Russia: Remittances

* indicates monthly or quarterly data series
 Russia

Remittances, million USD

 Latest value 3,300.49
 Year 2022
 Measure million U.S. dollars
 Data availability 1994 - 2022
 Average 4,495.49
 Min - Max 101.50 - 10,432.48
 Source The World Bank
For that indicator, we provide data for Russia from 1994 to 2022. The average value for Russia during that period was 4495.49 million U.S. dollars with a minimum of 101.5 million U.S. dollars in 1996 and a maximum of 10432.48 million U.S. dollars in 2019. The latest value from 2022 is 3300.49 million U.S. dollars. For comparison, the world average in 2022 based on 181 countries is 4215.66 million U.S. dollars. 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 values chart
Russia - Remittances - Recent values chart

Historical chart
Russia - Remittances - historical chart - 1994-2022




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:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 Related indicators Latest value Reference Measure
 Terms of trade 115.25 2021 percent
 Trade openness 43.75 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 28.19 2022 percent
 Exports, billion dollars 466.60 2023 billion U.S. dollars
 Growth of exports -13.89 2022 percent
 Imports, percent of GDP 15.59 2022 percent
 Imports, billion dollars 378.93 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -1.78 2022 percent
 Foreign Direct Investment, billion dollars -39.80 2022 billion U.S. dollars
 Portfolio investment inflows, equities -2,427.19 2023 million dollars (current)
 Current account, percent of GDP 10.48 2022 percent
 Current account, in dollars 50.22 2023 billion U.S. dollars
 Trade balance, percent of GDP 12.60 2022 percent
 Trade balance, in dollars 86.82 2023 billion U.S. dollars
 Reserves 581.71 2022 billion U.S. dollars
 Remittances, percent of GDP 0.15 2022 percent
 Remittances 3,300.49 2022 million U.S. dollars
 Net errors and omissions -5,506.04 2023 million USD
 External debt 17.15 2022 percent
 Short-term external debt 17.43 2022 percent
 Short-term debt to reserves 11.27 2022 percent
 Foreign exchange reserves 569.02 9/2023 billion
This site uses cookies.
Learn more here


OK