Sending money to relatives or friends living abroad
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Release date: April 17, 2019
Description: Sending money to relatives or friends living abroad
Sending money to relatives or friends living abroad
Highlights from the 2018 Study on International Money Transfers
$5.2 billion sent abroad in 2017Footnote 1
Destination region | Total amount sent in 2017 (in $ million) |
---|---|
Americas | 582 |
Eastern Europe and Southern Europe | 108 |
Sub-Saharan Africa | 501 |
Northern Africa | 147 |
West Central Asia and the Middle East | 190 |
Eastern Asia | 293 |
Southeast Asia and Oceania | 1,419 |
Southern Asia | 1,165 |
Non ODA-eligible countries | 761 |
Money transfer method used last time in 2017
Method | Percentage |
---|---|
Money transfer store | 56 |
Hand-carry method | 10 |
Banking in person | 9 |
Money transfer store online | 8 |
Banking online | 5 |
Another type of store | 5 |
Other | 3 |
Currency exchange store | 2 |
Another service provider online | 1 |
Informal network | 1 |
Top 10 destination countries
Countries | Total amount sent in 2017 (in $ millions) |
---|---|
Philippines | 1,180 |
India | 794 |
United States | 390 |
China | 292 |
Pakistan | 236 |
Jamaica | 96 |
Haiti | 86 |
Nigeria | 70 |
Thailand | 66 |
Australia | 66 |
$0-200 | $200-999 | $1,000+ | |
---|---|---|---|
Banking in person | 11 | 6 | 2 |
Banking online | 7 | 4 | 1 |
Money transfer store | 10 | 4 | 2 |
Money transfer store online | 8 | 3 | 1 |
Currency exchange store | 11 | 3 | 1 |
Source: Statistics Canada, Study on International money transfers, 2018.
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