El Salvador: Remittances Increase 9%

In the first ten months of the year, the country received $4.504 million in family remittances, 9% more than what was reported in the same period of 2017.

Friday, November 16, 2018

From the statement of the Central Reserve Bank:

El Salvador received US$4.504.2 million in family remittances up to October 2018 with a growth of 9.1%, exceeding by US$375.3 million the income received under this concept in the same period of the previous year, informed the Central Reserve Bank. According to the CRB, only in October, US$464.9 million in remittances were received, contributing to the economy through the greater purchasing power of households that positively affects their consumption.

During this period, remittances were received from 157 countries. The United States stands out with US$4.202.3 million, followed by the European Union with US$42.3 million and Canada with US$39.8 million.

Read full statement (In Spanish).

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Remittances to El Salvador Keep Increasing

December 2018

Consistent with the bullish behavior of the last months, from January to November the country received $4.935 million in family remittances, 9% more than what was reported in the same period of 2017.

From the statement of the Central Reserve Bank:

El Salvador received US$4,934.5 million in family remittances up to November 2018 and increased 8.8%, surpassing by US$397.3 million the income received under this concept in the same period of the previous year; only in November US$430.2 million in family remittances were received, informed the Central Reserve Bank.

Remittances to El Salvador Up 10%

September 2018

In the first eight months of the year, the country received $3.604 billion in family remittances, almost 10% more than in the same period in 2017.

From a report by the Reserve Bank of El Salvador:

El Salvador received US $3,604.1 million in family remittances up to August 2018, with a growth of 9.5%, exceeding by US $311.6 million the income received under this concept in the same period last year, the Central Reserve Bank reported. 

El Salvador: Remittances Up 9% up to May 2018

June 2018

Between January and May, family remittances received by the country totaled $2.228 billion, registering an increase of 8.9% compared to the same period in the previous year.

The Central Reserve Bank reported that " ... El Salvador received US $2.2276 billion in family remittances up to May 2018, an additional US $182.9 million (8.9% more) than the income received under this concept in the same period in the previous year, reported the Central Reserve Bank. In the month of May alone, the country received US $ 493.7 million, with a year-on-year growth of 7.1%. "

El Salvador: Remittances Up 9%

May 2018

As of April, family remittances so far this year totaled $1.730 billion, registering a 9% increase compared to the same period of the previous year.

From a report by the Central Bank of Honduras:

El Salvador received US $1.729.6 billion in family remittances as of April 2018, with a growth of 9.2% and exceeding by US $145.7 million the income received under this concept in the same period of the previous year, the Central Reserve Bank reported.