Remittances: Good Outlook for 2020

During the first month of the year, family remittances sent to Guatemala registered a 22% year-on-year variation, a rise that exceeds the 8% increase registered in the same period in 2018.

Friday, February 7, 2020

According to the most recent figures from the Bank of Guatemala, in January 2020 the country received remittances of $834 million, an amount that exceeds by $46 million that registered in the same month of 2019.

Between January 2015 and the same month in 2020, income from remittances has practically doubled, rising from $407 million to $834 million.

Sergio Recinos, president of the Bank of Guatemala, explained to Lahora.gt that "... the outlook for family remittance income continues to be positive and dynamic, with an estimated growth rate of 11 percent this year, which would mean more than US$11.6 billion and more than US$1 billion more than the income for 2019."

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More on this topic

Remittances Exceeded $10 Billion in 2019

January 2020

Last year, family remittances sent to Guatemala totaled $10.508 million, 13% more than what was reported in 2018.

According to the latest figures from the Bank of Guatemala, in December 2019 the country received remittances of $941 million, an amount that exceeds by 12% the $843 million registered in the same month in 2018.

Guatemala: Remittances Up 14%

October 2019

From January to September 2019, family remittances to Guatemala totaled $7.748 million, 14% more than in the same period in 2018.

The most recent figures from the Bank of Guatemala (Banguat) indicate that in September 2019 the country received remittances of $892 million, 20% more than the $745 million recorded in the same month in 2018.

Guatemala: Remittances Up 9%

March 2019

In the first two months of 2019, income from family remittances in the country totaled $1.379 million, 9% more than in the same period last year.

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.

Remittances in Guatemala: Record figure in 2018

January 2019

Last year, the flow of family remittances registered by the country reached the highest annual amount, with $9.288 million, 13% more than in 2017.

The most recent figures from the Bank of Guatemala show that in December 2018 the country received $843 million in remittances, 17% more than the $720 million recorded in the same month in 2017.

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