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.