Remittances: Shipments to Guatemala Rebound

Due to the spread of the covid-19, family remittances sent to the country fell in March, April and May; however, the trend was reversed in June, when a 9% year-on-year variation was registered.

Tuesday, July 7, 2020

The most recent data from the Bank of Guatemala show that in the first six months of 2020 the country received remittances for $4.88 billion, an amount that is 1% lower than the $4.92 billion registered in the same period in 2019.

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Between the first semester of 2013 and the same period of 2020 income from remittances has almost doubled from $2.479 million in 2013 to $4.880 million in 2020.

Income for June of this year amounted $963 million, an amount that exceeded the average value of remittances received during the months of June of the last five years, since the flow reaches an average of $711 million.

See full figures (in Spanish).

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More on this topic

Remittances increased 12% in the 1st Semester

July 2019

During the first six months of 2019, family remittances sent to Guatemala totaled $4.927 million, 12% more than the same period last year, growth that is higher than the 9% reported from January to June 2018.

The latest figures from the Bank of Guatemala detail that in June 2019 the country received remittances of $882 million, amount that is 10% higher than the $801 million registered in the same month of 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.

Remittances in Guatemala up 13%

November 2018

In the first ten months of the year, income from family remittances totaled $7.687 million, 13% higher than reported in the same period in 2017.

The latest data from the Bank of Guatemala show that in October 2018 the country received $864 million in remittances, 19% more than the $728 million registered in the same month in 2017.

Guatemala: Remittances Up 9% in I semester 2018

July 2018

In the first six months of 2018, remittances totaled $4.399 billion, 9% more than the total received in the same period in 2017.

The latest figures from the Banco de Guatemala show that in June 2018 the country received $801 million in the form of remittances, an amount that exceeds by 11% the $724 million registered in the same month in 2017. 

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