Remittances to Latin America and the Caribbean in 2017, by Manuel Orozco

Family remittances to 17 Latin American and the Caribbean countries grew over 8% from 2016 to 2017, reaching US$75 billion. This increase is substantial and far exceeds the World Bank’s forecasted 1.2% economic growth for the entire region. In terms of scale, remittance growth has been nearly as large as export growth (9%) in 2017.
Growth in remittances is being driven predominantly by migration patterns in countries such as Haiti, the Dominican Republic, Guatemala, Honduras, El Salvador, and Colombia, which represent 45% of flows in remittances and experienced growth of over 10% last year. In fact, for Central America and the Caribbean, the projected 3.5% economic growth for these countries is due largely to the combined 15% increase in remittances.

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https://www.thedialogue.org/resources/remittances-to-latin-america-and-the-caribbean-in-2017/