Ethiopia records 824% remittance growth over the decade, accounting for 5% of national GDP

Ethiopia has rapidly ascended to become Africa’s fourth-largest remittance recipient, pulling in an estimated US$7.14 billion in formally recorded inflows. According to the International Fund for Agricultural Development’s (IFAD) Sending Money Home 2026 report, this milestone represents an extraordinary 824% surge in Ethiopia’s remittance receipts since 2016. These private financial transfers have evolved into an […]