Nicaragua: Remittances Increase 9% up to March 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.

Monday, April 29, 2019

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).

The statement of the NCB states that "... In the first quarter of 2019, remittances received by the Nicaraguan economy were $383.8 million dollars, reflecting an 8.6 percent growth over the same period in 2018.

Of the total remittances received up to March (cumulative), 54.5 percent came from the United States, followed by Costa Rica (19.4 %) and Spain (12.5%). Finally, the number of transactions recorded in the period showed an 11.7 percent year-on-year increase
."

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More on this topic

Remittances in Nicaragua: Growth up to May Accelerates

July 2019

During the first five months of 2019, the country received $662 million in remittances, 9% more than in the same period of 2018, surpassing the 8% year-on-year variation recorded in April.

In May, remittances totaled $144 million dollars ($127.1 million in May 2018), which meant a 13.3% year-on-year growth, reported the Central Bank of Nicaragua (BCN).

Remittances in Nicaragua: Increase by 8% up to April 2019

May 2019

During the first four months of 2019, the flow of remittances reaching the country totaled $518 million, 8% more than that reported in the same period of 2018.

According to published monthly data, remittances totaled $134.5 million in April ($128.9 million in April 2018), which meant a 4.3 year-on-year variation reported the Central Bank of Nicaragua (BCN).

Nicaragua: Remittances Increase by 7%

April 2019

During the first two months of 2019, family remittances received by the country totaled $247 million, 7% more than what was reported for the same period in 2017.

According to published monthly data, remittances totaled $122.3 million in the second month of the year, which represented a 4.6% year-on-year variation with respect to the $116.9 million recorded in February 2018, informed the Central Bank of Nicaragua (BCN).

Remittances to Nicaragua Increase 8%

October 2018

During the first nine months of the year, the country received remittances from abroad for $1.097 million, recording an increase of 7.6% over the same period in 2017.

The Central Bank of Nicaragua (BCN) reported that remittances totaled 121.7 million dollars in September (US$112.8 million in September 2017), which resulted in a year-on-year variation of almost 8%.

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