Remittance inflows to GDP in India
India: Remittance inflows to GDP was 3.1% in 2020. ◆ Volatile
Remittance inflows to GDP in India, 1975–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in India is 3.1%, measured in 2020.
The figure is up 5.9% on the previous year and down 2.3% over ten years.
Over the whole period, remittance inflows to gdp in India peaked at 4.2% in 2008 and was at its lowest, 0.4%, in 1975.
That places India 83rd out of 197 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in India, year by year
| Year | % | Change |
|---|---|---|
| 1975 | 0.4% | — |
| 1976 | 0.6% | +43.2% |
| 1977 | 0.8% | +23.0% |
| 1978 | 0.8% | +10.3% |
| 1979 | 0.9% | +10.7% |
| 1980 | 1.5% | +57.5% |
| 1981 | 1.2% | -19.6% |
| 1982 | 1.3% | +9.6% |
| 1983 | 1.2% | -6.5% |
| 1984 | 1.1% | -11.3% |
| 1985 | 1.1% | -1.8% |
| 1986 | 0.9% | -15.3% |
| 1987 | 1.0% | +6.2% |
| 1988 | 0.8% | -18.3% |
| 1989 | 0.9% | +13.1% |
| 1990 | 0.7% | -15.9% |
| 1991 | 1.2% | +64.0% |
| 1992 | 1.0% | -17.4% |
| 1993 | 1.3% | +25.5% |
| 1994 | 1.8% | +41.9% |
| 1995 | 1.7% | -3.5% |
| 1996 | 2.2% | +29.2% |
| 1997 | 2.5% | +11.3% |
| 1998 | 2.2% | -9.4% |
| 1999 | 2.4% | +7.8% |
| 2000 | 2.8% | +13.4% |
| 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% | +1.0% |
| 2020 | 3.1% | +5.9% |
India compared with similar countries
- India's 3.1% is below the median for lower middle income countries, which is 4.9%, 63% of the median. (47 countries reporting)
- India's 3.1% is below the median for South Asia, which is 4.7%, 66% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7% | 0.4% | 0.9% | 5 |
| 1980s | 1.1% | 0.8% | 1.5% | 10 |
| 1990s | 1.7% | 0.7% | 2.5% | 10 |
| 2000s | 3.1% | 2.6% | 4.2% | 10 |
| 2010s | 3.2% | 2.6% | 3.8% | 10 |
| 2020s | 3.1% | 3.1% | 3.1% | 1 |
Countries ranked near India
More financial sector data for India
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in India?
- Remittance inflows to gdp in India was 3.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in India?
- The highest recorded value was 4.2% in 2008.
- What is the lowest remittance inflows to gdp recorded in India?
- The lowest recorded value was 0.4% in 1975.
- How does India rank for remittance inflows to gdp?
- India ranks 83rd out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in India?
- Over the last ten years it is down 2.3%. The long-run trend across the full record is volatile.
- Where does this India data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.