14 Hrs
Source:
الراي
GCC countries top global remittances at $161B
Worker remittances from the Gulf Cooperation Council (GCC) countries to abroad in 2025 rose to approximately $161 billion, marking the highest global figure with a 13.6% increase compared to 2024. This growth is due to ongoing labor attraction and the expansion of non-oil economic activities. These remittances constitute about 6.6% of the GDP of GCC countries and also reflect the region's economic standing and its influence on global financial flows. For instance, remittances from the United States reached $107 billion, Switzerland $43 billion, Germany $27 billion, and France $21 billion. Such remittances support household incomes, promote economic stability in recipient countries, and underscore the region's regional economic significance within the GCC.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)