Nicaragua: Remittances Increase by 7%

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.

Tuesday, April 16, 2019

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).

The statement of the NCB adds that "... Of the total remittances received to February (accumulated) 53.8 percent were from the United States, followed by Costa Rica (19.8%).

Finally, the number of total transactions recorded up to February grew 9.7 percent over the same period in 2018.
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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 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).

Nicaragua: Remittances Up 10% up to September 2017

December 2017

In the first nine months of the year, the flow of remittances that came into the country totaled $1,138 million, registering a 10% increase compared to the same period in 2016.

From a report by the Central Bank of Nicaragua:

Remittances received by the Nicaraguan economy amounted to 355.6 million dollars in the third quarter of 2017, which meant a growth of 13.6 percent over the same period in 2016 (US $312.9 million), continuing the positive trend seen since 2010.

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