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Migrants Sent $138 Billion to their Home Countries in 2016

Posted by FactReal on December 12, 2018

THAT’S $138 BILLION LOST TO THE U.S. ECONOMY
* Immigrants sent $138,165,000,000 in remittances (funds/assets) from the United States to other countries in 2016, according to the Pew Research Center.
* Out of those $138 billion, $54 billion were sent to Latin America by immigrants in the U.S. in the form of remittances. (See table below)

Note: Remittances are funds/assets sent by migrants to their home countries via formal channels such as banks. Estimates do not include the transfer of other assets, such as gifts, or informal monetary transfers.

Check their interactive map/table here.

FROM U.S. TO THE WORLD
Worldwide, Mexico ranked first in remittances ($28.1 billion) received by migrants living in the United States, followed by China ($15.4 billion), India ($10.7 billion) and the Philippines ($10.5 billion).

remittancesFromUSAtoLatinAmerica2016

FROM U.S. TO LATIN AMERICA
Among Latin American and Caribbean countries, Mexico has long received the highest amount of remittances.

$54 billion in remittances were sent to Latin America by immigrants in the U.S.
In 2016, immigrants living in the United States sent $28.1 billion in remittances to Mexico, followed by Guatemala ($6.8 billion), El Salvador ($4.2 billion), Dominican Republic ($4 billion), and Honduras (3.4 billion).

Country $ Amount
Mexico $28,126,000,000
Guatemala $6,756,000,000
El Salvador $4,194,000,000
Dom. Republic $4,088,000,000
Honduras $3,369,000,000
Colombia $1,537,000,000
Haiti $1,433,000,000
Ecuador $1,125,000,000
Peru $960,000,000
Nicaragua $646,000,000
Brazil $602,000,000
Panama $402,000,000
Costa Rica $368,000,000
Bolivia $148,000,000
Argentina $106,000,000
Venezuela $99,000,000
Belize $85,000,000
Chile $20,000,000
Uruguay $18,000,000
Paraguay $16,000,000
Cuba $ ??
TOTAL $54,098,000,000

Pew Research Center also indicated:

Most of the remittance dollars flowing to Latin America come from the U.S., which is home to two-thirds of all migrants from Latin America and the Caribbean. (For migrants from Mexico, El Salvador, Guatemala and Honduras, this share is far higher – more than 80% of migrants from each of these countries live in the U.S., according to 2017 United Nations estimates.)

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