Global Remittances

Creator: Preyash Shah

Insights

• Total bilateral remittances amounted to $770 billion.

• India was the largest recipient of remittances for the 17th consecutive year, with inflows of $90+ billion.

• The United States was the largest source of remittances, accounting for 26% of global remittance flows in 2021.

Remittances are an important source of financing for development, and they play a vital role in supporting the lives of millions of people around the world. It is important to continue to work to make remittances more affordable and accessible, and to promote policies that support the economic well-being of migrants and their families.

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