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UK remittance statistics
Where does the UK send its money?
Working in the UK and sending money back home is common practice among many expats – sometimes to support their family directly, others just to send a gift to a friend that still lives in their country of origin. We tried to quantify this more precisely, and found out that the UK consistently sends over $20 billion abroad every year through international money transfers.
The latest stats
Relative amount remitted to top 5 countries
|Country||Amount sent||Percentage of total money sent|
Why do people send money abroad?
Reasons people send money abroad
|Reasons people send money abroad||Percentage|
|To support their family||41.2%|
|As a gift||37.8%|
|For a holiday||23.7%|
|Transfers to own foreign accounts||16.9%|
|For a wedding||9.5%|
Proportion of each generation that has sent money abroad
International money transfer trends
|2017||$3.9 billion||$4.1 billion|
|2016||$3.6 billion||$3.8 billion|
|2015||$3.9 billion||$3.7 billion|
|2014||$3.7 billion||$3.8 billion|
|2013||$3.6 billion||$3.7 billion|
|2012||$4.3 billion||$3.8 billion|
|2011||$3.9 billion||$3.9 billion|
|2010||$3.4 billion||$3.7 billion|
- World Bank
- Finder survey
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