In absolute terms, India ($129 billion), Mexico ($68 billion), and China ($48 billion) remained the top recipients of remittances in 2024. However, it’s smaller and poorer economies that feel the impact the most, as these inflows make up a significant share of their economies. Tajikistan, where remittances accounted for 45.4 percent of GDP in 2024, is one such case. OECD analysts say this is partly driven by the higher demand in Russia for migrant workers.