Page 9 - Policy Economic Report - December 2024
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POLICY AND ECONOMIC REPORT
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• The top five recipient countries for remittances in 2024 are India, with an estimated inflow of
$129 billion, followed by Mexico ($68 billion), China ($48 billion), the Philippines ($40 billion), and
Pakistan ($33 billion).
• In smaller economies, remittance inflows represent very large shares of gross domestic product
(GDP), highlighting the importance of remittances for funding the current account and fiscal
shortfalls. Topping the list is Tajikistan (45 percent of GDP), followed by Tonga (38 percent),
Nicaragua (27 percent), Lebanon (27 percent), and Samoa (26 percent).
Figure 4: Top Recipients of Remittances among Low- and Middle-Income Countries in volume,
2024
Source- World Bank
Figure 5: Top Recipients of Remittances among Low- and Middle-Income Countries in % of GDP,
2024
Source- World Bank Page | 8
December 2024
