The World’s Top Recipient Of remittances, 2018: Countries That Benefit Most From Remittance

Sophie IrelandJune 10, 2019Stats Gate

With its diaspora sending a whopping $78.61 billion back home, India retained its position as the world’s top recipient of remittances. India is followed by China ($67.41 billion), Mexico (35.66 billion), the Philippines ($33.83 billion) and Egypt ($28.92 billion).

Recipients from France scored the sixth-biggest share of the remittance pie, bagging $26.43 billion in 12 months, followed by Nigerians, who received $24.31 billion; Pakistanis, who got $21.01 billion, and Germans who recorded $17.36 billion in external financing.

Over the last three years, India has registered a significant flow of remittances from $62.75 billion in 2016 to $68.97 billion in 2017. In 2018, remittances constituted 2.9 percent of India’s GDP.

To identify top recipient countries for remittances in 2018, CEOWORLD magazine reviewed numerous national and international media reports. Additional information about migrant remittance inflows came from the World Central Bank. The table below presents the leading countries worldwide, ranked by value of migrant remittance inflows in 2018.

The World’s Top Recipient Of remittances, 2018

Rank	Country	Remittances	Remittances as a share of GDP in 2018 (%)
1	India	78.609	0.029
2	China	67.414	0.005
3	Mexico	35.659	0.03
4	Philippines	33.827	0.102
5	Egypt, Arab Rep.	28.918	0.116
6	France	26.428	0.009
7	Nigeria	24.311	0.061
8	Pakistan	21.014	0.068
9	Germany	17.364	0.004
10	Vietnam	15.934	0.066
11	Bangladesh	15.496	0.054
12	Ukraine	14.378	0.114
13	Spain	12.301	0.009
14	Belgium	11.45	0.021
15	Indonesia	11.237	0.011
16	Italy	9.603	0.005
17	Guatemala	9.573	0.121
18	Russian Federation	8.611	0.005
19	Nepal	8.064	0.28
20	Sri Lanka	7.464	0.081
21	Thailand	7.459	0.015
22	Poland	7.378	0.013
23	Morocco	7.375	0.062
24	Lebanon	7.204	0.127
25	Dominican Republic	6.789	0.084
26	Korea, Rep.	6.703	0.004
27	United States	6.417	0
28	Colombia	6.411	0.019
29	Japan	5.634	0.001
30	El Salvador	5.458	0.211
31	United Kingdom	5.435	0.002
32	Romania	5.245	0.022
33	Portugal	4.773	0.02
34	Honduras	4.746	0.199
35	Hungary	4.715	0.03
36	Jordan	4.37	0.104
37	Serbia	4.322	0.091
38	Czech Republic	3.912	0.016
39	Uzbekistan	3.899	0.09
40	Ghana	3.803	0.073
41	Yemen, Rep.	3.351	0.117
42	Austria	3.292	0.007
43	Peru	3.25	0.014
44	Ecuador	3.086	0.029
45	Sweden	3.052	0.006
46	Haiti	2.986	0.307
47	Croatia	2.942	0.049
48	Brazil	2.934	0.002
49	Myanmar	2.754	0.038
50	Kenya	2.72	0.03
51	Kyrgyz Republic	2.69	0.336
52	West Bank and Gaza	2.561	0.177
53	Netherlands	2.548	0.003
54	Switzerland	2.485	0.004
55	Jamaica	2.455	0.159
56	Bulgaria	2.395	0.038
57	Tajikistan	2.275	0.31
58	Slovak Republic	2.213	0.021
59	Senegal	2.213	0.091
60	Bosnia and Herzegovina	2.194	0.11
61	Georgia	2.034	0.122
62	Tunisia	2.027	0.049
63	Algeria	1.933	0.01
64	Luxembourg	1.915	0.028
65	Zimbabwe	1.856	0.096
66	Moldova	1.837	0.161
67	Australia	1.818	0.001
68	Malaysia	1.663	0.005
69	Armenia	1.512	0.121
70	Nicaragua	1.505	0.112
71	Albania	1.45	0.096
72	Cambodia	1.411	0.058
73	Canada	1.409	0.001
74	Congo, Dem. Rep.	1.405	0.033
75	Denmark	1.396	0.004
76	Iran, Islamic Rep.	1.389	0.003
77	Lithuania	1.388	0.026
78	Bolivia	1.284	0.031
79	Azerbaijan	1.272	0.028
80	Latvia	1.269	0.037
81	Uganda	1.245	0.045
82	Kosovo	1.236	0.158
83	Belarus	1.195	0.021
84	Iraq	1.142	0.005
85	Turkey	1.139	0.002
86	Israel	989	0.003
87	South Africa	946	0.003
88	Finland	945	0.003
89	Mali	885	0.051
90	Qatar	688	0.004
91	Norway	680	0.002
92	Ireland	640	0.002
93	Slovenia	632	0.011
94	Montenegro	612	0.114
95	Paraguay	573	0.014
96	Estonia	545	0.018
97	Panama	538	0.008
98	Costa Rica	528	0.009
99	Argentina	493	0.001
100	Hong Kong SAR, China	469	0.001
101	Togo	452	0.085
102	Mongolia	441	0.035
103	Lesotho	438	0.147
104	Burkina Faso	437	0.031
105	Cyprus	433	0.018
106	Tanzania	430	0.008
107	Kazakhstan	419	0.002
108	Ethiopia	412	0.005
109	Greece	406	0.002
110	Liberia	387	0.12
111	Afghanistan	384	0.019
112	Madagascar	370	0.03
113	Benin	368	0.035
114	Cote d'Ivoire	363	0.008
115	Mozambique	354	0.024
116	Cameroon	345	0.009
117	Macedonia, FYR	344	0.028
118	Saudi Arabia	335	0
119	Venezuela, RB	297	0.003
120	Fiji	288	0.055
121	Guyana	286	0.079
122	Niger	282	0.03
123	Malta	278	0.019
124	Lao PDR	271	0.015
125	Sudan	271	0.008
126	Mauritius	250	0.018
127	Gambia, The	245	0.153
128	Cabo Verde	243	0.123
129	Rwanda	230	0.024
130	Iceland	179	0.007
131	Tonga	165	0.352
132	New Zealand	158	0.001
133	Comoros	143	0.191
134	Trinidad and Tobago	142	0.006
135	Samoa	142	0.161
136	Barbados	115	0.022
137	Uruguay	110	0.002
138	Zambia	101	0.004
139	Timor-Leste	88	0.028
140	Djibouti	63	0.029
141	Namibia	52	0.004
142	Sierra Leone	51	0.014
143	Grenada	48	0.041
144	Bhutan	48	0.018
145	Guinea	48	0.004
146	Dominica	46	0.096
147	Chile	46	0
148	Malawi	45	0.006
149	St. Vincent and the Grenadines	42	0.05
150	Oman	41	0
151	Burundi	36	0.01
152	Antigua and Barbuda	35	0.022
153	Botswana	33	0.002
154	St. Lucia	32	0.018
155	Marshall Islands	30	0.13
156	Belize	28	0.014
157	Macao SAR, China	27	0.001
158	Guinea-Bissau	27	0.018
159	Micronesia, Fed. Sts.	24	0.073
160	Seychelles	24	0.015
161	Kuwait	24	0
162	St. Kitts and Nevis	23	0.023
163	Vanuatu	19	0.02
164	Kiribati	18	0.089
165	Sao Tome and Principe	17	0.038
166	Solomon Islands	17	0.012
167	Aruba	8	0.003
168	Suriname	7	0.002
169	Papua New Guinea	4	0
170	Maldives	4	0.001
171	Tuvalu	4	0.09
172	Palau	2	0.008
173	Turkmenistan	2	0
174	Angola	2	0

World's Top Recipient Of remittances, 2018

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Sophie Ireland

Sophie is currently serving as a Senior Economist at CEOWORLD magazine's Global Unit. She started her career as a Young Professional at CEOWORLD magazine in 2010 and has since worked as an economist in three different regions, namely Latin America and the Caribbean, Africa, East Asia, and the Pacific. Her research interests primarily revolve around the topics of economic growth, labor policy, migration, inequality, and demographics. In her current role, she is responsible for monitoring macroeconomic conditions and working on subjects related to macroeconomics, fiscal policy, international trade, and finance. Prior to this, she worked with multiple local and global financial institutions, gaining extensive experience in the fields of economic research and financial analysis.

Follow her on Twitter, Facebook, Instagram, or connect on LinkedIn. Email her at sophie@ceoworld.biz.

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