U.S. Continues to Lead the World When it Comes to Exporting Remittances

GENEVA, Switzerland—The United States continues to be the leading country in sending remittances abroad, a new report shows.

According to 2022 International Organization for Migration data—the latest data published—workers sent a total of $79.15 million to their family members or friends living in their countries of origin or in other territories, more than double the amount issued from Saudi Arabia, the second-largest nation on the list, Voz reported.

“But it is not only notable that the (U.S.) was first in the 2022 ranking. It has been so since 2010, and the sending of remittances has maintained an upward trend since then. In that year, 50.53 million dollars were sent abroad, while in 2015, 60.72 billion dollars were sent and, in 2020, 66.54 billion dollars,” added said. “The fact that the United States is the leading country in sending remittances abroad is due, in large part, to the job opportunities and salaries offered.”

 Voz added.

Behind the United States was Saudi Arabia, from which sent $39.35 billion abroad. Switzerland was third, sending $31.91 billion in 2022.

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