diff --git a/analytics/lib/counts.py b/analytics/lib/counts.py
index 19c547e822..32f85bf740 100644
--- a/analytics/lib/counts.py
+++ b/analytics/lib/counts.py
@@ -516,6 +516,11 @@ count_stats_ = [
               CountStat.DAY, interval=timedelta(days=15)-UserActivityInterval.MIN_INTERVAL_LENGTH),
     CountStat('minutes_active::day', DataCollector(UserCount, do_pull_minutes_active), CountStat.DAY),
 
+    # Rate limiting stats
+
+    # Used to limit the number of invitation emails sent by a realm
+    LoggingCountStat('invites_sent::day', RealmCount, CountStat.DAY),
+
     # Dependent stats
     # Must come after their dependencies.
 
diff --git a/analytics/tests/test_counts.py b/analytics/tests/test_counts.py
index 61b01038b1..430086930b 100644
--- a/analytics/tests/test_counts.py
+++ b/analytics/tests/test_counts.py
@@ -19,11 +19,13 @@ from analytics.models import Anomaly, BaseCount, \
     FillState, InstallationCount, RealmCount, StreamCount, \
     UserCount, installation_epoch, last_successful_fill
 from zerver.lib.actions import do_activate_user, do_create_user, \
-    do_deactivate_user, do_reactivate_user, update_user_activity_interval
+    do_deactivate_user, do_reactivate_user, update_user_activity_interval, \
+    do_invite_users, do_revoke_user_invite, do_resend_user_invite_email, \
+    InvitationError
 from zerver.lib.timestamp import TimezoneNotUTCException, floor_to_day
 from zerver.models import Client, Huddle, Message, Realm, \
     RealmAuditLog, Recipient, Stream, UserActivityInterval, \
-    UserProfile, get_client, get_user
+    UserProfile, get_client, get_user, PreregistrationUser
 
 class AnalyticsTestCase(TestCase):
     MINUTE = timedelta(seconds = 60)
@@ -747,6 +749,45 @@ class TestLoggingCountStats(AnalyticsTestCase):
         self.assertEqual(1, RealmCount.objects.filter(property=property, subgroup=False)
                          .aggregate(Sum('value'))['value__sum'])
 
+    def test_invites_sent(self) -> None:
+        property = 'invites_sent::day'
+
+        def assertInviteCountEquals(count: int) -> None:
+            self.assertEqual(count, RealmCount.objects.filter(property=property, subgroup=None)
+                             .aggregate(Sum('value'))['value__sum'])
+
+        user = self.create_user(email='first@domain.tld')
+        stream, _ = self.create_stream_with_recipient()
+        do_invite_users(user, ['user1@domain.tld', 'user2@domain.tld'], [stream])
+        assertInviteCountEquals(2)
+
+        # We currently send emails when re-inviting users that haven't
+        # turned into accounts, so count them towards the total
+        do_invite_users(user, ['user1@domain.tld', 'user2@domain.tld'], [stream])
+        assertInviteCountEquals(4)
+
+        # Test mix of good and malformed invite emails
+        try:
+            do_invite_users(user, ['user3@domain.tld', 'malformed'], [stream])
+        except InvitationError:
+            pass
+        assertInviteCountEquals(4)
+
+        # Test inviting existing users
+        try:
+            do_invite_users(user, ['first@domain.tld', 'user4@domain.tld'], [stream])
+        except InvitationError:
+            pass
+        assertInviteCountEquals(5)
+
+        # Revoking invite should not give you credit
+        do_revoke_user_invite(PreregistrationUser.objects.filter(realm=user.realm).first())
+        assertInviteCountEquals(5)
+
+        # Resending invite should cost you
+        do_resend_user_invite_email(PreregistrationUser.objects.first())
+        assertInviteCountEquals(6)
+
 class TestDeleteStats(AnalyticsTestCase):
     def test_do_drop_all_analytics_tables(self) -> None:
         user = self.create_user()
diff --git a/zerver/lib/actions.py b/zerver/lib/actions.py
index 684ff76fe1..afeac4433a 100644
--- a/zerver/lib/actions.py
+++ b/zerver/lib/actions.py
@@ -3972,6 +3972,12 @@ def do_invite_users(user_profile: UserProfile,
         raise InvitationError(_("We weren't able to invite anyone."),
                               skipped, sent_invitations=False)
 
+    # We do this here rather than in the invite queue processor since this
+    # is used for rate limiting invitations, rather than keeping track of
+    # when exactly invitations were sent
+    do_increment_logging_stat(user_profile.realm, COUNT_STATS['invites_sent::day'],
+                              None, timezone_now(), increment=len(validated_emails))
+
     # Now that we are past all the possible errors, we actually create
     # the PreregistrationUser objects and trigger the email invitations.
     for email in validated_emails:
@@ -4030,6 +4036,9 @@ def do_resend_user_invite_email(prereg_user: PreregistrationUser) -> str:
     prereg_user.invited_at = timezone_now()
     prereg_user.save()
 
+    do_increment_logging_stat(prereg_user.realm, COUNT_STATS['invites_sent::day'],
+                              None, prereg_user.invited_at)
+
     clear_scheduled_invitation_emails(prereg_user.email)
     # We don't store the custom email body, so just set it to None
     event = {"prereg_id": prereg_user.id, "referrer_id": prereg_user.referred_by.id, "email_body": None}