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Global Remittances for 2024
December 23 , 2024
12 hrs 0 min
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- India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
- India's remittances alone are nearly as much as the annual budgets of Pakistan ($67 billion) and Bangladesh ($68 billion) combined.
- It is also nearly double that of Mexico, which took the second spot on the highest remittances list.
- In this, Mexico came second with $68 billion; China came third at $48 billion, the Philippines came fourth at $40 billion, and Pakistan came fifth at $33 billion.
- India has steadily been receiving remittances of more than $100 billion each year for the last five years, except 2020.
- In the last 10 years, India's overall remittances grew by 57 per cent.
- In total, between 2014 and 2024, India has received nearly $1 trillion US dollars ($982 billion) only in remittances.
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