Archive · 25 Sep 2025
July Remittances Decline Driven by Travel, Education Spending
In July 2025, people sent less money to other countries than they did the year before.
The total amount sent was $2.45 billion, a decrease of 10.9%.
This happened because people spent less on traveling and studying abroad.
Spending on international travel fell by 13%, and spending on education dropped by 16%.
Overall, remittances from April to July 2025 are significantly lower than the same period in 2024.
This is the first decline since July 2020.
Outward remittances declined 10.9% year-on-year in July 2025.
Total remittances in July 2025 were $2.45 billion.
International travel spending declined by 13% year-on-year in July 2025.
Education-related spending fell 16% year-on-year in July 2025.
Overall remittances from April-July 2025 are down 28% from the same period in 2024.
- Who
- Resident individuals
- What
- Outward remittances declined
- When
- July 2025
- Where
- Not specified
- Why
- Due to decreased travel and education spending
- Decline in Remittances (July 2025)
- 10.9% Y-o-Y at $2.45 billion
- Decline in Travel Spending (July 2025)
- 13% Y-o-Y to $1.4 billion
- Decline in Education Spending (July 2025)
- 16% Y-o-Y to $0.22 billion
- LRS Total Outward Remittances (April-July 2025)
- $6.9 billion (28% decline from 2024)
- LRS Limit
- $250,000 per financial year per individual