In 2016, remittances sent to Latin America and the Caribbean were in excess of 70 billion dollars. The highest figure ever recorded.
The case of Honduras is an example of how important this flow of money is. In 2016, remittances amounted to more than $3.9 billion dollars. It was the primary source of income in the country, ahead of exporting coffee and manufacturing. More than 80% of that income is sent from the US, where more than a million documented and undocumented Hondurans live.