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Stats Gate

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

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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

RankCountryRemittancesRemittances as a share of GDP in 2018 (%)
1India78.6090.029
2China67.4140.005
3Mexico35.6590.03
4Philippines33.8270.102
5Egypt, Arab Rep.28.9180.116
6France26.4280.009
7Nigeria24.3110.061
8Pakistan21.0140.068
9Germany17.3640.004
10Vietnam15.9340.066
11Bangladesh15.4960.054
12Ukraine14.3780.114
13Spain12.3010.009
14Belgium11.450.021
15Indonesia11.2370.011
16Italy9.6030.005
17Guatemala9.5730.121
18Russian Federation8.6110.005
19Nepal8.0640.28
20Sri Lanka7.4640.081
21Thailand7.4590.015
22Poland7.3780.013
23Morocco7.3750.062
24Lebanon7.2040.127
25Dominican Republic6.7890.084
26Korea, Rep.6.7030.004
27United States6.4170
28Colombia6.4110.019
29Japan5.6340.001
30El Salvador5.4580.211
31United Kingdom5.4350.002
32Romania5.2450.022
33Portugal4.7730.02
34Honduras4.7460.199
35Hungary4.7150.03
36Jordan4.370.104
37Serbia4.3220.091
38Czech Republic3.9120.016
39Uzbekistan3.8990.09
40Ghana3.8030.073
41Yemen, Rep.3.3510.117
42Austria3.2920.007
43Peru3.250.014
44Ecuador3.0860.029
45Sweden3.0520.006
46Haiti2.9860.307
47Croatia2.9420.049
48Brazil2.9340.002
49Myanmar2.7540.038
50Kenya2.720.03
51Kyrgyz Republic2.690.336
52West Bank and Gaza2.5610.177
53Netherlands2.5480.003
54Switzerland2.4850.004
55Jamaica2.4550.159
56Bulgaria2.3950.038
57Tajikistan2.2750.31
58Slovak Republic2.2130.021
59Senegal2.2130.091
60Bosnia and Herzegovina2.1940.11
61Georgia2.0340.122
62Tunisia2.0270.049
63Algeria1.9330.01
64Luxembourg1.9150.028
65Zimbabwe1.8560.096
66Moldova1.8370.161
67Australia1.8180.001
68Malaysia1.6630.005
69Armenia1.5120.121
70Nicaragua1.5050.112
71Albania1.450.096
72Cambodia1.4110.058
73Canada1.4090.001
74Congo, Dem. Rep.1.4050.033
75Denmark1.3960.004
76Iran, Islamic Rep.1.3890.003
77Lithuania1.3880.026
78Bolivia1.2840.031
79Azerbaijan1.2720.028
80Latvia1.2690.037
81Uganda1.2450.045
82Kosovo1.2360.158
83Belarus1.1950.021
84Iraq1.1420.005
85Turkey1.1390.002
86Israel9890.003
87South Africa9460.003
88Finland9450.003
89Mali8850.051
90Qatar6880.004
91Norway6800.002
92Ireland6400.002
93Slovenia6320.011
94Montenegro6120.114
95Paraguay5730.014
96Estonia5450.018
97Panama5380.008
98Costa Rica5280.009
99Argentina4930.001
100Hong Kong SAR, China4690.001
101Togo4520.085
102Mongolia4410.035
103Lesotho4380.147
104Burkina Faso4370.031
105Cyprus4330.018
106Tanzania4300.008
107Kazakhstan4190.002
108Ethiopia4120.005
109Greece4060.002
110Liberia3870.12
111Afghanistan3840.019
112Madagascar3700.03
113Benin3680.035
114Cote d'Ivoire3630.008
115Mozambique3540.024
116Cameroon3450.009
117Macedonia, FYR3440.028
118Saudi Arabia3350
119Venezuela, RB2970.003
120Fiji2880.055
121Guyana2860.079
122Niger2820.03
123Malta2780.019
124Lao PDR2710.015
125Sudan2710.008
126Mauritius2500.018
127Gambia, The2450.153
128Cabo Verde2430.123
129Rwanda2300.024
130Iceland1790.007
131Tonga1650.352
132New Zealand1580.001
133Comoros1430.191
134Trinidad and Tobago1420.006
135Samoa1420.161
136Barbados1150.022
137Uruguay1100.002
138Zambia1010.004
139Timor-Leste880.028
140Djibouti630.029
141Namibia520.004
142Sierra Leone510.014
143Grenada480.041
144Bhutan480.018
145Guinea480.004
146Dominica460.096
147Chile460
148Malawi450.006
149St. Vincent and the Grenadines420.05
150Oman410
151Burundi360.01
152Antigua and Barbuda350.022
153Botswana330.002
154St. Lucia320.018
155Marshall Islands300.13
156Belize280.014
157Macao SAR, China270.001
158Guinea-Bissau270.018
159Micronesia, Fed. Sts.240.073
160Seychelles240.015
161Kuwait240
162St. Kitts and Nevis230.023
163Vanuatu190.02
164Kiribati180.089
165Sao Tome and Principe170.038
166Solomon Islands170.012
167Aruba80.003
168Suriname70.002
169Papua New Guinea40
170Maldives40.001
171Tuvalu40.09
172Palau20.008
173Turkmenistan20
174Angola20

World's Top Recipient Of remittances, 2018

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Sophie Ireland
Foreign Correspondent for ​CEOWORLD magazine media. Policy Advisor, writer, professional restaurant recommender, and native New Yorker. I have approximate knowledge of many things.
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