Annual remittance inflow to LMI countries worldwide 2016-2023, by region
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 145 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 27 billion U.S. dollars between 2022 and 2024.
