Top remittance receiving countries in Latin America, sent from the U.S., in 2021
The biggest U.S. remittance receivers in Latin America are Mexico and Guatemala, with both countries receiving over 10 billion U.S. dollars. This is according to a database that tries to model money sent internationally from one party to another. Remittances typically refer to money sent from migrant workers back home to family and friends, although there are other forms of this. Remittances can, for example, include pensioners who have a second home in a foreign country. Nevertheless, Asia Pacific is often referred to as the main receiver of remittances.