Remittances in Guatemala: Growth Accelerates

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.

Thursday, May 9, 2019

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.

Between the first four months of 2012 and the same period in 2019, remittance income has practically doubled, from $1.477 million in 2012 to $3.070 million in 2019.

The 10% increase recorded from January to April this year compared to the same period in 2018, represents an acceleration in the growth of the flow of remittances, since for the first four months of 2018 a growth of 8% was reported.

Income for the fourth month of this year totaled $865 million, amount that exceeded the average value of remittances received during the months of April of the last five years, since the flow reaches an average of $602 million.

See full figures.

More on this topic

Remittances Increase 13% up to July 2019

August 2019

During the first seven months of 2019, family remittances to Guatemala totaled $5.875 million, 13% more than in the same period in 2018.

According to the most recent figures from the Bank of Guatemala, in July 2019 the country received $948 million in remittances, 16% more than the $818 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.

Remittances in Guatemala: Up 8% up to April 2018

May 2018

During the first four months of 2018, remittances totaled $2,789 million, 8% more than the total received in the same period in 2017.

According to figures from the Banco de Guatemala, in April 2018 the country received $770 million in remittances, an amount that is 20% more than the $640 million registered in the same month in 2017. 

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