Worldwide Remittance Flows

world remittance flows 2012Remittances, or money sent by migrant workers to their home countries, have increased since the year 2000. Although, they temporarily decreased after the economic crisis back in 2008, they recovered in 2010 and continued to rise. Remittances increased from $204 billion back in 2000 to $540 billion in 2012.

Countries with the highest remittance inflows include India ($71 billion), China ($62 billion), Mexico, the Philippines, Nigeria, Egypt, and France. Only nine countries saw a reduction in remittance inflows, among them Greece and Turkey which experienced the steepest decline.

For the interactive map, please visit: Tages Woche: The incredible rise of migrants’ remittances