Türkiye: Personal remittances, received (current US$)

Key figures

What the numbers say

In 2025, Türkiye's personal remittances, received (current US$) fell 22.5% on 2024 (from US$982 million to US$761 million).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.3% and a typical year strayed about 26.1% from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 72.5% in 1989 and the biggest yearly fall was 62.3% in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is downward, about US$34.17 million a year. A straight line explains 33% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Türkiye had the 85th highest value of the 131 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Türkiye in the 2025 ranking

• Costa Rica — 82nd of 131: US$845.52 million
• Cyprus — 83rd of 131: US$844.02 million
• Canada — 84th of 131: US$834.01 million
• Iraq — 86th of 131: US$757 million
• Ireland — 87th of 131: US$726.05 million
• West Bank and Gaza — 88th of 131: US$693.29 million

What this measures

Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Limitations: Remittance transactions have grown in importance over the past decade. In a number of developing economies, receipts of remittances have become an important and stable source of funds that exceeds receipts from exports of goods and services or from financial inflows on foreign direct investment. But the quality of statistical remittance data is not high. Remittances are a challenge to measure because of their nature. They are heterogeneous with numerous small transactions conducted by individuals through a wide variety of channels: formal channels, such as electronic wire, or through informal channels, such as cash or goods carried across borders.

Regional and income-group figures are computed by the World Bank as a sum.

All 52 values

Personal remittances, received (current US$) in nearby economies

• Albania — US$2.56 billion (2025)
• Armenia — US$1.57 billion (2025)
• Austria — US$3.83 billion (2025)
• Azerbaijan — US$1.49 billion (2025)
• Belarus — US$2.37 billion (2025)
• Belgium — US$16.35 billion (2025)
• Bosnia and Herzegovina — US$3.49 billion (2025)
• Bulgaria — US$2.75 billion (2025)
• Croatia — US$7.25 billion (2025)
• Cyprus — US$844.02 million (2025)

More economic policy & debt data for Türkiye

• Total reserves, including gold (current US$) — US$185.57 billion (2025)
• Total reserves, excluding gold (current US$) — US$71.62 billion (2025)
• General government final consumption expenditure (current US$) — US$221.44 billion (2025)
• General government final consumption expenditure (current LCU) — 8.74 trillion (2025)
• General government final consumption expenditure (% of GDP) — 13.86% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$873.8 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 34.48 trillion (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 54.71% (2025)

Reading data like this

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Questions people ask

What is Türkiye's personal remittances, received (current US$)?

US$761 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is down 46.63% from US$1.43 billion in 1974 (1.22% a year on average, compounded). The highest value was US$5.36 billion in 1998 and the lowest US$696 million in 2022.

How does Türkiye rank?

85th highest of 131 economies with data for 2025.

Is the latest change in personal remittances, received (current US$) unusual for Türkiye?

In 2025, Türkiye's personal remittances, received (current US$) fell 22.5% on 2024 (from US$982 million to US$761 million). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.3% and a typical year strayed about 26.1% from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BX.TRF.PWKR.CD.DT, licensed CC BY 4.0. Original source: IMF balance of payments data, International Monetary Fund (IMF); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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