Migrant remittances to low/middle-income countries nearly double in decade to $728.6B

UN IFAD reports remittances to low- and middle-income countries reached $728.6 billion in 2025, nearly double the level a decade earlier. The increase reflects sustained migration flows and improved income prospects for migrants, but the report does not specify drivers or breakdowns. This underscores the growing financial dependence of many developing economies on remittance inflows, which may have implications for their external balances and consumption stability.