Recently, which country became the first to get $100 billion in remittances?

In 2022, India made history by receiving over $100 billion in remittances, as reported by the International Organization for Migration (IOM). India’s remittances surged to $111 billion, surpassing all other nations. This milestone underscores India’s position as the leading recipient of remittances globally. Mexico followed as the second-largest recipient, a position it held in 2021. The report highlights India’s significant economic ties with its diaspora worldwide.