Money sent by immigrants to their home countries in sub-Saharan Africa reached a record $41 billion in 2017.
Worldwide, an estimated $625 billion (USD) was sent by migrants to individuals in their home countries in 2017, a 7% increase from 2016, when the amount was $586 billion, according to economists at the World Bank. This increase follows two consecutive years of decline.
For five countries – Nepal, Kyrgyzstan, Haiti, Tajikistan and Liberia – remittances from citizens abroad are equivalent to at least a quarter of GDP.
Remittance flows decreased worldwide for a second consecutive year in 2016, the first back-to-back decline in over three decades. Remittances to Latin America and the Caribbean, however, rose to a record high.
Worldwide, an estimated $582 billion was sent by migrants to relatives in their home countries in 2015, a 2% decline from 2014.
Track the flow of remittances—the money that many migrants send back to families in their countries of origin—related to patterns of global migration with this interactive map.
More international migrants now live in high-income countries such as the U.S. and Germany, while more were born in middle-income nations such as India and Mexico. Migrants’ annual remittances have nearly tripled since 2000 to more than $500 billion.
Migrants’ remittances to Mexico, an estimated $22 billion in 2013, are below their 2006 peak. For all other Spanish-speaking Latin American nations, the 2013 estimate of $31.8 billion slightly surpasses the 2008 peak.
Latinos, especially the foreign-born, are feeling the sting of the economic downturn and, in some respects, even more so than the general population.
Most maintain some kind of connection to their native country, but only one-in-ten can be considered to be highly attached.