Migration Wave Fuels $38 Billion Remittance Surge From Australia—India, China Tops List
India and China were the top two destinations for Australia’s remittances.
The signs of remittance service providers Ria, MoneyGram, Western Union, and Orange Money in Paris, France, on May 29, 2025. Riccardo Milani /Hans Lucas/AFP via Getty Images
Australia’s remittance outflows reached a record high in 2024 amid a migration boom.
New analysis from the remittance comparison website Money Transfer Australia (MTA) has revealed that Australia sent around $38.2 billion (US$25 billion) overseas last year.
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
