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.
Top remittance sending countries and territories in North America, outflow by receiving region in 2021
(in million U.S. dollars)
Remittance figures have a publication delay. Numbers cover 2021, but were reported in late 2022. As of November 2024, it is unclear when numbers will update - as the KNOMAD program also has been discontinued; All numbers are in current (nominal) U.S. dollars; See the "Details" tab for more information on the source methodology.
Supplementary notes
Regional figures were collected and calculated by Statista.
The source adds the following information:
No numbers are available for Venezuela with regards to incoming remittances;
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 17, 2022). Top remittance sending countries and territories in North America, outflow by receiving region in 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1388192/top-remittance-outflow-countries-in-north-america/
Statista. "Top remittance sending countries and territories in North America, outflow by receiving region in 2021 (in million U.S. dollars)." Chart. December 17, 2022. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1388192/top-remittance-outflow-countries-in-north-america/
Statista. (2022). Top remittance sending countries and territories in North America, outflow by receiving region in 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1388192/top-remittance-outflow-countries-in-north-america/
Statista. "Top Remittance Sending Countries and Territories in North America, Outflow by Receiving Region in 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 17 Dec 2022, https://www.statista.com/statistics/1388192/top-remittance-outflow-countries-in-north-america/
Statista, Top remittance sending countries and territories in North America, outflow by receiving region in 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1388192/top-remittance-outflow-countries-in-north-america/ (last visited November 25, 2024)
Top remittance sending countries and territories in North America, outflow by receiving region in 2021 (in million U.S. dollars) [Graph], Statista, December 17, 2022. [Online]. Available: https://www.statista.com/statistics/1388192/top-remittance-outflow-countries-in-north-america/
