The value of personal remittances sent to Latin America increased by nearly ** percent between 2021 and 2022, the largest increase since 2006. This is according to estimates made by the World Bank on data from the IMF that tracked the balance of payments between countries. All figures provided here have been summed from this individual country's data. The source adds that "personal remittances" consist of both personal transfers between resident and nonresident individuals, as well as the compensation of employees. By definition, then, the numbers shown here focus on migrant workers. In the case of Latin America, this could include transfers sent from migrant workers working in the United States to their homes in El Salvador. Note that consumers with a second home abroad but who receive pensions from their country of origin - for example, U.S. citizens living in Costa Rica - can sometimes also be counted as remittances.

The value of personal remittances sent to North America increased by nearly ** percent between 2020 and 2021, the largest increase since 2012. This is according to estimates made by the World Bank on data from the IMF that tracked the balance of payments between countries. All figures provided here have been summed from this individual country's data. The source adds that "personal remittances" consist of both personal transfers between resident and nonresident individuals, as well as the compensation of employees. By definition, then, the numbers shown here focus on migrant workers and likely includes remittances sent from the United States to Mexico, one of the biggest remittance corridors in the world. Note, however, that consumers with a second home abroad but who receive pensions from their country of origin can sometimes also be counted as remittances.

The value of personal remittances sent from North America grew by nearly 10 percent between 2020 and 2021, a recovery from the previous year. This is according to estimates made by the World Bank on data from the IMF that tracked the balance of payments between countries. All figures provided here have been summed from this individual country's data. The source adds that "personal remittances" consist of both personal transfers between resident and nonresident individuals, as well as the compensation of employees. By definition, then, the numbers shown here focus on migrant workers, although it should be noted that remittances consist of more than that. Consumers with a second home abroad but who receive pensions from their country of origin can sometimes also be counted as remittances.

Money transfers to other countries outside the United States were nearly 30 times higher in 2021 than money received. 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 the United States, the top five recipient countries for remittances in 2021 included Mexico, India, Guatemala, the Philippines, and China. The five main sources for remittances in the U.S. were Mexico, Canada, the UK, Puerto Rico, and Germany.

The value of outgoing personal remittances sent from Latin America increased by nearly five percent between 2020 and 2021, a recovery from the previous year. This is according to estimates made by the World Bank on data from the IMF that tracked the balance of payments between countries. All figures provided here have been summed from this individual country's data. The source adds that "personal remittances" consist of both personal transfers between resident and nonresident individuals, as well as the compensation of employees. By definition, then, the numbers shown here focus on migrant workers, although it should be noted that remittances consist of more than that. Consumers with a second home abroad but who receive pensions from their country of origin can sometimes also be counted as remittances.

Preliminary figures for 2023 revealed that Filipinos working in the United States sent around 13.71 billion U.S. dollars in cash remittances to the Philippines in 2023. The cash remittances from OFWs in the U.S. gradually increased.

Between January to December 2024, preliminary figures indicate that overseas Filipino workers (OFWs) in the Americas sent the highest total cash remittances to the Philippines. Cash remittances from the region reached approximately 15.7 billion U.S. dollars. In comparison, OFWs in Europe sent about 3.9 billion U.S. dollars that year. Cash remittances refer to the money sent through banks by land-based and sea-based workers.

According to the preliminary figures reported for 2024, the value of cash remittances sent to the Philippines by overseas workers reached approximately 34.5 billion U.S. dollars. Most of these remittances came from land-based overseas Filipino workers (OFWs).

Remittances sent from China were valued at the highest amount in the Asia Pacific region in 2019, at 15.34 billion U.S. dollars. Remittances sent from Thailand almost doubled in 2019, at 8.9 billion U.S. dollars compared to 4.9 billion U.S. dollars in 2018. A remittance is a transfer of money by a foreign worker to an individual in their home country.

The biggest U.S. remittance receivers in Latin America are Mexico and Guatemala, with both countries receiving over 10 billion U.S. dollars. This is according to a database that tries to model money sent internationally from one party to another. Remittances typically refer to money sent from migrant workers back home to family and friends, although there are other forms of this. Remittances can, for example, include pensioners who have a second home in a foreign country. Nevertheless, Asia Pacific is often referred to as the main receiver of remittances.

Preliminary figures revealed that the total value of cash remittances sent by overseas Filipino workers (OFWs) based in India amounted to about 7.54 million U.S. dollars in 2023. Cash remittances sent by OFWs in India fluctuated since 2014, with its peak value recorded in 2018.

China received over 20 times more remittances from abroad in 2021 than the value it sent itself to other countries, according to a ranking on the flow of such transfers. 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 China, the top three recipients for remittances in 2021 included South Korea, the Philippines, and Brazil. China's main sources for remittances - accounting for nearly half of all inflow - were the United States and Hong Kong.

The value of remittances to India outweighed the value sent to other countries about 10 times in 2021, according to a ranking that maps the flow of such money transfers. 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 India, the top five recipient countries for remittances in 2021 included Bangladesh, Nepal, China, Sri Lanka, and the United States. India's main sources for remittances were the United Arab Emirates, the United States, Saudi Arabia, Oman, and Kuwait.

Land-based overseas Filipino workers (OFWs) remittances accounted for the highest value of the total remittances sent to the Philippines. In 2024, remittances of land-based OFWs reached approximately 28 billion U.S. dollars. In comparison, sea-based OFWs sent seven billion U.S. dollars in cash remittances.

The total amount of inflows of remittances from migrants to low-income countries increased almost steadily since 1990, and especially since 2000. In 2022, the total inflows of remittances in low-income countries were estimated to have reached over 644 billion U.S. dollars. Remittances have even surpassed the total amount of official development assistance (ODA) and foreign direct investment (FDI) in recent years.

Preliminary figures revealed that the total value of cash remittances sent to the Philippines by overseas Filipino workers (OFWs) in Canada amounted to approximately 1.21 billion U.S. dollars in 2023. Cash remittances by OFWs in Canada gradually increased since 2016.

Preliminary figures revealed that the total value of cash remittances by overseas Filipino workers in mainland China amounted to around 24.2 million U.S. dollars in 2023. Cash remittances sent by OFWs in China significantly declined from its peak value in 2016.

Tijuana was the Mexican municipality with the largest amount of remittances received in 2019. In total, Mexico received about 36.05 billion U.S. dollars of money transfers from abroad in that year, of which over 476 million U.S. dollars were destined to Tijuana. Also during that year, Michoacán was the Mexican state with the largest amount of remittances received. Mexico City, the country's capital, is considered a 'federal entity' and therefore not included in this statistic.

Remittances sent to Africa went largely towards Egypt, Nigeria, and Morocco in 2021, with each country receiving at least 10 billion billions worth of dollars. This is according to a database that tries to model money sent internationally from one party to another. Remittances typically refer to money sent from migrant workers back home to family and friends, although there are other forms of this. Remittances can, for example, include pensioners who have a second home in a foreign country. Nevertheless, Asia Pacific - not Africa - is often referred to as the main receiver of remittances.

Preliminary figures suggest that the total value of cash remittances sent to the Philippines by overseas Filipino workers (OFWs) based in Brunei Darussalam amounted to approximately 28.54 million U.S. dollars in 2023. The lowest amount of cash remittances sent by OFWs in Brunei was recorded in 2017 at 3.8 million U.S. dollars.