Remittances in Guatemala up 13%

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.

Wednesday, November 7, 2018

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.

Between the first ten months of 2011 and the same period in 2018, remittance income has almost doubled, up from $3.656 million in 2011 to $7.687 million in 2018.

The 13% increase recorded from January to October of this year with respect to the same period in 2017, reflects a slowdown in the growth of remittance flows, since for the first ten months of 2016 and 2017 were reported increases of 14% and 16%, respectively.

The income for the tenth month of this year totaled $864 million, an amount surpassing the average value of remittances received during the October months of the last five years, since the flow reaches an average of $580 million.

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More on this topic

Remittances: Record Figures in Guatemala

November 2019

During October 2019, family remittances sent to the country totaled nearly $1 billion, the largest amount recorded in a single month.

The most recent figures from the Bank of Guatemala (Banguat) show that in October 2019 the country received remittances of $999.96 million, 16% more than the $863 million recorded in the same month in 2018.

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 increase 12% up to September 2018

October 2018

During the first nine months of the year, income from family remittances reached $6,824 million, 12% higher than the amount reported for the same period in 2017.

The most recent figures from the Bank of Guatemala show that in September 2018 the country received remittances of $746 million, which is 11% higher than the $672 million reported for the same month in 2017.

Guatemala: Remittances Up 11% in July 2018

August 2018

In the first seven months of the year, income from family remittances totaled $818 million, exceeding by 11% the amount reported in the same period in 2017.

The most recent figures from Banco de Guatemala show that in July 2018 the country received $818 million in remittances, an amount that exceeds by 23% the $644 million registered in the same month in 2017. 

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