In 2021, Mexico received nearly 51.5 billion U.S. dollars worth of remittances, making it the Latin American country with the highest value of international deposits received that year. Guatemala ranked second, with remittances amounting to 15.3 billion dollars. In total, the value of remittances in Latin America and the Caribbean exceeded 134 billion U.S. dollars in 2021.
Largest recipients of inflow remittances in Latin America in 2021, by estimated value of remittances received from anywhere in the world
(in million U.S. dollars)
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Remittance figures have a publication delay. Numbers cover 2021, but were reported in late 2022; All numbers are in current (nominal) U.S. dollars; See the "Details" tab for more information on the source methdology
Supplementary notes
The source adds the following information:
No numbers are available for Venezuela;
Due to political and economic situations, the flows between certain countries was considered to be 0 (zero). These countries included: India and Pakistan (and vice versa), Lebanon and Israel (and vice versa), and Azerbaijan and Armenia (and vice versa);
The source emphasizes several times that the numbers provided are estimates, as the data suffers from several issues. These relate to, for example, the frequency of migrant data updating per country, the lack of data on informal money transfers or the possibility of retirees moving abroad but then withdrawing savings from their country of origin.
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Statista. (December 18, 2022). Largest recipients of inflow remittances in Latin America in 2021, by estimated value of remittances received from anywhere in the world (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/439126/value-of-remittances-received-latin-america-by-country/
Statista. "Largest recipients of inflow remittances in Latin America in 2021, by estimated value of remittances received from anywhere in the world (in million U.S. dollars)." Chart. December 18, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/439126/value-of-remittances-received-latin-america-by-country/
Statista. (2022). Largest recipients of inflow remittances in Latin America in 2021, by estimated value of remittances received from anywhere in the world (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/439126/value-of-remittances-received-latin-america-by-country/
Statista. "Largest Recipients of Inflow Remittances in Latin America in 2021, by Estimated Value of Remittances Received from Anywhere in The World (in Million U.S. Dollars)." Statista, Statista Inc., 18 Dec 2022, https://www.statista.com/statistics/439126/value-of-remittances-received-latin-america-by-country/
Statista, Largest recipients of inflow remittances in Latin America in 2021, by estimated value of remittances received from anywhere in the world (in million U.S. dollars) Statista, https://www.statista.com/statistics/439126/value-of-remittances-received-latin-america-by-country/ (last visited July 22, 2024)
Largest recipients of inflow remittances in Latin America in 2021, by estimated value of remittances received from anywhere in the world (in million U.S. dollars) [Graph], Statista, December 18, 2022. [Online]. Available: https://www.statista.com/statistics/439126/value-of-remittances-received-latin-america-by-country/