Annual value of outgoing and incoming remittance flow in Kenya 2021, by country
Remittances sent to Kenya were roughly five times larger than the incoming value from abroad in 2021, according to a ranking that maps the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Kenya, the top five recipient countries for remittances in 2021 included Uganda, Somalia, South Sudan, Tanzania, and the Democratic Republic of the Congo. Kenya's main sources for remittances were the United States, the United Kingdom, Canada, Australia, and Uganda.