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Top 10 countries receiving the highest remittances: India has made history by becoming the first country to have the first countries receiving the highest remittances in 2022, according to the United Nations migration agency. The International Organisation for Migration (IOM) recently released its World Migration Report 2024, which revealed that India’s remittances surged to $111 billion last year, surpassing all other nations.
The report highlighted that Mexico, China, the Philippines, and France were the other four nations in the top five remittance recipient countries, with India being the top country receiving remittances in 2010, 2015, 2020, and 2022, highlighting the importance of labour migration from the subregion.
Moreover, the report noted that Southern Asia receives some of the largest inflows of remittances globally since it has a significant number of migrant workers from the region. Three countries, India, Pakistan, and Bangladesh, rank among the top ten recipients of international remittances in the world.
With India setting a new record by receiving over $111 billion in remittances, here’s the list of the top 10 countries receiving the highest remittances in the world presently.
| Rank | Country (2020) | Country (2022) | Remittance amount (2020) | Remittance amount (2022) |
|---|---|---|---|---|
| 1 | India | India | $83.15 | $111.22 |
| 2 | China | Mexico | $59.51 | $51.00 |
| 3 | Mexico | China | $42.88 | $61.10 |
| 4 | Philippines | Philippines | $34.88 | $38.05 |
| 5 | France | France | $30.04 | $30.04 |
| 6 | Pakistan | Pakistan | $26.09 | $29.87 |
| 7 | Egypt | Egypt | $29.60 | $28.33 |
| 8 | Bangladesh | Bangladesh | $21.75 | $21.50 |
| 9 | Germany | Nigeria | $19.32 | $20.13 |
| 10 | Nigeria | Germany | $17.21 | $19.29 |
According to a recent report, India has emerged as the largest recipient of remittances, receiving more than $83 billion in 2022. This marks the first time any country has crossed the $80 billion mark, and India has also surpassed its previous record of $79 billion. It also noted that India is the origin of the largest number of international migrants in the world, with a large diaspora living in countries such as the United Arab Emirates, the United States, and Saudi Arabia.
Additionally, India is ranked 13th as the destination country for immigrants, with 4.48 million immigrants, highlighting that India is involved in some of the top international country-to-country migration corridors, including India – United Arab Emirates, India – US, India – Saudi Arabia, and Bangladesh – India.
