El Salvador: Remittances Up 5%

In the third month of the year, family remittances totaled $62 million, registering an increase of 5.3% with respect to the same period in the previous year.

Wednesday, April 18, 2018

From a statement issued by the Central Bank:

El Salvador received US $1.2388 billion in family remittances up to March 2018, with a growth of 5.3% and exceeding by US $62.4 million the income received under this concept in the same period of the previous year, the Central Reserve Bank reported.

In the month of March alone, US $456.4 million was received, with a growth of 0.8% with respect to the same month in the previous year. 24.5% of the remittances that were sent during this period were through bank account deposits.

Read full statement (in Spanish).

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El Salvador: Remittances Increase 9%

November 2018

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.

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.

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. 

El Salvador: Remittances Keep Growing in 2018

March 2018

During the first two months of the year, the country received $778 million in family remittances, which is equivalent to an increase of 7.2% with respect to the amount registered in the same period in 2017.

The Central Reserve Bank of El Salvador (BCR) reported that " ...in the month of February alone, US $397.8 million was received in remittances, which represents growth of 4.4% over the same month in the previous year."

El Salvador: Remittances Up 11%

October 2017

In September, $401 million came into the country in the form of remittances, $38 million more than in the same month in 2016.

From a statement issued by the Central Bank of El Salvador:

El Salvador received US $3,684.5 million in family remittances in the third quarter of 2017, reflecting a growth of 10.4%, with additional revenues of US $347.3 million compared to remittances received in the same period in the previous year. This result influences the dynamization of the economy because it directly stimulates aggregate demand and improves the economic conditions of the people who receive them.