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Can Remittances be the Source of GDP Growth in the Developing Countries? Analyzing Remittances in ECA Countries Abstract Remittances have now become the important source of revenue for the countries to earn foreign exchange. Even, countries now give equal importance to this source of revenue alongwith Foreign Direct Investment (FDI) and have an immense impact on the GDP of developing countries. The study intends to analyze remittances in ECA countries and to find out the answer that whether the money sent from workers employed abroad is the source of GDP growth in the developing countries or not. The study focused to give more understanding in the macroeconomic effect of remittances in development through empirical method in the ECA region. The reason for ECA to be selected was that it is a region which includes countries with relatively high share of remittances to GDP. Since the percentage of remittances to GDP is high in the region, it was estimated that remittances should have a huge influence in the economy which would allow analyzing the effect of remittances easier. But the study finds that three variables RMT, FDI, and GCF are insufficient in explaining GDP per capita growth in the countries with high remittances to GDP ratio. It did not find any corelation between these two variables despite large remittances to GDP recorded in the region.