Malta: Remittances

* indicates monthly or quarterly data series
 Malta

Remittances, million USD

 Latest value 233.09
 Year 2023
 Measure million U.S. dollars
 Data availability 1971 - 2023
 Average 112.13
 Min - Max 9.11 - 319.22
 Source The World Bank
The latest value from 2023 is 233.09 million U.S. dollars, an increase from 225.99 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 Malta from 1971 to 2023 is 112.13 million U.S. dollars. The minimum value, 9.11 million U.S. dollars, was reached in 1997 while the maximum of 319.22 million U.S. dollars was recorded in 2004. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Malta - Remittances - Recent values chart

Historical series
Malta - Remittances - historical chart - 1971-2023




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.

Selected articles from our guide:

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International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 104.12 2021 percent
 Trade openness 314.00 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 166.71 2023 percent
 Exports, billion dollars 34.94 2023 billion U.S. dollars
 Growth of exports 8.67 2023 percent
 Imports, percent of GDP 147.29 2023 percent
 Imports, billion dollars 30.87 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 99.73 2023 percent
 Foreign Direct Investment, billion dollars 4.83 2022 billion U.S. dollars
 Portfolio investment inflows, equities 309.94 2022 million dollars (current)
 Current account, percent of GDP 0.90 2023 percent
 Current account, in dollars -1.02 2022 billion U.S. dollars
 Trade balance, percent of GDP 19.42 2023 percent
 Trade balance, in dollars 1.53 2022 billion U.S. dollars
 Reserves 1.22 2023 billion U.S. dollars
 Remittances, percent of GDP 1.11 2023 percent
 Remittances 233.09 2023 million U.S. dollars
 Net errors and omissions -1,216.76 2022 million USD
 Foreign exchange reserves 1.35 9/2024 billion
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