The Remittance Process in
Brazil and Latin America
Belo Horizonte, Minas Gerais, Brazil
March 30, 2006
IDB Research Projects
1. Public Opinion Study of Remittance
Recipients in Brazil.
2. Remittances from Japan to Brazil: Study
of Brazilian immigrants living and
working in Japan.
3. Compilation of public opinion country
studies, 2003-2005.
2
Public Opinion Study of
Remittance Recipients in
Brazil
April – May 2004
Gender
Remittance Recipients
35%
65%
Male
Female
4
Age
Remittance Recipients
18-35
52%
36-49
27%
50-64
16%
65+
5%
0%
10%
20%
30%
40%
50%
60%
5
Annual Household Income
(in U.S. dollars)
Remittance Recipients
Less than $10,000
59%
More than $10,000
18%
No answer
23%
0%
10%
20%
30%
40%
50%
60%
70%
6
Country of Remittance Senders
Remittance Recipients
2%
17%
United States
Europe*
50%
Japan
31%
Other countries
*Portugal, Italy, United Kingdom, Spain, Germany and France
7
Regions of Brazil
8
States and Cities with Concentrations
of Remittance Recipients
Southeast
oMinas Gerais
Belo Horizonte
Caratinga
Governador Valadares
Pescador
oSao Paulo
Sao Paulo
Atibaia
Cafelandia
Embu
Jaguaruna
Mogi das Cruces
Presidente Prudente
Rio Claro
Southeast
oRio de Janeiro
Rio de Janeiro
Nova Friburgo
Petropolis
South
oParana
Curitiba
Lapa
Maringa
Pato Branco
Prudentopolis
South
oSanta Catarina
Blumenau
Cocal do Sol
Criciuma
Florianopolis
Gaspar
Joinville
Santo Antonio do
Pontal
Sideropolis
oRio Grande do Sul
Sao Leopoldo
9
How frequently does this family member
send you money?
Remittance Recipients
Once a month or
more
44%
Every 2-3 months
15%
Every 4-6 months
8%
Once a year
35%
0%
10%
20%
30%
40%
50%
10
For how many years has this family
member sending you money?
Remittance Recipients
Less than 1 year
20%
1 to 3 years
42%
3 to 5 years
14%
More than 5 years
24%
0%
10%
20%
30%
40%
50%
11
How much money – on average – do you
receive with each remittance?
Remittance Recipients
Less than $100
25%
$101 to $200
17%
$201 to $500
24%
$501 to $1,000
26%
More than $1,000
8%
0%
5%
10%
15%
20%
25%
30%
12
How much money – on average – do you
receive with each remittance?
Remittance Recipients
Less than $100
30%
1%
55%
52%
$101 to $500
U.S. /
Europe
13%
$501 to $1,000
28%
Japan
2%
More than
$1,000
19%
0%
10%
20%
30%
40%
50%
60%
13
How is the remittance sent?
Remittance Recipients
53%
Bank
International
remittance company
Credit union
Courier / Mail /
Other
0%
29%
8%
10%
10%
20%
30%
40%
50%
60%
14
Usage of Remittances
Remittance Recipients
Daily expenditures
46%
Education
14%
Business investments
11%
Savings
4%
Property
8%
Other
17%
0%
10%
20%
30%
40%
50%
15
Remittances from Japan to Brazil
Study of Brazilian immigrants living and
working in Japan
April, 2005
Residency in Japan
Brazilians in Japan
Less than five
years
48%
Five to ten years
29%
Ten years or more
Entire life
22%
1%
0%
10%
20%
30%
40%
50%
60%
17
Education
Brazilians in Japan
12%
1%
16%
Less than high school
High school diploma
Some college /
Technical school
39%
32%
College graduate or
higher
No answer
18
Age
Brazilians in Japan
18-24
11%
25-34
16%
38%
18%
35-49
36%
23%
7%
50-64
0%
Japanese
population
26%
2%
65+
Brazilian
immigrants
23%
10%
20%
30%
40%
19
Type of Work
Brazilians in Japan
Laborer /
Manufacturing
71%
14%
Service
Professional /
Skilled
4%
Student
4%
Unemployed /
Housewife / Retired
4%
Semi-skilled /
Manager
0%
3%
20%
40%
60%
80%
20
What was the main reason you decided
to move to Japan?
Brazilians in Japan
Job / Work
opportunity / To
make more money
48%
36%
Better life
Family and friends in
Japan
12%
3%
School
Other reason
1%
0%
10%
20%
30%
40%
50%
60%
21
Have you ever sent money to a
family member back home?
Brazilians in Japan
21%
Yes
Yes, but more than
a year ago
11%
68%
No
22
How much money do you send
each time?
Brazilians in Japan
Average Remittance - $600
Less than $100
6%
$100 to $200
10%
$200 to $300
20%
$300 to $400
21%
$400 to $500
17%
More than $500
15%
No answer
11%
0%
5%
10%
15%
20%
25%
23
How frequently do you send money
to your family member?
Brazilians in Japan
More than once a
month
5%
About once a
month
59%
4 to 6 times a year
16%
2 to 3 times a year
15%
About once a year
4%
0%
10%
20%
30%
40%
50%
60%
70%
24
How do you send money to your family
member?
Brazilians in Japan
Banco do Brasil
80%
UFJ Bank
6%
Another bank
6%
Mail
3%
Banco de Tokyo-Mitsubishi
1%
Convenio Kyodai
1%
Some other method
1%
Don't know / No answer
2%
0%
20%
40%
60%
80%
100%
25
Do you have a bank account in
Japan?
Brazilians in Japan
7%
Yes
No
93%
26
Are you currently saving money?
Brazilians in Japan
14%
Yes
No
86%
27
Do you have any plans to start your
own business in the future?
Brazilians in Japan
Yes, in Japan
13%
Yes, in Brazil
41%
Yes, in some
other country
1%
No
25%
Don't know / No
answer
20%
0%
10%
20%
30%
40%
50%
28
Public Opinion Study of
Brazilians living in Portugal
November 23 – December 20, 2005
1,000 interviews conducted in North, Central, Lisbon
and Tagus Valley, Alentejo, and Algarve Regions
**Results to be released in May 2006**
Compilation of Public Opinion
Studies of Remittance Recipients
2003-2005
Remittance Recipients by Country
•
•
•
•
•
•
•
•
•
►•
Dominican Republic
El Salvador
Guatemala
Mexico
Honduras
Colombia
Ecuador
Bolivia
Peru
Brazil
38%
28%
24%
18%
16%
16%
14%
11%
10%
2%
31
Bank Accounts by Country
Remittance Recipients
► BRAZIL
63%
Colombia
52%
Ecuador
46%
Bolivia
44%
Peru
37%
Dominican Republic
34%
Mexico
33%
El Salvador
23%
Guatemala
23%
Honduras
19%
0%
10%
20%
30%
40%
50%
60%
70%
32
Frequency of Remittances by Country
Remittance Recipients
El Salvador
10.0
Dominican Republic
10.0
► BRAZIL
9.7
Peru
9.0
Ecuador
8.0
Bolivia
8.0
Honduras
8.0
Guatemala
8.0
Mexico
7.0
Colombia
0.0
5.0
2.0
4.0
6.0
8.0
10.0
12.0
33
Average Amount Sent by Country
Remittance Recipients
► BRAZIL
$428
Colombia
$223
Mexico
$190
Ecuador
$175
El Salvador
$170
Honduras
$170
Peru
$166
Bolivia
$165
Guatemala
$150
Dominican Republic
$141
$0
$100
$200
$300
$400
$500
34
Method of Receiving Money by Country
Remittance Recipients
Dominican
Republic
2%
Colombia
84%
14%
81%
9%
10%
Ecuador
67%
17%
14%
El Salvador
International
remittance
company
19%
Bank
34%
47%
29%
32%
39%
Bolivia
29%
► BRAZIL
10%
0%
20%
40%
Other
61%
60%
80%
100%
35
Usage of Remittances
Remittance Recipients
El Salvador
84%
16%
Honduras
23%
Guatemala
68%
32%
Dominican
Republic
Daily
expenditures
77%
40%
60%
Investments*
46%
54%
Brazil
0%
20%
40%
60%
80%
100%
*Includes education, savings, investing in property or investing in a business
36
Contact:
Sergio Bendixen, President
Phone: 305-529-9916
Fax: 305-529-9069
[email protected]
http://www.bendixenandassociates.com