The value of remittances worldwide grew to a record high in 2023, although growth did slow down substantially. Estimates on personal remittances received from migrants abroad amounted to an estimated 857 billion U.S. dollars across the world. Geopolitics, especially, seem to have impacted the growth of this source of income. Forecasts on the global remittance market size, though, reveal a that the market growth could accelerate again in both 2024 and 2025.
Value of remittance flows worldwide from 1990 to 2023, based on inflow received from any country in the world
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KNOMAD, & World Bank, & Statista. (June 30, 2024). Value of remittance flows worldwide from 1990 to 2023, based on inflow received from any country in the world [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1377780/remittances-world-migrants-inflows/
KNOMAD, und World Bank, und Statista. "Value of remittance flows worldwide from 1990 to 2023, based on inflow received from any country in the world." Chart. June 30, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1377780/remittances-world-migrants-inflows/
KNOMAD, World Bank, Statista. (2024). Value of remittance flows worldwide from 1990 to 2023, based on inflow received from any country in the world. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1377780/remittances-world-migrants-inflows/
KNOMAD, and World Bank, and Statista. "Value of Remittance Flows Worldwide from 1990 to 2023, Based on Inflow Received from Any Country in The World." Statista, Statista Inc., 30 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1377780/remittances-world-migrants-inflows/
KNOMAD & World Bank & Statista, Value of remittance flows worldwide from 1990 to 2023, based on inflow received from any country in the world Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1377780/remittances-world-migrants-inflows/ (last visited November 10, 2024)
Value of remittance flows worldwide from 1990 to 2023, based on inflow received from any country in the world [Graph], KNOMAD, & World Bank, & Statista, June 30, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1377780/remittances-world-migrants-inflows/
