El Salvador receives $3.8 billion in remittances

In 2008 there was an average monthly income of $315.6 million, higher than the $307.9 average for 2007.

Tuesday, January 20, 2009

Elsalvador.com reports: "Salvadorans who reside abroad sent $3.78 billion to their families at home in 2008, an increase of 2.5%, the Central Reserve Bank (BCR) reported on Tuesday.

The bank said that "the remittances by family members continued to be positive despite the global economic condition, particularly in the United States.

More on this topic

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 to El Salvador to Up 7% up to August

September 2012

Family remittances sent by Salvadorans living abroad, amounted up to August, to $2.5907 billion, registering a growth rate of 7% compared to the same month last year.

A press release of the Central Reserve Bank of El Salvador reads:

Family remittances sent by Salvadorans living abroad, amounted up to August U.S.

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 Guatemala grow by 8.69 percent

July 2008

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.

However, the rate of growth is down a bit from last year, when remittances increased by 12.64 percent year-over-year.

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