It is often nice to indulge in simplifying generalisations. For example "Ecuadorians abroad invest in property in their home country. Peruvians spend income from relatives abroad on basics." But is this supported by the data? Remittances (remesas - money sent home by Peruvians abroad), as Minkanews (Minkapedia) has pointed out over the last few years, have become a significant input into the Peruvian economy. This “money sent home by Peruvians abroad” is likely to hit $4 billion – or $143 per capita per year, about a month’s income for some people - by 2009.
Graph IRI | Count |
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http://dbkwik.webdatacommons.org | 5 |