Countries in Latin America with most incoming remittances, by sending region 2021
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Remittances sent to Latin America went largely towards Guatemala and the Dominican Republic in 2021, with each country receiving at least 10 billion billions worth of 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 foreign country. Nevertheless, Asia Pacific - not Latin America - is often referred to as the main receiver of remittances.
