China: Remittances

* indicates monthly or quarterly data series
 China

Remittances, million USD

 Latest value 49,500.00
 Year 2023
 Measure million U.S. dollars
 Data availability 1982 - 2023
 Average 9,638.55
 Min - Max 188.86 - 49,500.00
 Source The World Bank
The latest value from 2023 is 49500 million U.S. dollars, an increase from 26105.77 million U.S. dollars in 2022. In comparison, the world average is 4590.03 million U.S. dollars, based on data from 184 countries. Historically, the average for China from 1982 to 2023 is 9638.55 million U.S. dollars. The minimum value, 188.86 million U.S. dollars, was reached in 1989 while the maximum of 49500 million U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
China - Remittances - Recent values chart

Historical series
China - Remittances - historical chart - 1982-2023




Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

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 Related indicators Latest Reference Measure
 Terms of trade 90.22 2021 percent
 Trade openness 37.32 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 19.74 2023 percent
 Exports, billion dollars 3,513.24 2023 billion U.S. dollars
 Imports, percent of GDP 17.57 2023 percent
 Imports, billion dollars 3,127.20 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.24 2023 percent
 Foreign Direct Investment, billion dollars 180.17 2022 billion U.S. dollars
 Portfolio investment inflows, equities 7,446.11 2023 million dollars (current)
 Current account, percent of GDP 1.72 2022 percent
 Current account, in dollars 252.99 2023 billion U.S. dollars
 Trade balance, percent of GDP 2.17 2023 percent
 Trade balance, in dollars 386.06 2023 billion U.S. dollars
 Reserves 3,449.54 2023 billion U.S. dollars
 Remittances, percent of GDP 0.28 2023 percent
 Remittances 49,500.00 2023 million U.S. dollars
 Net errors and omissions -37,925.85 2023 million USD
 External debt 13.44 2022 percent
 Short-term external debt 52.96 2022 percent
 Short-term debt to reserves 38.26 2022 percent
 Foreign exchange reserves 3,571.80 9/2024 billion
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