Personal remittance outflow from Southeast Asia as a whole 1974-2022
The value of personal remittances sent from Southeast Asia decreased by roughly four percent between 2020 and 2021, a recovery from the previous year. This is according to estimates made by the World Bank on data from the IMF that tracked the balance of payments between countries. All figures provided here have been summed from this individual country's data. The source adds that "personal remittances" consist of both personal transfers between resident and nonresident individuals, as well as the compensation of employees. By definition, then, the numbers shown here focus on migrant workers, although it should be noted that remittances consist of more than that. Consumers with a second home abroad but who receive pensions from their country of origin can sometimes also be counted as remittances.
