Remittances to low/middle income regions 2016-2025| ��ƽ��

Value of remittances sent to low-and middle-income countries in various regions worldwide from 2016 to 2023 with forecasts for 2024 and 2025, based on remittance inflow from any other country (in billion U.S. dollars)

Characteristic	Low- and middle-income (LMI) countries in: East Asia and Pacific - including China	LMI countries in: South Asia	LMI countries in: Latin America (LATAM) and the Caribbean	LMI countries in: Middle East and North Africa (MENA)	LMI countries in: Europe and Central Asia	LMI countries in: Sub-Saharan Africa	High-income countries, not covered above
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Sources

Release date

June 2024

More information

Region

Worldwide

Survey time period

June 2024

Special properties

2023 figures are estimates, while 2024 and 2025 figures are forecasts; The source separates between LMI countries and high-income countries.

Supplementary notes

The focus of the report is on low-and middle-income countries. This means figures on "Europe and Central Asia", for example, do not necessarily cover the entirety of the region.

The World Bank, elsewhere, defines low- and middle-income countries as those with a GNI per capita of 13,845 U.S. dollars or less. The source does not provide an exact breakdown of which countries in this particular reporting fall under such a requirement.

Citation formats

Low-and middle-income (LMI) countries in South Asia received more remittances than any other LMI region in the world, such as Latin America. The latter region received approximately *** billion U.S. dollars from other countries, most of which likely comes from the U.S. to Mexico - the biggest remittance corridor in the world. Predictions are that global remittances will increase by ** billion U.S. dollars between 2022 and 2024.