Volume of remittances (in United States dollars) as a proportion of in India
India: Volume of remittances (in United States dollars) as a proportion of was 3.5% in 2024. ▬ Flat
Latest (2024)
3.5%
Change on year
up 7.2%
World rank
81st
of 203 countries
All-time high
4.2%
in 2008
All-time low
2.6%
in 2017
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in India, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in India is 3.5%, measured in 2024.
Compared with earlier readings it is up 7.2% on the previous year and up 2.0% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in India peaked at 4.2% in 2008 and was at its lowest, 2.6%, in 2017.
That places India 81st out of 203 countries with data for 2024, putting it in the middle of the range.
Volume of remittances (in United States dollars) as a proportion of in India, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.8% | — |
| 2001 | 2.9% | +6.9% |
| 2002 | 3.1% | +3.9% |
| 2003 | 3.5% | +13.1% |
| 2004 | 2.6% | -23.5% |
| 2005 | 2.7% | +2.0% |
| 2006 | 3.0% | +11.7% |
| 2007 | 3.1% | +1.5% |
| 2008 | 4.2% | +36.3% |
| 2009 | 3.7% | -12.0% |
| 2010 | 3.2% | -13.0% |
| 2011 | 3.4% | +7.4% |
| 2012 | 3.8% | +9.8% |
| 2013 | 3.8% | +0.1% |
| 2014 | 3.5% | -8.4% |
| 2015 | 3.3% | -5.1% |
| 2016 | 2.7% | -16.5% |
| 2017 | 2.6% | -4.9% |
| 2018 | 2.9% | +12.1% |
| 2019 | 2.9% | +0.8% |
| 2020 | 3.1% | +5.8% |
| 2021 | 2.8% | -9.2% |
| 2022 | 3.3% | +17.8% |
| 2023 | 3.3% | -1.2% |
| 2024 | 3.5% | +7.2% |
India compared with similar countries
- India's 3.5% is below the median for lower middle income countries, which is 6.1%, 58% of the median. (43 countries reporting)
- India's 3.5% is below the median for South Asia, which is 4.8%, 73% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | 2.6% | 4.2% | 10 |
| 2010s | 3.2% | 2.6% | 3.8% | 10 |
| 2020s | 3.2% | 2.8% | 3.5% | 5 |
Countries ranked near India
More economy & growth data for India
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 35.69 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 24.38 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 39.10 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 44.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0099 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.87 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in India?
- Volume of remittances (in united states dollars) as a proportion of in India was 3.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in India?
- The highest recorded value was 4.2% in 2008.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in India?
- The lowest recorded value was 2.6% in 2017.
- How does India rank for volume of remittances (in united states dollars) as a proportion of?
- India ranks 81st out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in India?
- Over the last ten years it is up 2.0%. The long-run trend across the full record is flat.
- Where does this India data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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