No growth in remittances to Honduras in 2009

The Central Bank of Honduras (BCH) estimates that in 2009 the growth in remittances will be 0% compared to this year.

Sunday, May 18, 2008

As of December, the BCH estimates that income from remittances will be $2.7 billion, an increase of between 8 to 9% compared to the same period in 2007.

The president of the Bank, Edwin Araque, said that the amount that they will receive in remittances next year will be similar to the $2.7 billion for this year.

More on this topic

Honduras Receives $8.5 million a Day in Remittances

January 2014

In 2013 remittances sent to Hondurans from abroad increased by 7.1% compared to 2012, reaching a record $3.1 billion.

In 2013 foreign exchange earnings from remittances reached the $3.1 billion milestone, setting a record in recent years, while in 2012 the level reported was $2.8939 billion. It is estimated that 2014 revenues will be about $3.286 billion, growing by 6%.

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

El Salvador: Remittances Drop 10% in 2009

December 2009

2009 will mark the first time in 25 years in which remittances drop when compared to the previous year.

From January to October 2009, the country received $2.8 billion, and according to Central Bank estimates, the final figure for 2009 could be $3.4 billion.

"Remittances account for between 17% and 18% of the nation's GDP, so 'a 10% drop implies 2 percentage points less of Gross Domestic Product.

Remittances to Honduras increased 7.3% in 2008

January 2009

Remittances sent to Honduras totaled $2.7 million, according to the Central Bank of Honduras (BCH).

Proceso Digital reports on its website: "Despite the increase, it was less in 2007-2008 than in 2006-2007, when it was 11.6%, it was said.

Honduran economic authorities had forecast the drop in the growth rate for remittances due to the unemployment that is affecting more and more Hondurans due to the crisis in the United States.

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