The Ethiopian Diaspora Agency (EDA) said Ethiopians living abroad have sent more than $1.64 billion home in the first five months of the current fiscal year.
The amount has been remitted using legal channels, according to EDA.
Ethiopia has a target to garner $4 billion through remittance in the 2021/22 fiscal year.
In the same period, the agency also said at least 399 Ethiopians Diaspora have expressed to invest in their country with a total capital of 22.4 billion Birr.
Apart from the remittance received, Ethiopians living outside Ethiopia have made a significant amount of support to their country.
The Agency also said the diaspora community has so far contributed over 400 million birr in support of displaced People in Ethiopia.
The contributions were made via EyezonEthiopia, a gift-based crowd funding platform, and Ethiopian missions located in the countries they live.