product in Tunisia were **** percent in 2023. Between 1976 and 2023, the personal remittances received rose by **** percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

In 2023, the personal remittances received as share of the gross domestic product in Algeria amounted to **** percent. Between 1970 and 2023, the figure dropped by **** percentage points, though the decline followed an uneven course rather than a steady trajectory.

Mozambique MZ: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 1.394 % in 2017. This records an increase from the previous number of 0.848 % for 2016. Mozambique MZ: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 1.169 % from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 3.420 % in 1988 and a record low of 0.717 % in 1999. Mozambique MZ: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mozambique – Table MZ.World Bank: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.; ; World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.; Weighted Average; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

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.

Personal remittances, received (% of GDP) in Germany was reported at 0.45548 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Germany - Workers' remittances and compensation of employees, received (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

In 2023, personal remittances received in Nepal accounted for more than ** percent of the country's gross domestic product (GDP). In contrast, personal remittances accounted for **** percent of the GDP in Brunei.

Workers' remittances refer to the money sent back home by individuals who are employed in foreign countries, typically to support their families or communities in their home country. For Bangladesh, remittances are a crucial component of the national economy, playing a significant role in poverty alleviation, foreign exchange reserves, and overall economic development. Bangladesh is one of the top recipients of remittances in South Asia, with millions of its citizens working overseas, especially in the Middle East, Southeast Asia, Europe, and North America.

Importance of Workers Remittance in Bangladesh:

Economic Contribution: Workers' remittances are a major source of foreign exchange in Bangladesh, helping stabilize the national currency and supporting the balance of payments. They help Bangladesh offset trade deficits and reduce reliance on foreign loans. The remittance inflows also support the growth of sectors like real estate, retail, and small businesses.

Poverty Reduction: Remittances directly support households in rural and urban areas by providing financial assistance for education, healthcare, housing, and other essential needs. This inflow helps to reduce poverty and improve the standard of living for millions of families.

Social Impact: Many families rely on remittances to meet daily expenses and maintain a decent standard of living. Remittances also contribute to social mobility by enabling families to invest in education, which in turn has long-term positive effects on the workforce and future generations.

Economic Stability: Remittances provide a buffer against economic crises, such as natural disasters or economic downturns. During times of economic instability, remittances often serve as a critical lifeline, ensuring that the affected population has access to essential resources.

Trends in Workers Remittance: The trends in remittances fluctuate depending on factors such as:

Global Economic Conditions: Economic conditions in major remittance-sending countries affect the flow of funds. For instance, during periods of economic recession or crisis in host countries, remittance flows might decrease. Migration Patterns: Changes in migration patterns due to geopolitical factors, labor demands, or government policies also affect the volume of remittances. Exchange Rates and Banking Systems: The stability of exchange rates and the efficiency of banking systems and remittance services (e.g., Western Union, MoneyGram) influence the ease and cost of sending remittances. Impact on Bangladesh’s GDP: Remittances contribute significantly to Bangladesh's Gross Domestic Product (GDP). They not only help with household income but also boost domestic consumption, which drives economic growth. As a result, the country has seen improvements in its infrastructure, poverty rates, and social services due to the continuous inflow of remittances.

Challenges in Managing Remittances: Despite the positive impacts, there are several challenges associated with workers' remittances:

High Transaction Costs: Remittance senders often face high transaction fees, especially when using informal channels. The government and financial institutions are working to reduce these costs by promoting digital banking and remittance services. Dependence on Remittances: Over-reliance on remittances may create economic vulnerabilities, as families might become dependent on external sources of income rather than local economic development and job creation. Policy and Regulation: Governments need to establish policies that facilitate the easy transfer of remittances while ensuring that the system is transparent and secure. File Format: CSV

Description: The "Workers Remittance" dataset provides a detailed record of the monthly remittance inflows to Bangladesh from January 2017 to March 2024. It is crucial for understanding the economic role that remittances play in the country, particularly for millions of Bangladeshi families who rely on money sent by relatives working abroad. The dataset is structured with the following columns:

Year: The year of remittance data. Month: The month of remittance data. Unit (Tk. in Million): The total remittance amount received, expressed in millions of Bangladeshi Taka (Tk.). This data is particularly valuable for economists, policymakers, and financial analysts who are interested in studying the trends in remittance inflows, their impact on the national economy, and their contribution to the livelihoods of the Bangladeshi population. Workers' remittances are a significant source of foreign exchange and play a critical role in the socio-economic development of Bangladesh.

Source: http://data.gov.bd/dataset/table-9-workers-remittance-jan-2017-mar-2024

**More Dataset:: ** https://www.kaggle.com/shuvokumarbasak4004/datasets

…………………………………..Note for Researchers Using the dataset………………………………………………………………...

The personal remittances received as share of the gross domestic product in the Philippines amounted to *** percent in 2024. The share of personal remittances to the country's GDP peaked in 2005.

In 2023, the Gambia was the Sub-Saharan African country with the largest inflow of remittances as a share of its gross domestic product (GDP). In that year, the Gambia received remittances totaling around ** percent of the country's GDP.

In 2023, Gambia registered the highest value of personal remittances received in Africa in relation to the Gross Domestic Product (GDP). Received remittances covered around ** percent of the country's GDP. South Sudan and Somalia followed, with approximately ** and ** percent, respectively.

In 2024, the personal remittances received in Mexico increased by 1.4 billion U.S. dollars (+2.1 percent) since 2023. While the growth is slowing down, with 67.64 billion U.S. dollars, the personal remittances received are at their peak in the observed period. Personal remittances comprise personal transfers and compensation of employees. Personal transfers include all current transfers between resident and nonresident individuals, while the compensation of employees refers to the income of employees who are employed in an economy where they are not resident, as well as of resident employees employed by nonresident entities.

Remittances in Philippines decreased to 2977302 USD Thousand in August from 3178668 USD Thousand in July of 2025. This dataset provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The personal remittances received in Bangladesh increased by more than *** million U.S. dollars (+*** percent) in 2024. With roughly **** billion U.S. dollars, the personal remittances received thereby reached one of their highest levels in the observed period. Remittances are flows of money between immigrants and their relatives. They refer to personal transfers between resident and nonresident individuals, and the compensation of employees who are employed in an economy where they are not resident, and of residents employed by nonresident entities.Find more statistics on other topics about Bangladesh with key insights such as charges for the use of intellectual property, net trade in goods and services, and total reserves.

Overseas Filipino workers (OFWs) based in the United States were the leading source of remittances received by the Philippines in 2024. Remittances from the U.S. amounted to around ** billion U.S. dollars. Singapore follows, with remittances amounting to around **** billion U.S. dollars. Economic contribution of remittances  Remittances, in case or kind, have been a fundamental source of income in the Philippines. In fact, in 2020, the county ranked second to India when it comes to the total personal remittances received in the Asia Pacific region. Overall, personal remittances contributed about **** percent to the country's GDP. Demographics of OFWs  Of the **** million Filipino labor migrants employed worldwide in 2023, women accounted for the higher share of OFWs compared to men. In terms of age, most women OFWs were between the age of 30 and 34, while the majority of male OFWs were 45 years old and above.

Remittance fees from Remitly on the United States to Mexico corridor were the highest. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Mexico, but then specifically those that were sent from United States. Remitting towards Mexico from the United States using Remitly incurred an average cost of roughly 6.35 percent in the first quarter of 2024. Typically, the fees of money transfer organizations - MTOs - such as Western Union were below those from banks.

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 ***** 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.