5 Countries That Receive the Most International Remittances

3. The Dominican Republic

Remittance Inflows as a Share of GDP: 9.46%

In 2022, the Dominican Republic experienced a notable decline in its remittance inflows, with a reduction of 4.3%. This drop reflects a shift in the financial landscape and the dynamics of money transfers into the country. Remittances have consistently contributed to household income and aided in poverty alleviation. The current downturn can be attributed to changes in employment opportunities for Dominicans abroad and potential shifts in migration patterns.