
Countries in North America with most outgoing remittances, by receiving region 2021
Mexico accounted for more less than two percent of all remittances sent from North America to other countries in the world in 2021. Remittances from these four countries ranged from 2.4 billion U.S. dollars to 3.6 billion U.S. dollars. 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. The outflow from North America is especially aimed at North America itself - likely from the United States to Mexico - but also towards Asia.