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Remittances, defined as monetary transfers made by migrants to their home countries, play a crucial role in global economies and the livelihoods of individuals and families. In some countries, remittances account for more than 30% of the total economic output.
Due to its large diaspora, India consecutively remains the top receiver of remittances. In 2022, the top six recipient countries for remittances inflows in current [when?] U.S. dollars were India ($100 billion), Mexico ($60 billion), China ($51 billion), the Philippines ($38 billion), Egypt ($32 billion) and Pakistan ($29 billion). [citation ...
This major increase in remittances can be partially attributed to the larger population of immigrants and migrant workers, [5] as well as to increasing globalization in the financial and money markets. China and India are also major recipients of U.S. remittances, and are the top two recipients of remittances globally.
Whereas total of US$7.01 billion (2020) was made in remittances to other countries from India. The following tables list the top ten source countries for remittances to India and the top ten destination countries for remittances from India in 2017. [3] Somewhat different figures have been estimated by the Reserve Bank of India. [23]
List of countries by remittances received; M. Merchantrade Asia; R. Remittances from the United States; Remittances to Azad Kashmir; Remittances to Bangladesh;
Remittances to Bangladesh are money transfers (remittances) sent by the Bangladeshi diaspora to Bangladesh. According to the World Bank , Bangladesh is the 7th highest recipient of remittances in the world [ 1 ] with almost $22.1 billion in 2021 and was the third highest recipient of remittances in South Asia . [ 2 ]
The DR Congo was the second highest recipient of international aid in 2011, receiving US $5.532 billion. [1] This is a list of countries based on the official development assistance (ODA) they have received for the given year.
In 2013, 23% of all remittances globally were sent from the GCC region. The total official value was estimated to be approximately US$90 billion. [8] In 2016, Saudi Arabia was second on the list of remittance sending countries and other GCC member states were also among the top countries concerning outflows of remittances.