“Migrants sent $728.6 billion home to families in low and middle-income countries in 2025, nearly double the amount recorded a decade earlier, according to a new report from the UN’s International Fund for Agricultural Development (IFAD).

These transfers, known as remittances, grew by 94 per cent between 2016 and 2025, far outpacing the 28 per cent increase in the number of migrants from those countries.

The gap shows that growth is not simply the result of more people migrating: on average, migrants abroad are sending larger amounts home.

Some 220 million migrants and people from the diaspora support an estimated 1.1 billion relatives.”

From United Nations.