remittances

India received an estimated $120 billion in remittances in 2023 and $129 billion in 2024, the most of any country. Here is the full ranking by dollars and by share of GDP, what drives it, and why the numbers disagree.

The United States sends $68 billion in remittances annually — the world's largest source. India receives $125 billion — the world's largest recipient. Global remittances total over $860 billion, exceeding foreign direct investment to developing countries. Here's who sends and receives, and why the cost of sending money across borders is still too high.