Annual value of outgoing and incoming remittance flow in Brazil 2021, by country

Published by
Raynor de Best,
Apr 19, 2024
Japan played a substantial role for Brazilians when it came to either receiving or sending money abroad in 2021. 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. For Brazil, the top five recipient countries for remittances in 2021 included Japan, Portugal, Spain, France, and Italy. Brazil's five main sources for remittances were the United States, Japan, Portugal, Italy, and Spain.

Value of remittances sent from/to Brazil to/from other countries or territories worldwide in 2021 (in million U.S. dollars)

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Sources

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Release date

December 2022

Region

Brazil

Survey time period

December 2022

Special properties

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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