Billions sent to Latina
America by State 2004
  • 38 Billion dollars are sent from USA in remittances to  other countries
  • 30 Billion dollars are sent to Latin America of the 38 billions dollars
  • 54% of the 30 billion dollars are sent to Mexico
  • American financial institutions account for less than eight percent of the remittance traffic.  
  • On average, immigrants in the United States send money to their home countries 12.6 times
    a year, generally several hundred dollars at a time, according to a recent study by the Inter-
    American Development Bank.
Money sent in 2006