Remittances to Guatemala grow by 8.69 percent

Despite the worldwide economic slowdown, remittances to families in Guatemala from members who live abroad have grown by 8.69 percent for the January-June period this year.

Friday, July 11, 2008

However, the rate of growth is down a bit from last year, when remittances increased by 12.64 percent year-over-year.
The Bank of Guatemala reports that during June Guatemalans remitted 384 million dollars. So far this year they have sent home 2.14 billion dollars.

More on this topic

Nicaragua: Remittances Up 8%

May 2014

The recovery of the U.S. economy, where most Nicaraguans remitters reside, explains the rise in the first quarter of 2014 compared to the same period in 2013.  

From the Status Report on the Economy and Outlook First Quarter 2014 by the Central Bank of Nicaragua:

Income from remittances totaled $277.2 million during the first three months of the year, exceeding the observed value of 7.7 % in the same period of 2013.

Remittances: Angel and Devil?

April 2013

Billions of dollars that alleviate poverty but put conditions on the productive development of Central American countries.

Taking the example of El Salvador, whose economy over the last 20 years has received $40 billion dollars sent by Salvadorans from abroad, an article by Roberto Flores in Alainet.org points to the extraordinary influence of the phenomenon in reducing the poverty-despite the stagnation of the Salvadoran economy-but also its involvement in the country's productive matrix.

Remittances for $13.06 billion to Central America in 2011

March 2012

By country: Guatemala $4.37 billion; El Salvador $3.65 billion; Honduras $2.86 billion; Nicaragua $1.05 billion; Panama $592 millions; Costa Rica $530 millions.

Inter-American Development Bank Report:

Remittances to Latin America and the Caribbean rose to $61 billion in 2011

Remittances to El Salvador approach $2 billion

July 2008

Families in El Salvador received about 1.94 billion dollars through remittences from family members living abroad during the first six months of this year, according to the nation's Central Reserve Bank.

This is about 120 million dollars more than the amount sent home in 2007.

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