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Monday, July 27, 2015

India to top global remittances with $71 billion in the year 2014

India will retain its top spot with USD 71 billion in remittances this year as remittances to developing countries are expected to reach USD 435 billion, an increase of five per cent over 2013, the World Bank has said.

In its latest issue of the Migration and Development Brief, the World Bank said yesterday India, with the world's largest emigrant stock of 14 million people, will remain in the top spot this year, attracting about USD 71 billion in remittances

Other large recipients are -
  • China (USD 64 billion) 
  • Philippines (USD 28 billion)
  • Mexico (USD 24 billion)
  • Nigeria (USD 21 billion)
  •  Egypt (USD 18 billion)
  • Pakistan (USD 17 billion)
  • Bangladesh (USD 15 billion)
  • Vietnam (USD 11 billion) and
  • Ukraine (USD 9 billion).

1 comment:

  1. If you would like to learn more about remittances to India and other countries, see our analysis at: Thanks