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.
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.
While short-term changes in immigration flows are difficult to measure, several indicators suggest a possible slackening in migration across the U.S. border since mid-2006.