全球各国汇款流量分析报告-培训课件外文版2024.6

INDUSTRIES

&

MARKETSRemittanceflowsbycountryworldwideCHAPTER

01Flows,worldwideImpactofremittancesreceivedontheGDPof158differentcountriesandterritoriesintheworldin2022RemittancesreceivedasashareofGDPin158countriesworldwide2022Remittance

inflows

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countryRegionSubregionAustraliaandOceaniaMiddleEastShare

ofGDP49.90%37.84%32.05%31.28%28.33%27.10%24.80%23.82%22.45%21.77%21.23%21.00%TongaAsia-PacificLebanonTajikistanKyrgyzstanGambiaMiddleEastandCentralAsiaMiddleEastandCentralAsiaMiddleEastandCentralAsiaAfricaCentralAsiaCentralAsiaSub-SaharanAfricaCentralAmericaSub-SaharanAfricaCentralAmericaCaribbeanHondurasSouthSudanElSalvadorHaitiLatinAmerica&theCaribbeanAfricaLatinAmerica&theCaribbeanLatinAmerica&theCaribbeanAsia-PacificNepalSouthAsiaJamaicaLatinAmerica&theCaribbeanAfricaCaribbeanLesothoSub-SaharanAfrica4Description:MultiplecountriesacrosstheworldreceivedremittancesworthmorethanthreepercentoftheirGDPin2022,accordingtoestimates.ForcountrieslikeTongaorLebanon,moneytransfersreceivedfromoutsidethecountry-forexample,butnotlimitedto,frommigrantworkers-wereworthmorethanonethirdofthecountry'seconomy.Thatsaid,remittancefiguresaredifficulttoestablish.Forinstance,officialestimatestendtofocusontransfersthroughofficialchannelssuchasbanks.[...]

ReadmoreNote(s):Worldwide;November2022;AllfiguresareestimatesSource(s):KNOMAD;WorldBankLargestremittancecountriesworldwidein2023,byestimatedvalueofremittanceinflowtowardssaidcountry(inbillionU.S.dollars)Top25highestremittancereceivingcountriesintheworldin2023RemittanceinflowinbillionU.S.dollars020406080100120140IndiaMexico12567China49.5PhilippinesFrance4034Egypt24.224PakistanBangladeshNigeriaGuatemalaGermanyUzbekistanUkraine2320.519.861916.115.75Description:ThebiggestreceiversofremittancesintheworldincludedIndia,Mexico,andChinain2023,witheachcountryreceivingseveralbillionsworthofdollars.Thisisaccordingtoadatabasethattriestomodelmoneysentinternationallyfromonepartytoanother.Remittancestypicallyrefertomoneysentfrommigrantworkersbackhometofamilyandfriends,althoughthereareotherformsofthis.Remittancescan,forexample,includepensionerswhohaveasecondhomeinaforeigncountry.[...]

ReadmoreNote(s):Worldwide;December2023;Allfiguresareestimates,andhavebeenbasedontheIMF's"BalanceofPayments"content,whichwasthencomparedagainstthecountry'smigrantstock.Bydefinition,remittancedataisincomplete.Source(s):IMF;KNOMAD;WorldBankInflowofremittancestoanycountryintheworldfrom1990to2022,withaforecastfor2023Remittancesinflowworldwide1990-2022,witha2023forecastIncomingremittances(inmillionU.S.dollars)Year-on-yearpercentagechange(%)1,000,000900,000800,000700,000600,000500,000400,000300,000200,000100,000035302520151050-5-106Description:Thetotalamountofinflowsofremittancesfrommigrantsintheworldincreasedalmostconstantlyfrom1990to2022.Especiallysincetheearly2000sthetotalamountofremittancesreceivedrosesharply,from122billionU.S.dollarsin2000to794billiondollarsin2022.ReadmoreNote(s):Worldwide;December2023;PercentagechangeshavebeencalculatedbySource(s):KNOMAD;WorldBankInflowsofremittancesinlow-andmiddle-incomecountriesfrom1990to2022,withaforecastfor2023Remittancesinflowlow-andmiddle-incomecountries1990-2022,witha2023forecastIncomingremittances(inmillionU.S.dollars)800,000Year-on-yearpercentagechange(%)50403020100700,000600,000500,000400,000300,000200,000100,0000-107Description:Thetotalamountofinflowsofremittancesfrommigrantstolow-incomecountriesincreasedalmoststeadilysince1990,andespeciallysince2000.In2022,thetotalinflowsofremittancesinlow-incomecountrieswereestimatedtohavereachedover644billionU.S.dollars.Remittanceshaveevensurpassedthetotalamountofofficialdevelopmentassistance(ODA)andforeigndirectinvestment(FDI)inrecentyears.ReadmoreNote(s):Worldwide;December2023;PercentagechangeshavebeencalculatedbySource(s):KNOMAD;WorldBankLargestremittancecountriesworldwidein2022,byestimatedvalueofremittanceoutflowsentfromsaidcountry(inbillionU.S.dollars)Top25highestremittancesendingcountriesintheworldin2022RemittanceoutflowinbillionU.S.dollars0102030405060708090UnitedStatesUnitedArabEmiratesSaudiArabiaSwitzerlandChina81.639.739.333.618.3KuwaitGermanyLuxembourgNetherlandsFrance17.717.116.215.415.3QatarItalyPoland12.311.610.98/statistics/788334/leading-countries-by-value-of-migrant-remittance-outflowsIn2022,thevalueofmigrantremittancestransferredfromtheUnitedStatestoothercountriesamountedto79.2billionU.S.dollars.ThismakestheUnitedStatesthecountryworldwidewiththehighestamountofmigrantremittanceoutflowsinthatyear.ReadmoreNote(s):Worldwide;March2024;Allfiguresareestimates,andhavebeenbasedontheIMF's"BalanceofPayments"content,whichwasthencomparedagainstthecountry'smigrantstock.Bydefinition,remittancedataisincomplete.Source(s):IMF;KNOMAD;WorldBankCHAPTER

02Costs,worldwideDistributionofaveragecorridorcostsofremittancesworldwidefromthe4thquarterof2016to3rdquarterof2023Remittancecorridoraveragetotalcostsglobally2016-20230-5%5-10%10-15%15-20%>20%n/a120%100%80%60%40%20%0%Q42016Q42017Q42018Q42019Q42020Q12021Q42021Q12022Q32022Q12023Q3202310Description:Theproportionofremittancecorridorswithaveragecostsoflessthan10percentincreasedbyroughly10percentagepointsbetween2016and2023.Consequently,thecorridorswithaveragecostsover15percentdeclined.Thesourceaddsthateightcorridorshadremittancescostsabove20percentin2023,ofwhichsevenoriginatedinSub-SaharanAfricaandhadadestinationinsidethesameSub-SaharanAfrica.ReadmoreNote(s):Worldwide;Q42016toQ12023;"n/a"includes18corridorswithoutdata,suchasoutgoingremittancesfromNigeria,Pakistan,orRussiaSource(s):WorldBankCountrieswithhighesttotalaveragecostofreceiving200U.S.dollarsworthofremittancesworldwideasof3rdquarterof2023Top25countrieswithhighestremittancecostsintheworldasofQ32023Averagecostsofsending200U.S.dollarstowardsaidcountry0%5%10%15%20%25%SyriaAngola20.49%17.73%EswatiniCuba16.44%16.22%LesothoBotswanaLaosBulgariaSudan14.98%14.49%12.72%12.19%11.95%11.63%11.62%11.28%11.04%AlgeriaVanuatuNamibiaGambia11Description:ThemostexpensivecountriesintheworldtosendremittancestolargelyconsistedofcountriesinSub-SaharanAfricaasofthethirdquarterof2023.Thisisaccordingtoanaveragetakenfromdifferentsituationinwhichconsumerssendmoneyworth200U.S.dollarsfromonecountrytothenext-includingcash,MTOs(moneytransferorganizations)orcards.Thesourceaddsthatincomingremittanceswereestimatedat6.39percentonaveragefortheG20countriesduringthistimeframe.

ReadmoreNote(s):Worldwide;Q32023;Includescash,bankaccounttransfers,creditcards,debitcards,prepaidcards,andmobilemoneySource(s):FXCIntelligence;WorldBank(RemittancePricesWorldwide)Totalaveragecostofsending200U.S.dollarsworthofremittancestoanycountryintheworldfrom2ndquarterof2016to3rdquarterof2023,amongselectedpaymentinstrumentsQuarterlycostofsending200USDworthofglobalremittances2023,bypaymenttypeBankaccounttransferCashCreditcard/debitcardMobilemoney9.0%8.0%7.0%6.0%5.0%4.0%3.0%2.0%Q2

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Q320162016201620172017201720172018201820182018201920192019201920202020202020202021202120212021202220222022202220232023202312Description:Remittancefeeswhenusingcashwererelativelyexpensive,butnotthehighestintheworld.Thisisaccordingtoaestimatethataimstocomparethepriceschargedforsendinginternationalmoneytransfersacrosstheworld.Remittingtowardsanycountryintheworldincurredanaveragecostofroughly7.34percentoverthecourseof2023iftheyinvolvedabankaccounttransfer.Mobilemoneywascheapercomparedtotheotherpaymentinstruments,butitscostsgrew[...]

ReadmoreNote(s):Worldwide;Q42022marksaslightchangeinreportinginthesource,asitsoughttocleanupthedataSource(s):FXCIntelligence;WorldBankTotalaveragecostofsending200U.S.dollarsworthofremittancesfromtheG20asawholefrom1stquarterof2011to3rdquarterof2023QuarterlyremittancecostsfromtheG20asawhole2011-202310.0%9.5%9.0%8.5%8.0%7.5%7.0%6.5%6.0%5.5%13Description:Onaverage,thecostsofsendingremittancefromG20countrieshasbeenconsistentlydecreasingforthelastcoupleyears.Justin2021,theaveragecostofremittancedroppedhalfapercentfrom6.49inQuarter1of2021to6percentinQuarter4of2021.ReadmoreNote(s):Worldwide;Q32023;Includescash,bankaccounttransfers,creditcards,debitcards,prepaidcards,andmobilemoneySource(s):FXCIntelligence;WorldBankShareofdigitallyinitiatedremittancesacrosstheworldfrom2ndquarterof2016to3rdquarterof2023Quarterlymarketshareofdigitalremittancesworldwide2016-2023TraditionallyinitiatedDigitallyinitiatedDigitalend-to-end120%100%80%60%40%20%0%Q2

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Q320162016201620172017201720172018201820182018201920192019201920202020202020202021202120212021202220222022202220232023202314Description:Digitalremittancesareestimatedtomakeupnearlyhalfofallremittancesworldwidein2023,withagrowingmarketsharebeingexclusivelyperformedonline.Thisisaccordingtoamodelthattriestomapoutthemarketshareofdigitalremittancesworldwide,across-borderpaymentstopicthatincreasinglygainedattentionafterthecoronaviruspandemic.Theoriginalsourceobserves,however,thatsuchdigitalmoneytransferswerestillrelativelysmallinearly2023.Itespeciallylooksatthe[...]

ReadmoreNote(s):Worldwide;September2023;Seethe"Details"tabformoreinformationonthecategorizationSource(s):WorldBank(RemittancePricesWorldwide)CHAPTER

03AfricaValueofpersonalremittancesreceivedinAfricafrom1970to2022PersonalremittanceinflowtowardsAfricaasawhole1970-2022Personalremittancesreceived(inbillionU.S.dollars)Year-on-yearpercentagechange(%)120100806040200300250200150100500-501970

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202216Description:ThevalueofpersonalremittancessenttoAfricaincreasedbyover16percentbetween2020and2021,thelargestincreaseinseveralyears.ThisisaccordingtoestimatesmadebytheWorldBankondatafromtheIMFthattrackedthebalanceofpaymentsbetweencountries.Allfiguresprovidedherehavebeensummedfromthisindividualcountry'sdata.Thesourceaddsthat"personalremittances"consistofbothpersonaltransfersbetweenresidentandnonresidentindividuals,aswell[...]

ReadmoreNote(s):Africa;1970to2022;FiguresareincurrentU.S.dollars;TheWorldBankdefines"personal"remittances"asthesumofbothpersonalmoneytransfersaswellasemployeecompensation.Source(s):IMF;WorldBankTopremittancereceivingcountriesandterritoriesinAfrica,inflowbysendingregionin2021(inmillionU.S.dollars)CountriesinAfricawithmostincomingremittances,bysendingregion2021Receiving

territoryTotalShare

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Africa(%)Australia

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OceaniaAfrica96158.233148710032.720.311.14.71488.16424.82188.0910.1639.68212.362.14EgyptNigeria19483.410704.834506.553770.092657.52194.51982MoroccoGhanaKenya3.9Senegal2.8Tunisia2.33.09Zimbabwe2.1124.12.47Algeria1759.117351.8Somalia1.816.1212.93DemocraticRepublicoftheCongo1330.881.417Description:RemittancessenttoAfricawentlargelytowardsEgypt,Nigeria,andMoroccoin2021,witheachcountryreceivingatleast10billionbillionsworthofdollars.Thisisaccordingtoadatabasethattriestomodelmoneysentinternationallyfromonepartytoanother.Remittancestypicallyrefertomoneysentfrommigrantworkersbackhometofamilyandfriends,althoughthereareotherformsofthis.Remittancescan,forexample,includepensionerswhohaveasecondhomeinforeigncountry.[...]ReadmoreNote(s):Algeria,Angola,Botswana,Burundi,Cameroon,DemocraticRepublicoftheCongo,Benin,Ethiopia,Djibouti,Gabon,Gambia,Ghana,Guinea,IvoryCoast,Kenya,Liberia,Madagascar,Malawi,Mali,Mauritania,Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria,Rwanda,Senegal,Seychelles,SierraLeone,Somalia,SouthAfrica,Zimbabwe,SouthSudan,Sudan,Togo,Tunisia,Uganda,Egypt,Tanzania,BurkinaFaso,Zambia,CapeVerde,Lesotho,Eswatini;December2022;Remittancefigureshaveapublicationdelay.Numberscover2021,butwerereportedinlate2022;Allnumbersareincurrent(nominal)U.S.dollars;Seethe"Details"tabformoreinformationonthesourcemethdologySource(s):IFAD;KNOMAD;WorldBankValueofpersonalremittancespaidfromAfricafrom1970to2022PersonalremittanceoutflowfromAfricaasawhole1970-2022Personalremittancessent(inbillionU.S.dollars)Year-on-yearpercentagechange(%)1412108120100806040620402-20-4001970

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202218Description:ThevalueofoutgoingpersonalremittancessentfromAfricadecreasedbynearly19percentbetween2020and2021,thelargestdecreaseinseveralyears.ThisisaccordingtoestimatesmadebytheWorldBankondatafromtheIMFthattrackedthebalanceofpaymentsbetweencountries.Allfiguresprovidedherehavebeensummedfromthisindividualcountry'sdata.Thesourceaddsthat"personalremittances"consistofbothpersonaltransfersbetweenresidentandnonresident[...]

ReadmoreNote(s):Africa;1970to2021;FiguresareincurrentU.S.dollars;TheWorldBankdefines"personal"remittances"asthesumofbothpersonalmoneytransfersaswellasemployeecompensation.Source(s):IMF;WorldBankTopremittancesendingcountriesandterritoriesinAfrica,outflowbyreceivingregionin2021(inmillionU.S.dollars)CountriesinAfricawithmostoutgoingremittances,byreceivingregion2021Sending

territoryTotalShare

oftotal

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inSoutheast

Asia

(%)Australia

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OceaniaAfrica25005.594045.861957.681479.781413.991339.621339.07997.9710016.27.85.95.75.45.4414.95SouthAfricaIvoryCoastCameroonNigeriaNiger8.940000Libya1.210BeninGhana895.073.63.43.230.060UgandaSudan843.58797.940Gabon761.37019Description:SouthAfricaandIvoryCoastaccountedforacombined25percentofthetotaloutflowofremittance-sendingcountriesinAfricain2021.Remittancesfromthe54countriesandterritoriesinthisregionrangedfrom1.7millionU.S.dollarstofourbillionU.S.dollars,withacountrylikeNigeriaaccountingforroughlysixpercentofAfrica'soutflow,.Remittancesrefertocross-borderpaymentstofamilyorfriendsandareoftenassociatedwithmigrantworkerssendingmoneybackhometo[...]ReadmoreNote(s):Algeria,Angola,Botswana,Burundi,Cameroon,CentralAfricanRepublic,Chad,RepublicoftheCongo,DemocraticRepublicoftheCongo,Benin,EquatorialGuinea,Ethiopia,Eritrea,Djibouti,Gabon,Gambia,Ghana,Guinea,IvoryCoast,Kenya,Liberia,Libya,Madagascar,Malawi,Mali,Mauritania,Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria,Rwanda,Senegal,Seychelles,SierraLeone,Somalia,SouthAfrica,Zimbabwe,SouthSudan,Sudan,Togo,Tunisia,Uganda,Egypt,Tanzania,BurkinaFaso,Zambia,CapeVerde,Lesotho,Eswatini;December2022;Remittancefigureshaveapublicationdelay.Numberscover2021,butwerereportedinlate2022;Allnumbersareincurrent(nominal)U.S.dollars;Seethe"Details"tabformoreinformationonthesourcemethdologySource(s):IFAD;KNOMAD;WorldBankTotalaveragecostofsendingand/orreceiving200U.S.dollarsworthofremittancesfrom/toindividualcountriesinAfricain3rdquarterof2023RemittancecostsinAfricaasofQ32023,bycountryAverage

costs

ofsending

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U.S.

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fromAverage

costs

ofsending

200

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toAlgeria-11.63%17.73%-Angola11.28%Benin-Botswana-14.49%5.34%8.57%5.76%6.87%4.18%8.53%16.44%5.51%11.04%Cameroon11.66%CapeVerde--------ComorosDemocraticRepublicoftheCongoEgyptEritreaEswatiniEthiopiaGambia20Description:SendingremittancestocountriesinSub-SaharanAfricawassignificantlymoreexpensivethancountrieslikeEthiopiaorSouthAfrica,asofthefirstquarterof2023.Thisisaccordingtoanaveragetakenfromdifferentsituationinwhichconsumerssendmoneyworth200U.S.dollarsfromonecountrytothenext-includingcash,MTOs(moneytransferorganizations)orcards.Thesourceaddsthatincomingremittanceswereestimatedat6.39percentonaveragefortheG20countriesduring[...]

ReadmoreNote(s):Q32023;Includescash,bankaccounttransfers,creditcards,debitcards,prepaidcards,andmobilemoneySource(s):FXCIntelligence;WorldBank(RemittancePricesWorldwide)CHAPTER

04EuropeValueofpersonalremittancesreceivedinEuropefrom1970to2022PersonalremittanceinflowtowardsEuropeasawhole1970-2022Personalremittancesreceived(inbillionU.S.dollars)Year-on-yearpercentagechange(%)200180160140120100801401201008060406020400200-201970

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202222Description:ThevalueofpersonalremittancessenttoEuropeincreasedbyroughlyninepercentbetween2020and2021,thelargestincreasesince2018.ThisisaccordingtoestimatesmadebytheWorldBankondatafromtheIMFthattrackedthebalanceofpaymentsbetweencountries.Allfiguresprovidedherehavebeensummedfromthisindividualcountry'sdata.Thesourceaddsthat"personalremittances"consistofbothpersonaltransfersbetweenresidentandnonresidentindividuals,aswell[...]

ReadmoreNote(s):Europe;1970to2022;FiguresareincurrentU.S.dollars;TheWorldBankdefines"personal"remittances"asthesumofbothpersonalmoneytransfersaswellasemployeecompensation.Source(s):IMF;WorldBankTopremittancereceivingcountriesandterritoriesinEurope,inflowbysendingregionin2021(inmillionU.S.dollars)CountriesinEuropewithmostincomingremittances,bysendingregion2021Receiving

territoryTotalShare

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inEurope

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OceaniaEuropeFranceGermanyUkraineBelgiumItaly194412.9632077.3120411.781806010016.510.59.38.25.356752.751959.01734.7661.0815883.1210258.429646.929159.759000214.52578.3734.3RussiaRomaniaSpain4.74.63.72.62.640.58117.6878.82PolandPortugalCroatia71315127.645044.6844.24270.9223Description:RemittancessenttoEuropewentlargelytowardsFranceandGermanyin2021,witheachcountryreceivingatleast20billionbillionsworthofdollars.Thisisaccordingtoadatabasethattriestomodelmoneysentinternationallyfromonepartytoanother.Remittancestypicallyrefertomoneysentfrommigrantworkersbackhometofamilyandfriends,althoughthereareotherformsofthis.Remittancescan,forexample,includepensionerswhohaveasecondhomeinforeigncountry.[...]ReadmoreNote(s):Albania,Austria,Belgium,Bosnia&Herzegovina,Bulgaria,Belarus,Croatia,Cyprus,Czechia,Denmark,Estonia,Finland,France,Germany,Greece,Hungary,Iceland,Ireland,Italy,Latvia,Lithuania,Luxembourg,Malta,Moldova,Montenegro,Netherlands,Norway,Poland,Portugal,Romania,Russia,Serbia,Slovakia,Slovenia,Spain,Sweden,Switzerland,Turkey,Ukraine,NorthMacedonia,UnitedKingdom,Kosovo;December2022;Remittancefigureshaveapublicationdelay.Numberscover2021,butwerereportedinlate2022;Allnumbersareincurrent(nominal)U.S.dollars;Seethe"Details"tabformoreinformationonthesourcemethdologySource(s):IFAD;KNOMAD;WorldBankValueofpersonalremittancespaidfromEuropefrom1970to2022PersonalremittanceoutflowfromEuropeasawhole1970-2022Personalremittancesreceived(inbillionU.S.dollars)Year-on-yearpercentagechange(%)2502001501005080070060050040030020010000-1001970

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202224Description:ThevalueofoutgoingpersonalremittancessentfromEuropeincreasedbymorethan10percentbetween2020and2021,thelargestincreasesince2017.ThisisaccordingtoestimatesmadebytheWorldBankondatafromtheIMFthattrackedthebalanceofpaymentsbetweencountries.Allfiguresprovidedherehavebeensummedfromthisindividualcountry'sdata.Thesourceaddsthat"personalremittances"consistofbothpersonaltransfersbetweenresidentandnonresident[...]

ReadmoreNote(s):Europe;1970to2022;FiguresareincurrentU.S.dollars;TheWorldBankdefines"personal"remittances"asthesumofbothpersonalmoneytransfersaswellasemployeecompensation.Source(s):IMF;WorldBankTopremittancesendingcountriesandterritoriesinEurope,outflowbyreceivingregionin2021(inmillionU.S.dollars)CountriesinEuropewithmostoutgoingremittances,byreceivingregion2021Sending

territoryTotalShare

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OceaniaEurope255384.4837363.2933690.0829991.6825737.6122849.0220440.6711662.867859.9810014.613.211.710.18.98511.1125.11261.810.82GermanyUnitedKingdomRussiaFrance34.227.04SpainItaly30.0311.512.86SwitzerlandBelgiumNetherlandsAustria4.63.137780.1119.134.555859.572.32.1Turkey5422.958.1125Description:Thetop20remittance-sendingcountriesinEuropein2021accountfor92percentofthetotaloutflowtoreceivingcountrieswithinEuropeandotherregions.Remittancesfromthese20countriesrangedfromtwobillionU.S.dollarsto37billionU.S.dollars,withGermanyandtheUnitedKingdomeachaccountingforroughly14percentofEurope'soutflow.Remittancesrefertocross-borderpaymentstofamilyorfriendsandareoftenassociatedwithmigrantworkerssendingmoneybackhome[...]

ReadmoreNote(s):Albania,Andorra,Austria,Belgium,Bosnia&Herzegovina,Bulgaria,Belarus,Croatia,Cyprus,Czechia,Denmark,Estonia,FaroeIslands,Finland,France,Germany,Greece,Greenland,Hungary,Iceland,Ireland,Italy,Latvia,Liechtenstein,Lithuania,Luxembourg,Malta,Monaco,Moldova,Montenegro,Netherlands,Norway,Poland,Portugal,Romania,Russia,SanMarino,Serbia,Slovakia,Slovenia,Spain,Sweden,Switzerland,Turkey,Ukraine,NorthMacedonia,UnitedKingdom;December2022;Remittancefigureshaveapublicationdelay.Numberscover2021,butwerereportedinlate2022;Allnumbersareincurrent(nominal)U.S.dollars;Seethe"Details"tabformoreinformationonthesourcemethdologySource(s):IFAD;KNOMAD;WorldBankTotalaveragecostofsendingand/orreceiving200U.S.dollarsworthofremittancesfrom/toindividualcountriesinEuropein3rdquarterof2023RemittancecostsinEuropeasofQ32023,bycountryAverage

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toAlbania-8.73%Austria5.02%-Belarus--BelgiumBosnia&HerzegovinaBulgariaCroatia5.98%--7.37%--12.19%2.9%Czechia5.29%--Estonia-France6.07%5.62%--GermanyHungaryItaly-5.95%-5.62%26Description:SendingremittancestoBulgariawasnoticeablymoreexpensiveinthefirstquarterof2023thantoothercountriesinEurope,suchasCroatiaorLithuania.Thisisaccordingtoanaveragetakenfromdifferentsituationinwhichconsumerssendmoneyworth200U.S.dollarsfromonecountrytothenext-includingcash,MTOs(moneytransferorganizations)orcards.Thesourceaddsthatincomingremittanceswereestimatedat6.39percentonaveragefortheG20countriesduringthistimeframe.

ReadmoreNote(s):Q32023;Figuresarereleasedirregularly,meaningdelaysmayoccur;includescash,bankaccounttranfers,creditcards,debitcards,prepaidcards,andmobilemoneySource(s):FXCIntelligence;WorldBank(RemittancePricesWorldwide)CHAPTER

05LatinAmericaandtheCaribbeanValueofpersonalremittancesreceivedinLatinAmericafrom1970to2022PersonalremittanceinflowtowardsLatinAmericaasawhole1970-2022Personalremittancesreceived(inbillionU.S.dollars)Year-on-yearpercentagechange(%)1009080706050403020100140120100806040200-20-401970

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202228Description:ThevalueofpersonalremittancessenttoLatinAmericaincreasedbynearly26percentbetween2020and2021,thelargestincreasesince2006.ThisisaccordingtoestimatesmadebytheWorldBankondatafromtheIMFthattrackedthebalanceofpaymentsbetweencountries.Allfiguresprovidedherehavebeensummedfromthisindividualcountry'sdata.Thesourceaddsthat"personalremittances"consistofbothpersonaltransfersbetweenresidentandnonresidentindividuals,aswell[...]

ReadmoreNote(s):1970to2022;FiguresareincurrentU.S.dollars;TheWorldBankdefines"personal"remittances"