El Salvador: Remittances Up 9% in I Semester

Between January and June 2018, family remittance flows sent from abroad totaled almost $2.7 billion, registering a 9% increase compared to the same period in the previous year.

Wednesday, July 18, 2018

El Salvador received US $2.6886 billion in family remittances up to June 2018, surpassing the US $229.2 million sent by Salvadorans living abroad in the first half of last year. In June alone, US $461 million was received in remittances, which means an increase of 11.2% compared to the same month in the previous year, reported the Central Reserve Bank (BCR).

According to information from the BCR, the five departments that received the most remittances as of June 2018 were: San Salvador (19.4% of total remittances in the country), San Miguel (11.8%), La Unión (8.3%), Santa Ana ( 7.8%) and La Libertad (7.7%), and among those that receive less remittances were the departments of Cuscatlán (2.4%) and San Vicente (3.4%).

"... The Central Bank reported that 50 municipalities received 66.1% of the income from family remittances, with an amount of US $1.7769 billion (6.8 million operations), with the municipality of San Salvador standing out with 9.1%, followed by San Miguel (6.6%), Santa Ana (3.6%), Soyapango (2.5%) and Usulután (2.5%) of the total, including cash and telephone recharges. On the other hand, among the municipalities that received less remittances were: San Isidro Labrador (Chalatenango), Mercedes La Ceiba (La Paz), San Francisco Lempa (Chalatenango), San Luis del Carmen (Chalatenango) and San Francisco Chinameca (La Paz) . "

See full report (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

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.

Remittances Up 4% in the 1st Semester

July 2019

From January to June of this year, El Salvador received $2.744 million in remittances, 4% more than in the same period of 2018.

According to data from the Central Reserve Bank (BCR), the central zone captured the largest amount of family remittances with $989.8 million, equivalent to 36.1% of the total, followed by the eastern zone with $896 million, which constitutes 32.7% of total remittances, the institution reported.

Remittances to El Salvador Up 8% in 2018

January 2019

In accordance with the behavior that has been reported in recent years, in 2018 the country received $5,469 million in family remittances, 8% more than that recorded in 2017.

The report of the Central Reserve Bank (BCR) explains that last year the five main departments receiving family remittances were: San Salvador (19.6% of the total country), San Miguel (11.7%), La Unión (8.2%), Santa Ana (7.9%) and La Libertad (7.7%).

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.