Share of GDP of incoming personal remittances in Latin America in 2022, by country
Honduras, El Salvador, and Haiti were the most likely receivers of remittances in Latin America in 2022, with GDP shares being nearly 10 times than in Brazil. This is according to a calculation that looks at the share of remittance inflow in the GDP of several countries, territories, and islands across the region. Note that the figures shown here are "personal" remittances and not "total" remittances. While technically different, oftentimes the two types of remittances have the same figures due to a general lack of data tracking. Remittances had the most impact on Honduras' economy in 2022, when incoming money transfers from abroad made up roughly 27 percent of the country's GDP.