China has moved to the 3rd spot in the rankings. In 2022, China received $51 billion in remittances, down from $59.51 billion in 2020. It got $52.46 billion in 2010 and $63.94 billion in 2015. “The contraction of remittance flows to China has been attributed to multiple factors, including demographic shifts that have resulted in the shrinking of the working age population and the country’s zero-COVID policy, which prevented people from travelling abroad for work,” the report said.
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