Importance of remittances#11

Remittances from emigrants in Spain surged 25.38 percent between January and July, compared to the same period in 2006, and hit a record $1 billion in July
During the first seven months of this year, emigrants sent $6.48 billion home, including $1.03 billion in July alone
Spain has become a magnet for immigrants in recent years, especially people from Latin America
Ecuadorians, Romanians, Colombians, Argentines, Bolivians, Peruvians, Dominicans, Brazilians, Venezuelans and Cubans are the largest immigrant groups in Spain

Source: The Bank of Spain

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