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August 2025
North America
August 2025
Figures are in current U.S. dollars; The World Bank defines "personal" remittances" as the sum of both personal money transfers as well as employee compensation.
The numbers provided have been calculated by ÌÇÐÄÆÆ½â°æ, usingÌýÌý- the Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual. The IMF used the following remittance definitions:
- Personal remittances: The sum of "personal transfers", "compensation of employees" and "capital transfers between households";
- Total remittances: The sum of "1. Personal remittances" with "social benefits";
- Total remittances and transfers to Non-Profit Institutions Serving Households (NPISHs): The sum of "2. Total remittances" with "current transfers to NPISHs" and "capital transfers to NPISHs"
The categories of "personal transfers", "compensation of employees", "capital transfers between households", "social benefits", "current transfers to NPISHs" and "capital transfers to NPISHs" are all found in theÌý. Both tÌý- andÌýÌý- adopted this IMF database in all their reportings on remittances.
Only the first two IMF categories - "personal transfers" and "compensation of employees" - are reported, though. All other categories are supplementary, meaning data is often not available or researched. This effectively means remittance data is incomplete - as it only covers (parts of)Ìý1. Personal remittances.
Due to this lack of additional information, calculations onÌý1. Personal remittancesÌýandÌý2. Total remittancesÌýregularly lead to the same results. However, sources tend to write "total remittances" when the figures technically refer to "personal remittances". To avoid this confusion, ÌÇÐÄÆÆ½â°æ follows the BPM 6 wording of "personal remittances", unless a country does provide additional data that would lead to different figures that would be accounted for in "total remittances".









