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National Data | Chart | A Supply-Side Solution For Illegal Immigration
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January 26, 2004, 04:00 AM
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Remittances to Latin America And the Caribbean, 2002

Country

Millions of US Dollars

Mexico

$10,502

Brazil

4,600

Colombia

2,431

El Salvador

2,206

Dominican Republic

2,111

Guatemala

1,689

Ecuador

1,575

Jamaica

1,288

Peru

1,265

Cuba

1,138

Haiti

931

Honduras

770

Nicaragua

759

Venezuela

235

Argentina

184

Costa Rica

134

Guyana

119

Bolivia

104

Trinidad and Tobago

59__

TOTAL

$32,044

Source: Inter-American Development Bank, "Sending Money Home: An International Comparison of Remittance Markets," February 2003.

 

 

Remittances to Mexico, 1980-2003

Year
Amount
(Millions of US Dollars)

1980

$698

1981

859

1982

844

1983

984

1984

1,127

1985

1,157

1986

1,290

1987

1,478

1988

1,897

1989

2,213

1990

2,492

1991

2,414

1992

3,070

1993

3,332

1994

3,475

1995

3,673

1996

4,224

1997

4,865

1998

5,627

1999

5,909

2000

6,573

2001

8,895

2002

10,502

2003Est.

14,500

Source: Bank of Mexico. Note: 2003 estimate is based on a study by the Inter-American Development Bank, "Remittance Senders and Receivers: Tracking the Transnational Channels," November 2003.

 

Edwin S. Rubenstein (email him) is President of ESR Research Economic Consultants in Indianapolis.