Japan played a substantial role for Brazilians when it came to either receiving or sending money abroad in 2021. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Brazil, the top five recipient countries for remittances in 2021 included Japan, Portugal, Spain, France, and Italy. Brazil's five main sources for remittances were the United States, Japan, Portugal, Italy, and Spain.

Remittances in Brazil increased to 393.90 USD Million in October from 355.10 USD Million in September of 2025. This dataset provides - Brazil Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The personal remittances received in Brazil are projected to increase by roughly ****** million U.S. dollars (**** percent) in 2024 in comparison to the previous year. Nevertheless, the last two years recorded significant higher personal remittances received than the preceding years.Personal remittances refer to personal transfers and compensation of employees. The former includes all current transfers between resident and nonresident individuals, while the latter refers to the income of workers who are employed in an economy where they are not resident, and of residents employed by nonresident entities. These include border, seasonal, and other short-term workers.

Actual value and historical data chart for Brazil Remittance Inflows To GDP Percent

Graph and download economic data for Remittance Inflows to GDP for Brazil (DDOI11BRA156NWDB) from 1975 to 2020 about remittances, Brazil, and GDP.

The share of digital remittances entering Brazil was noticeably higher in 2025 than in previous years, making up half of all money transfers to the country. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Brazil. The ***** countries from which Brazil receives the highest value of remittances include the U.S., Japan, and Portugal. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Brazil Remittance & Cross-Border Transfers Market valued at USD 25 Bn, driven by migration and digital platforms, with growth in personal remittances and fintech innovations.

Brazil's remittance market is expected to grow at 5.45% CAGR from 2024 to 2029, supported by rising migrant worker incomes and digital transfer platforms.

MoneyGram was used the most for incoming remittances to Brazil, although its market share - around****** percent - stayed relatively unchanged in Q1 2025. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Brazil. The three countries from which Brazil received the highest value of remittances are the U.S., Japan, and Portugal. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Brazil Remittance Market is expected to grow during 2025-2031

Remittances entering Brazil took more than *** day to be processed in 2024, a figure that was much higher if cash or bank account transfers were involved. This is according to a Statista estimate that aims to compare the transaction speed listed for different international money transfer channels across the world. Generally, digital remittance tend to process remittances much faster. The figures shown here have originally been gathered by the World Bank using mystery shopping. "Traditional end-to-end" and "digital to traditional" are categories assigned by Statista, and refer to the payment method used at the remittance sending side and the method used when receiving. "Traditional" refers to cash and bank account transfers, while "Digital" includes everything that does not involve these (e.g., cards, mobile wallets, mobile money, etc.). In this statistic, the categories "traditional to digital" and "digital end-to-end" have been excluded, as there were not enough channels to use these. In the case of Brazil, the "traditional end-to-end" and "digital to traditional" covered **** percent of all recorded channels since 2016.

Brazil Digital Remittance Platforms Market valued at USD 10 billion, driven by rising expatriates, digital adoption, and lower costs. Key segments include P2P transfers and individual consumers.

Personal remittances, received of Brazil jumped by 10.57% from 4,433,700,953 US dollars in 2023 to 4,902,400,448 US dollars in 2024. Since the 1.50% reduction in 2017, personal remittances, received shot up by 81.65% in 2024. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

In Africa Remittance Market was is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.8% from 2023 to 2032.

Brazil BR: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 0.204 % in 2023. This records a decrease from the previous number of 0.255 % for 2022. Brazil BR: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 0.153 % from Dec 1975 (Median) to 2023, with 49 observations. The data reached an all-time high of 0.546 % in 1992 and a record low of 0.010 % in 1988. Brazil BR: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.;World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.;Weighted average;Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Brazil's digital remittance market is anticipated to exceed USD 870 million by 2024–2029, driven by the increasing adoption of mobile money transfer services.

The value of personal remittances paid in Brazil decreased by 148.39 million U.S. dollars (-8.6 percent) since the previous year. With 2.09 billion U.S. dollars, the value thereby reached its lowest value in the observed period. Personal remittances comprise personal transfers and compensation of employees. Personal transfers include all current transfers between resident and nonresident individuals, while the compensation of employees refers to the income of employees who are employed in an economy where they are not resident, as well as of resident employees employed by nonresident entities.

Personal remittances, paid (current US$) in Brazil was reported at 2090043730 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Brazil - Workers' remittances and compensation of employees, paid - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Comprehensive dataset containing 928 verified Money transfer service businesses in Brazil with complete contact information, ratings, reviews, and location data.

Comprehensive dataset containing 13 verified Money transfer service businesses in State of Espírito Santo, Brazil with complete contact information, ratings, reviews, and location data.