The value of personal remittances sent to the Middle East and Central Asia increased by nearly 19 percent between 2020 and 2021, the largest increase since 2012. 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. Note that consumers with a second home abroad but who receive pensions from their country of origin - for example, European citizens residing in Oman or the United Arab Emirates - can sometimes also be counted as remittances.
Value of personal remittances received in Middle East and Central Asia from 1970 to 2022
Characteristic
Personal remittances received (in billion U.S. dollars)
Figures are in current U.S. dollars; The World Bank defines "personal" remittances" as the sum of both personal money transfers as well as employee compensation.
Supplementary notes
The numbers provided have been calculated by Statista, using individual entries for the following countries and territories:
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Statista. (March 8, 2024). Value of personal remittances received in Middle East and Central Asia from 1970 to 2022 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1387790/remittances-to-middle-east-and-central-asia/
Statista. "Value of personal remittances received in Middle East and Central Asia from 1970 to 2022." Chart. March 8, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1387790/remittances-to-middle-east-and-central-asia/
Statista. (2024). Value of personal remittances received in Middle East and Central Asia from 1970 to 2022. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1387790/remittances-to-middle-east-and-central-asia/
Statista. "Value of Personal Remittances Received in Middle East and Central Asia from 1970 to 2022." Statista, Statista Inc., 8 Mar 2024, https://www.statista.com/statistics/1387790/remittances-to-middle-east-and-central-asia/
Statista, Value of personal remittances received in Middle East and Central Asia from 1970 to 2022 Statista, https://www.statista.com/statistics/1387790/remittances-to-middle-east-and-central-asia/ (last visited November 22, 2024)
Value of personal remittances received in Middle East and Central Asia from 1970 to 2022 [Graph], Statista, March 8, 2024. [Online]. Available: https://www.statista.com/statistics/1387790/remittances-to-middle-east-and-central-asia/
