Use this dashboard to explore remittances outbound from Canada to developing and advanced economies.
Globally, remittances sent home by migrant workers are estimated to be anywhere from 3 to 4 times aid flows.
Our estimates for 109 countries for which comparable data was available shows that remittance outflows from Canada to these countries are about 5 times larger than aid flows. Remittance estimates are larger for some of Canada’s largest aid recipients including: Pakistan, Bangladesh, Colombia, Peru, Kenya, Nigeria, Vietnam and others. The largest estimates of remittance outflows from Canada are to China ($3.9 billion) and India ($3.4 billion). The total remittance outflow from Canada (to all countries including developed) is estimated at $24 billion in 2012.
What the data show
In 2012, about 23% or $559 million of outbound remittances from Canada went to low income countries; 54% or $13 billion went to lower middle income countries; and 9.5% or $2.3 billion went to upper middle income countries. All figures are in US dollars.
Among developing regions, Middle East and North Africa received $1.7 billion, Latin America and Caribbean $1.3 billion, South Asia $4.6 billion, East Asia $7.8 billion, and Sub Saharan Africa $766 million.
About the data sources
Data included here is drawn from our Migration review dashboard; the World Bank’s bilateral remittance matrix; and the World Bank’s remittance price corridor database. None of the underlying data has been altered in any way.
However, the country coding has been enhanced by adding World Bank income and regional country classifications to facilitate analysis.
Remittance (2015 upload version) (MS Excel)
Migration data (number of migrants, stock, entries per year) tends to be of a high quality. However remittance data is based on assumptions.
The World Bank’s remittance matrix data is based on assumptions using migrant stock, host country incomes and origin country incomes. We have found large discrepancies between this and other data from the same source. For instance while the bilateral matrix estimates global remittances at around $500 billion, the Bank’s own remittance outflow database (which relies on data from the IMF, national statistical agencies and Bank country offices) reports the figure at around $337 billion, for the same year (2011).
The discrepancy maybe explained by the fact that some countries included in the assumptions based database (bilateral matrix) are not covered in the outflow database (which relies on national and international sources). Therefore these figures should be interpreted with caution, but are useful in providing a sense of the scales involved.