Russia: Remittances

* indicates monthly or quarterly data series
 Russia

Remittances, million USD

 Latest value 6,800.00
 Year 2023
 Measure million U.S. dollars
 Data availability 1994 - 2023
 Average 4,572.31
 Min - Max 101.50 - 10,432.48
 Source The World Bank
The latest value from 2023 is 6800 million U.S. dollars, an increase from 3300.49 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 Russia from 1994 to 2023 is 4572.31 million U.S. dollars. The minimum value, 101.5 million U.S. dollars, was reached in 1996 while the maximum of 10432.48 million U.S. dollars was recorded in 2019. 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
Russia - Remittances - Recent values chart

Historical series
Russia - Remittances - historical chart - 1994-2023




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 115.25 2021 percent
 Trade openness 41.83 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 23.08 2023 percent
 Exports, billion dollars 466.60 2023 billion U.S. dollars
 Growth of exports -13.89 2022 percent
 Imports, percent of GDP 18.75 2023 percent
 Imports, billion dollars 378.93 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.55 2023 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 2.49 2023 percent
 Current account, in dollars 50.22 2023 billion U.S. dollars
 Trade balance, percent of GDP 4.34 2023 percent
 Trade balance, in dollars 86.82 2023 billion U.S. dollars
 Reserves 597.22 2023 billion U.S. dollars
 Remittances, percent of GDP 0.34 2023 percent
 Remittances 6,800.00 2023 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 633.74 9/2024 billion
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