The most recent data from the Bank of Guatemala show that in February 2019 the country received $690 million in remittances, 10% more than the $630 million recorded in the same month in 2018.

Between the first two months of 2012 and the same period in 2019, remittance income has almost doubled, from $655 million in 2012 to $1.379 million in 2019.

The 9% increase registered from January to February of this year with respect to the same period of 2018 represents an acceleration in the flow of remittances, since for the first two months of 2018 a 5% growth was reported.

Income for the second month of this year totaled $690 million, an amount that exceeded the average value of remittances received during the November months of the last five years, since the flow reaches an average of $524 million.

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Guatemala: Remittances Increase by 19%

March 2020

During the first two months of 2020, family remittances sent to the country amounted to Ch$1,643 million, 19% more than reported for the same period in 2019.

Official figures from the Bank of Guatemala detail that in February 2020 the country received remittances of $808 million, an amount that exceeds by 17% the $690 million registered in the same month of 2019.

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From January to November 2019, family remittances sent to Guatemala totaled $9,567 million, 13% more than what was reported in the same period in 2018.

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