Expat Remittances Fall to the Lowest Level since 2017

Updated 4/15/2024 12:24:00 PM
Expat Remittances Fall to the Lowest Level since 2017

In 2017, the remittances stood at $24.7 billion, showing a slight increase to $25.5 billion in 2018 and further climbing to $26.8 billion in 2019, as per data from the Central Bank of Egypt (CBE).

The upward trend continued in 2020, reaching $29.6 billion, and in 2021, the figure rose to $31.5 billion. However, the trend abruptly reversed in 2022, dropping to $28.3 billion.

The downward trajectory continued into 2023, with remittances falling to $19.5 billion.

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CBE

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