Personal remittance inflow towards North America as a whole 1977-2022
The value of personal remittances sent to North America increased by nearly 23 percent between 2020 and 2021, the largest increase since 2012. This is according to estimates made by the World Bank on data from the IMF that tracked the balance of payments between countries. All figures provided here have been summed from this individual country's data. The source adds that "personal remittances" consist of both personal transfers between resident and nonresident individuals, as well as the compensation of employees. By definition, then, the numbers shown here focus on migrant workers and likely includes remittances sent from the United States to Mexico, one of the biggest remittance corridors in the world. Note, however, that consumers with a second home abroad but who receive pensions from their country of origin can sometimes also be counted as remittances.
