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Ranking : Egypt 7th in remittances from workers abroad in 2022 (World Bank)

A World Bank report revealed the volume of remittances of workers abroad, with a total amount of US$831 billion, and a growth of eight percent in low- and middle-income countries to $647 billion.

In this report published under the title “Remittances Remain Resilient but Likely to Slow,” the World Bank predicted that remittances to low and middle-income countries will increase by 1.4 percent to $656 billion in 2023, expecting a decline in economic activity in remittance-sending countries, which will limit job opportunities and increase in wages of expatriates.

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