Guatemala: Remittances Up 8%

In 2014 $5.544 billion came into the country in remittances, 8.6% more than the $5.105 billion received during the previous year.

Wednesday, January 7, 2015

The improvement in the US economy, the main destination of Guatemalan migrants, is one of the reasons behind the increase of 8.6% seen in remittance flows received by the country during 2014.

The Central Bank of Guatemala indicated that July was the month which saw the largest inflow of foreign exchange under this heading, with $509 million.

The month that recorded the lowest income was February with $384 million.



More on this topic

Guatemala: Remittances Exceed $11 Billion

January 2021

Although forecasts at the start of the pandemic were pessimistic, during 2020 the country received remittances of $11.34 billion, an amount that is 8% higher than the $10.58 billion recorded in 2019.

According to the most recent report from the Bank of Guatemala, only in December, remittances amounted to $1.164 billion, 24% more than those reported in the same month in 2019, when the figure was $941 million.

Remittances: Good Outlook for 2020

February 2020

During the first month of the year, family remittances sent to Guatemala registered a 22% year-on-year variation, a rise that exceeds the 8% increase registered in the same period in 2018.

According to the most recent figures from the Bank of Guatemala, in January 2020 the country received remittances of $834 million, an amount that exceeds by $46 million that registered in the same month of 2019.

Nicaragua: Remittances Increase 9% up to March 2019

April 2019

During the first three months of 2019, the flow of remittances that arrived in the country totaled $384 million, 9% more than what was reported in the same period of 2018.

According to published monthly data, remittances totaled $137.3 million in the third month of the year, which represented an 11% year-on-year variation with respect to the $123.6 million recorded in March 2018, informed the Central Bank of Nicaragua (BCN).

Guatemala: Remittances Up 13% in 2015

January 2016

The total figure for remittances in 2015 reached a record high of $6.285 billion, $741 million more than the amount recorded last year when $5.544 billion was registered.

According to the Bank of Guatemala, the annual increase of 13.4% was also strengthened by the $599 million that came in to the country in the last month of 2015.

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