“Remittances overtook foreign direct investment in low- and middle-income countries for the first time in 2022. Total global remittances rose from $68 billion in 1990 to $791 billion in 2022. As with previous years, much of this ($614 billion) was received by low- and middle-income countries. Since the mid-1990s, remittance has also greatly surpassed Official Development Assistance.” Remittances to LMICs Overtake FDI for First Time [Statista]