The total amount of inflows of remittances from migrants to low-income countries increased almost steadily since 1990, and especially since 2000. In 2022, the total inflows of remittances in low-income countries were estimated to have reached over 644 billion U.S. dollars. Remittances have even surpassed the total amount of official development assistance (ODA) and foreign direct investment (FDI) in recent years.
Inflows of remittances in low- and middle-income countries from 1990 to 2022, with a forecast for 2023
Characteristic
Incoming remittances (in million U.S. dollars)
Year-on-year percentage change (%)
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KNOMAD, & Statista, & World Bank. (December 31, 2023). Inflows of remittances in low- and middle-income countries from 1990 to 2022, with a forecast for 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1377810/remittances-low-income-countries-migrants-inflows/
KNOMAD, und Statista, und World Bank. "Inflows of remittances in low- and middle-income countries from 1990 to 2022, with a forecast for 2023." Chart. December 31, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1377810/remittances-low-income-countries-migrants-inflows/
KNOMAD, Statista, World Bank. (2023). Inflows of remittances in low- and middle-income countries from 1990 to 2022, with a forecast for 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1377810/remittances-low-income-countries-migrants-inflows/
KNOMAD, and Statista, and World Bank. "Inflows of Remittances in Low- and Middle-income Countries from 1990 to 2022, with a Forecast for 2023." Statista, Statista Inc., 31 Dec 2023, https://www.statista.com/statistics/1377810/remittances-low-income-countries-migrants-inflows/
KNOMAD & Statista & World Bank, Inflows of remittances in low- and middle-income countries from 1990 to 2022, with a forecast for 2023 Statista, https://www.statista.com/statistics/1377810/remittances-low-income-countries-migrants-inflows/ (last visited July 22, 2024)
Inflows of remittances in low- and middle-income countries from 1990 to 2022, with a forecast for 2023 [Graph], KNOMAD, & Statista, & World Bank, December 31, 2023. [Online]. Available: https://www.statista.com/statistics/1377810/remittances-low-income-countries-migrants-inflows/