Remittance Outflows Statistics in India (2026)
As of 2024, personal remittances paid in India was $12.1 billion, per World Bank World Development Indicators data. Down from $12.4 billion in 2023 to $12.1 billion in 2024. India ranks #1 of 6 economies in South Asia on this measure, and #16 of 181 globally.
Key Statistics
- Latest value (2024)
- $12.1 billion (2024)
- Remittance Outflows in India as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −2.3% (2024)
- Down from $12.4 billion in 2023 to $12.1 billion in 2024.
- CAGR 1990–2024
- +15% per year (2024)
- Compound annual growth rate from $105.6 million in 1990 to $12.1 billion in 2024.
- Earliest value in this dataset (1990)
- $105.6 million (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from $105.6 million in 1990 to $12.1 billion in 2024.
- Peak value (2023)
- $12.4 billion (2023)
- Highest value in the available series; the 2024 value is $12.1 billion.
- Rank in South Asia
- #1 of 6 (2024)
- India ranks 1 of 6 countries in South Asia with data, based on each country's latest value.
- Global rank
- #16 of 181 (2024)
- India ranks 16 of 181 countries with data globally.
- South Asia average
- $2.2 billion (2024)
- India ($12.1 billion) is above the average of $2.2 billion across the 6 countries in South Asia with data.
- Projected 2026 value
- $14.1 billion (2026)
- Projection based on 7-year trend (CAGR 8.2%); not an official figure.
- International migrant stock (% of population) (2024)
- 0.3% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in India (2025)
- 70% (2025)
- 70% of the population in India used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 1.5 billion (2024)
- India had a population of 1.5 billion in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | current US$ | Change |
|---|---|---|
| 2024 | 12.1B | −2.3% |
| 2023 | 12.4B | +22.5% |
| 2022 | 10.1B | +23.3% |
| 2021 | 8.2B | +16.7% |
| 2020 | 7B | −6.9% |
| 2019 | 7.5B | +11.1% |
| 2018 | 6.8B | −2.5% |
| 2017 | 7B | +23.8% |
| 2016 | 5.6B | +15.2% |
| 2015 | 4.9B | −21.5% |
| 2014 | 6.2B | −3.3% |
| 2013 | 6.4B | +29.6% |
| 2012 | 5B | +21.7% |
| 2011 | 4.1B | +6.5% |
| 2010 | 3.8B | +32.5% |
| 2009 | 2.9B | −24.2% |
| 2008 | 3.8B | +85.1% |
| 2007 | 2.1B | +31.9% |
| 2006 | 1.6B | +15.8% |
| 2005 | 1.3B | −18.4% |
| 2004 | 1.7B | +30.6% |
| 2003 | 1.3B | +6.6% |
| 2002 | 1.2B | +58.0% |
| 2001 | 751.1M | +54.5% |
| 2000 | 486.1M | +1244.1% |
| 1999 | 36.2M | −18.1% |
| 1998 | 44.2M | −72.7% |
| 1997 | 161.6M | −70.0% |
| 1996 | 538M | +28.3% |
| 1995 | 419.2M | +19.5% |
| 1994 | 350.8M | +35.2% |
| 1993 | 259.4M | +282.8% |
| 1992 | 67.8M | +31.4% |
| 1991 | 51.6M | −51.1% |
| 1990 | 105.6M | — |
Frequently asked questions
What is the latest figure for personal remittances paid in India?
Personal remittances paid in India stood at $12.1 billion in 2024, according to World Bank World Development Indicators data.
What could remittance outflows in India look like in 2026?
A trend-based projection puts it at $14.1 billion in 2026. Projection based on 7-year trend (CAGR 8.2%); not an official figure.
When did remittance outflows in India peak?
The highest value in the available series was $12.4 billion in 2023; the latest (2024) value is $12.1 billion.
How recent is the remittance outflows data for India?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for India.
Where does the remittance outflows data for India come from?
The data comes from the World Bank World Development Indicators (indicator BM.TRF.PWKR.CD.DT). The latest observation for India is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BM.TRF.PWKR.CD.DT, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .