
Personal remittance inflow towards Middle East and Central Asia as a whole 1970-2023
The value of personal remittances sent to the Middle East and Central Asia decreased by **** percent between 2022 and 2023, according to the latest available data. 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.