Numbers, Facts and Trends Shaping Your World

Global Trade

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    Views of a Changing World 2003

    The speed of the war in Iraq and the prevailing belief that the Iraqi people are better off as a result have modestly improved the image of America. But in most countries, opinions of the U.S. are markedly lower than they were a year ago.

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    Billions In Motion

    Central banks across the region are tracking remittance income more carefully which has somewhat boosted the numbers they report. Nonetheless, there seems little doubt that the remittance flow has continued to increase over the past two years even as the U.S. economy dropped from its boom time peaks. In 2000 remittances to Mexico, El Salvador, Guatemala, Honduras and Nicaragua–nations that receive almost all their money transfers from the United States–totaled some $10.2 billion. This year that figure could reach $14.2 billion or more, a flow of $39 million a day. By 2005 the sum, which does not capture all remittances to Latin America, will go beyond $18 billion, according to projections by the Pew Hispanic Center.

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