Remittances: Growth Keeps Accelerating

During the first five months of 2019, family remittances sent to Guatemala totaled $4.045 million, 12% more than the same period last year, growth that is higher than the 8% reported from January to May 2018.

Friday, June 7, 2019

The latest figures from the Bank of Guatemala show that in May 2019 the country received remittances of $974 million, 21% more than the $809 million recorded in the same month in 2018.

Between the first five months of 2013 and the same period in 2019, remittance income practically doubled, from $2,061 million in 2013 to $4,045 million in 2019.

The 12% increase recorded from January to May this year with respect to the same period in 2018, represents an acceleration in the growth of remittance flow, since for the first five months of 2018 a growth of 8% was reported.

Income for the fifth month of this year totaled $974 million, an increase that exceeded the average value of remittances received during the months of May of the last five years, since the flow reaches an average of $639 million.

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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 Guatemala: Growth Accelerates

May 2019

During the first four months of 2019, family remittances totaled $3.070 million, 10% more than the same period last year, growth that is higher than the 8% reported from January to April 2018.

The latest figures from the Bank of Guatemala show that in April 2019 the country received $865 million in remittances, 12% more than the $770 million recorded in the same month in 2018.

Guatemala: Remittances Increased 9% up to March 2019

April 2019

In the first three months of 2019, income from family remittances in the country totaled $2,205 million, 9% more than in the same period last year.

The latest figures from the Bank of Guatemala show that in March 2019 the country received $826 million in remittances, 10% more than the $754 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.

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