Tuesday, February 13, 2018

Billions in Remittances Leave the United States


Illegal aliens aren’t just taking our jobs and reducing our wages, they’re also sending billions of U.S. dollars out of the country Here is an excerpt from PoliZette:


Immigrants in the United States in 2016 sent home more than $138 billion — a sum that exceeds the entire gross domestic product of Kuwait — according to a new report from the Pew Research Center.



That sum accounted for about a quarter of the $574 billion that migrants in countries around the world sent to friends and relatives in their home nations.


Sending Money Home
Top destinations for money sent outside the U.S. by immigrants
CountryAmount
Mexico$28.1 billion
China$15.4 billion
India$10.7 billion
Philippines$10.5 billion
Guatemala$6.8 billion
Vietnam$6.7 billion
Nigeria$5.7 billion
El Salvador$4.2 billion
Dominican Republic$4.1 billion
Honduras$3.4 billion
All countries$138.165 billion
Source: Pew Research Center



In 2017, remittances surpassed Mexico’s oil revenue. Is it any wonder our southern neighbor is screaming and hollering about President Trump’s border wall?


Source:

https://www.lifezette.com/polizette/report-immigrants-in-u-s-sent-home-138-billion-in-2016/


https://www.focus-economics.com/countries/mexico/news/remittances/remittances-hit-record-high-in-2017


http://www.theglobaleconomy.com/Mexico/remittances_percent_GDP/


https://www.as-coa.org/articles/weekly-chart-oil-and-remittances-mexicos-gdp

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