The Changing Pattern of Remittances: 2008 Survey of Remittances from the United States to Latin America

Apr 2008
The phenomenal growth of remittances to Latin America in recent years slowed to single digits during 2007, raising the question of whether the change represents a bend in the road or a new direction for remittances to the region. This report takes the first step towards providing an answer to that question by presenting the results of a comprehensive survey of 5,000 Latin American adults currently living in the United States. The survey strongly indicates that the growth of remittances to Latin America from the U.S. has slowed considerably.