5 Countries That Receive the Most International Remittances

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1. Nepal

Remittance Inflows as a Share of GDP: 23.1%

Nepal receives around $9 billion on average in international remittances, comprising 23.1% of its GDP. Recognizing their undeniable importance in development, the Nepal Rastra Bank has introduced policies encouraging the use of formal remittance channels. According to the World Bank, the country has managed to remain unscathed by the exchange rate crises that have affected many other countries in the region, such as Afghanistan and Pakistan. Looking ahead to 2024, experts project a robust growth trend of 3.6%, with the total remittance inflow anticipated to surpass the $10 billion mark.

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