In 2023, the value of migrant remittances transferred from the United States to other countries amounted to 85.7 billion U.S. dollars. This makes the United States the country worldwide with the highest amount of migrant remittance outflows in that year.

In 2023, Mexico received nearly 66.2 billion U.S. dollars worth of remittances, making it the Latin American country with the highest value of international deposits received that year. Guatemala ranked second, with remittances amounting to nearly 20 billion dollars. In total, the value of remittances in Latin America and the Caribbean exceeded 152 billion U.S. dollars in 2023.

The biggest receivers of remittances in the world included India, Mexico, and China in 2023, with each country receiving several 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 is often referred to as the main receiver of remittances.

Money transfers to other countries outside the United States were nearly 30 times higher in 2021 than money received. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For the United States, the top five recipient countries for remittances in 2021 included Mexico, India, Guatemala, the Philippines, and China. The five main sources for remittances in the U.S. were Mexico, Canada, the UK, Puerto Rico, and Germany.

The biggest U.S. remittance receivers in Latin America are Mexico and Guatemala, with both countries receiving over 10 billion U.S. 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 is often referred to as the main receiver of remittances.

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.

The value of remittances to India outweighed the value sent to other countries about 10 times in 2021, according to a ranking that maps the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For India, the top five recipient countries for remittances in 2021 included Bangladesh, Nepal, China, Sri Lanka, and the United States. India's main sources for remittances were the United Arab Emirates, the United States, Saudi Arabia, Oman, and Kuwait.

Mexico accounted for more less than two percent of all remittances sent from North America to other countries in the world in 2021. Remittances from these four countries ranged from 2.4 billion U.S. dollars to 3.6 billion U.S. dollars. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. The outflow from North America is especially aimed at North America itself - likely from the United States to Mexico - but also towards Asia.

The most expensive countries in the world to send remittances to largely consisted of countries in Sub-Saharan Africa as of the third quarter of 2023. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards. The source adds that incoming remittances were estimated at 6.39 percent on average for the G20 countries during this timeframe.

Nearly 40 percent of remittances sent from the United States to India were handled by either Western Union or MoneyGram in 2024. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the United States and which sent money to India, specifically. The United States was the number two country of origin for remittances to India, while the Asian country was the second-highest likely destination of remittances from the United States. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore - by definition - estimates.

A large majority of all remittances sent towards North America went towards Mexico as of 2021, likely due to the remittances sent from the United States. 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 foreign country. The United States was Mexico's largest source of remittances in 2021, with more than 52 billion U.S. dollars originating from that country.

The top 20 remittance-sending countries in Europe in 2021 account for 92 percent of the total outflow to receiving countries within Europe and other regions. Remittances from these 20 countries ranged from two billion U.S. dollars to 37 billion U.S. dollars, with Germany and the United Kingdom each accounting for roughly 14 percent of Europe's outflow. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. Europe's outgoing payment flow largely does not go to these regions but goes towards Central and Eastern Europe.

Venezuela, Argentina, Chile, and Brazil accounted for more than half of the total remittance outflow in Latin America in 2021. Remittances from these four countries ranged from 2.4 billion U.S. dollars to 3.6 billion U.S. dollars. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. Europe's outgoing payment flow largely does not go to these regions but goes towards Central and Eastern Europe.

MoneyGram was used the most for outgoing remittances from the United States in 2024, although its market share was relatively low due to how many providers are present. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from the United States. The three countries to which the U.S. sends the highest value of remittances are Mexico, India, and Guatemala. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

India, China, and Pakistan accounted for a combined 80 percent of the total inflow of remittance-receiving countries in Asia bar Southeast Asia in 2021. Remittances received by the eight 12 countries and territories in this region were worth roughly 157 billion U.S. dollars, with more than half of this money originating from the Middle East. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. Southeast Asia's outflow largely stayed within Asia, especially within both Southeast Asia itself and South Asia - which includes India.

Saudi Arabia and the United Arab Emirates accounted for more than six out of 10 remittances sent from the Middle East and Central Asia to other countries in 2021. Remittances from these four countries ranged from 2.4 billion U.S. dollars to 3.6 billion U.S. dollars. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. The outflow from the Middle East especially goes towards South Asia - India and Bangladesh - and Southeast Asia.

Honduras, El Salvador, and Nicaragua were the most likely receivers of remittances in Latin America in 2023, with GDP shares being nearly 10 times than in Brazil. This is according to a calculation that looks at the share of remittance inflow in the GDP of several countries, territories, and islands across the region. 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 Honduras' economy in 2022, when incoming money transfers from abroad made up roughly 27 percent of the country's GDP.

Money transfers to Vietnam were nearly 10 times higher in 2021 than money sent from the country. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Vietnam, the top five recipient countries for remittances in 2021 included Thailand, Bangladesh, Indonesia, China, and Japan. Vietnam's five main sources for remittances were the United States, Japan, Australia, China, and Canada.

The share of digital remittances in money leaving the U.S. for India stayed relatively the same in 2024, with digital options being more common than cash. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the U.S. towards India. The United States was the number two country of origin for remittances to India, while the Asian country was the second-highest likely destination of remittances from the United States. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

The share of digital remittances in money leaving the U.S. for Mexico stayed relatively the same in 2024, with digital options being more common than cash. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the U.S. towards Mexico. The United States was the number one country of origin for remittances to Mexico, while the Latin American country was also the number one highest likely destination of remittances from the United States. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.