An estimated $574 billion was sent by immigrants to their home countries from USA

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Globally, migrants sent an estimated $574 billion to their home countries in 2016, a 1.4% drop from 2015. But in Latin America and the Caribbean – together making up a region where many people say economic conditions are bad – remittances rose to $74.3 billion, a 7.4% increase from the previous year ($69.2 billion). Europe was the only other region in the world to see an increase, and it was a much smaller one (up 0.9%).

Remittance flows decreased worldwide for a second consecutive year in 2016, the first back-to-back decline in over three decades, according to recently released data from the World Bank. Remittances to Latin America and the Caribbean, however, rose to a record high. Most of the remittance dollars flowing to Latin America come from the U.S., which is home to two-thirds of all migrants from Latin America and the Caribbean.

Here’s how much remittances from the U.S. brought in to a sample of countries:

  • Mexico: $28.1 billion
  • China: $15.4 billion
  • India: $10.66 billion
  • Germany: $2.77 billion
  • U.K.: $687 million
  • Syria: $37 million
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Mediabites Editorial – Shoaib Naqvi 

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