El Salvador: $4.159 Million in Remittances up to September

In the first nine months of this year, the country received $4.159 million in remittances, surpassing in 4% what was reported in the same period of 2018.

Thursday, October 17, 2019

During September the country recorded $459 million in remittances, more than the $429.3 million received in the same month in 2018. In addition, the Central Reserve Bank (BCR) reported that 1.7 million remittance transactions were recorded in the financial system.

The report explains that "... The average monetary remittance was US$265.7 up to September 2019, similar to the previous year when it was US$265.8. The average remittance for the municipalities located in the Metropolitan Area of San Salvador (AMSS) was US$223.5, an area that received 20.5% of the remittances that entered the country until the end of the third quarter.

The central zone of the country received 36.4% of total remittances, equivalent to US$1.513 million, followed by the eastern zone with 32.3%, or US$1.343 million. Meanwhile, the western zone accounted for US$696.2 million (16.7% of the total) and the paracentral zone received US$503 million equivalent to 12.1% of total remittances.

The department of San Salvador noted with the highest growth rate in the receipt of remittances with 6.7%, while Cuscatlán and La Paz ranked second and third with rates of 5.9% each. Meanwhile, the departments of Morazán and Cabañas presented the lowest but positive growth rates with 2.8% and 2.1%, respectively.

Of the total family remittances, those received from the United States totaled US$3,949.3 million, growing 4.8% with respect to the previous year; the second country with the highest amount of family remittances was Canada with US$37.7 million, experiencing a 6.3% growth
."

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More on this topic

El Salvador: Remittances Exceed $5 Billion

December 2019

From January to November 2019, the country received $5.099 million in remittances, 5% higher than reported in the same period of 2018.

In November, the country received $458 million in family remittances, more than the $424 million that came in the same month in 2018. In addition, 1.7 million transactions were recorded in the financial system under this concept, reported the BCR.

El Salvador: Remittances Total $3.7 Billion

September 2019

In the first eight months of this year, the country received $3.7 billion in remittances, 4% more than in the same period in 2018.

Family remittances received by El Salvador from January to August 2019 reached $3.7 billion with a 4.1% growth, equivalent to an additional $146.5 million over the same period last year, according to the Central Reserve Bank.

Remittances in El Salvador: Figures up to July 2019

August 2019

In the first seven months of this year, the country received $3.229 million in remittances, surpassing in 4% what was reported in the same period of 2018.

The country's central zone captured 36.2% of total remittances, equivalent to $1,168.4 million, followed by the eastern zone with 32.5%, or $1,049.7 million, while the western zone totaled $539.3 million this represents 16.7% and the central zone received $391.1 million equivalent to 12.1% of the total, reported the Central Reserve Bank.

El Salvador: Remittances Increased 4% up to April 2019

May 2019

During the first four months of the year, family remittances received by the country totaled $1.776 million, 4% more than reported in the same period of 2018.

Family remittances from El Salvador totaled $1.776 million in the first four months of 2019, $66.1 million more than the income received under this concept in the same period of the previous year, informed the Central Reserve Bank.

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