Panama Wires $ 123 million

In the first half of 2010, funds sent abroad totaled $ 123 million, $ 12 million more than the same period 2009.

Tuesday, October 5, 2010

Recipient countries are Colombia with $ 43 million, United States with $ 14 million, China with $ 12 million and Nicaragua with $ 6 million, according to information from the Ministry of Commerce and Industry (MTI).

If this trend continues the country would send abroad a total of $ 240 million by the end of 2010, according to Noriel Salerno, CEO of MTI.

In an article, reports regarding funds received, "MTI data show that Panama received $ 98 million in the first half of 2010, representing an increase of 19 million over the same period last year."

More on this topic

Growing Remittances in El Salvador

April 2014

During the first quarter of the year remittance flows sent to the country increased by 7.8% compared to the same period in 2013.

Between January and March 2014 Salvadorans living abroad sent a total of $989.1 million, $71.8 million more than in the first three months of 2013, according to the Central Reserve Bank of El Salvador (BCR).

Remittances in Guatemalan Economy

April 2012

In 2011 remittances grew by 5% compared to 2010; so far 2012 the amounts have already exceed those from the same period in 2009, making up 10%-11% of Guatemala's GDP.

In 2011, remittances to Guatemala exceeded the record highs of 2007 and 2008, before the global crisis. Last year, Guatemalan migrants sent home $4.378 billion, according to the Bank of Guatemala (Banguat).

Remittances Up 40% in Panama

February 2012

Up to September 2011, the country received a total of $269.9 million, up 40% compared to the same period in 2010.

According to a report by the Controller General of the Republic, $123.1 million came from the United States, followed by $26.4 million by Colombia, $5.6 million from Canada, $13.3 million from Costa Rica and $4.3 million from Guatemala.

Remittances to El Salvador reach $ 2.422 million up to August

September 2011

Remittance income in August 2011 has reported a 4.8% increase compared to the same period in 2010.

According to statistics from the Central Reserve Bank, remittances received in the month of August, totalled $ 307 million, and were higher than those recorded in the same month in the last three years.

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