plate 358 · 2024 data

India and Mexico got only a third of new remittances

Change in personal remittances received, US$ billion, 2015 to 2024, 157 countries with data in both years.

Money rewired
  1. 1. Central banks now hold more gold than Treasuries or euros
  2. 2. China now pays the world mostly in yuan
  3. 3. Migrants now send home four times all foreign aid
  4. 4. Tether now holds more US Treasuries than the UAE
  5. 5. Developing countries' interest bill has nearly tripled since 2010
  6. 6. Poles edge past the Japanese in income per person
  7. 7. In dollars, Nigeria's economy has more than halved since 2014
  8. 8. Argentina's monthly inflation fell from 25.5% to 1.9%
  9. 9. Guyana now produces more per person than America
  10. 10. Ukraine received four times the aid of any other country
  11. 11. Singapore now draws twice as much foreign investment as China
  12. 12. 22 governments now owe more than a year's national output
  13. 13. Money sent home to Guatemala nearly quadrupled in ten years
  14. 14. In purchasing power, Russia's economy is now bigger than Japan's
  15. 15. Colombians abroad now send home more than foreigners invest
  16. 16. 72 countries now pay China more than it lends them
  17. 17. Pakistan rose to first place in Chinese energy finance
  18. 18. Money sent home now tops half of Tajikistan's economy
  19. 19. Pakistan passed India in tech's share of services exports
  20. 20. Mongolia leapt from 2% to 58% paying utilities by phone
  21. 21. Smaller currencies' share of world reserves has more than doubled
  22. 22. Phone savers now outnumber bank savers in 32 countries
  23. 23. Uzbekistan now receives more than twice Ukraine's remittances
  24. 24. Fewer countries owe China more than the World Bank
  25. 25. Poorer countries now owe Saudi Arabia more than America
  26. 26. Cambodia's bank lending grew from 8% to 121% of GDP
  27. 27. Egypt tripled its ATMs per adult in ten years
  28. 28. Bank branches are past their peak in most countries
  29. 29. Guinea rose from 17th to second for investment in Africa
  30. 30. Navoi doubled its share of Uzbekistan's economy in ten years
  31. 31. Turkmenistan has paid back almost all it owed China
  32. 32. Foreign debt payments now top foreign investment in 87 countries
  33. 33. Gulf governments now owe 13% of international government bonds
  34. 34. Sabah and Sarawak's share of Malaysia's economy keeps shrinking
  35. 35. Venezuela flipped from sending money abroad to receiving it
  36. 36. China holds most government-to-government loans in 36 countries
  37. 37. South Asia nearly doubled its share of the world economy
  38. 38. Colombia now earns more from visitors than Brazil
  39. 39. 26 countries produce less per person than in 2013
  40. 40. India and Mexico got only a third of new remittances
  41. 41. Fewer Mexicans live abroad, yet Mexico receives far more money
  42. 42. Kenyans abroad send home more than Kenya receives in aid
32%

India and Mexico together took $110 billion of the $344 billion rise in money sent home, 2015 to 2024: India +$69bn, Mexico +$41bn. Nearly a third.

+$234bn

The other 155 countries took the rest. 127 of them received more, and 46 at least doubled. Pakistan +$16bn, Guatemala +$15bn, Bangladesh +$12bn, Uzbekistan +$12bn.

$43bn → $102bn

Latin America and the Caribbean outside Mexico (28 countries) alone added $59 billion, nearly as much as India's $69 billion.

Source: World Bank, World Development Indicators: Personal remittances, received (current US$), 2024
the numbers & method

Claim types Fact

World Bank, World Development Indicators, edition of 8 Oct 2026, personal remittances received (BX.TRF.PWKR.CD.DT, current US$), read from the World Bank API via the progrss vault (§4.11, wb-wdi passes value_checks). Set: the 157 countries (aggregates excluded) with a value in both 2015 and 2024; 2025 is used by no one because only 132 countries have reported it so far. Sum of the 157: $524.8 billion in 2015, $869.2 billion in 2024, change +$344.3 billion. India $68.9 bn to $137.7 bn (+$68.8 bn); Mexico $26.8 bn to $67.9 bn (+$41.1 bn); together +$109.8 bn, 31.9% of the rise. The other 155 countries: +$234.5 bn net (127 rose by $254.8 bn, 27 fell by $20.4 bn, one unchanged: Oman, whose World Bank value is identical in both years at $0.04 bn, immaterial); 46 at least doubled. Parts add up exactly; shares and group sums are progrss calculations. Country groups for takeaway 3 are World Bank regions as carried in the vault: Latin America and the Caribbean without Mexico, 28 countries, $42.6 bn to $101.7 bn (+$59.1 bn). Personal remittances include workers' remittances, compensation of employees and personal transfers; the figure is recorded where received, so rich-country receivers such as France (+$15.3 bn) and Germany (+$7.3 bn) are in the 155. Current dollars, not adjusted for inflation. Claim type: Fact (publisher values) with progrss sums. The World Bank's own World aggregate rose $326 billion over the same years; it includes in 2015 countries that lack 2024 data, so the plate uses a fixed set of 157. API last updated 11 Nov 2026, values unchanged. On partial 2025 data (130 countries), the pair's share of the rise since 2015 is 28.8%.

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