Remittances in Nicaragua: Increase by 8% up to April 2019

During the first four months of 2019, the flow of remittances reaching the country totaled $518 million, 8% more than that reported in the same period of 2018.

Friday, May 24, 2019

According to published monthly data, remittances totaled $134.5 million in April ($128.9 million in April 2018), which meant a 4.3 year-on-year variation reported the Central Bank of Nicaragua (BCN).

The report of the Central Bank of Nicaragua (BCN) states that "... At the end of April 2019, remittances received by the Nicaraguan economy accumulated $518.3 million dollars, reflecting a growth of 7.5 percent over the same period in 2018."

Of the total remittances received in the first four months of the year, 54.9% came from the United States, followed by Costa Rica (18.9%) and Spain (12.6%).

Finally, the number of total transactions recorded up to April grew 8.9 percent, compared to the same period in 2018
."

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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).

Nicaragua: Remittances Increase 9% up to March 2019

April 2019

During the first three months of 2019, the flow of remittances that arrived in the country totaled $384 million, 9% more than what was reported in the same period of 2018.

According to published monthly data, remittances totaled $137.3 million in the third month of the year, which represented an 11% year-on-year variation with respect to the $123.6 million recorded in March 2018, informed the Central Bank of Nicaragua (BCN).

Nicaragua: Remittances Increase by 7%

April 2019

During the first two months of 2019, family remittances received by the country totaled $247 million, 7% more than what was reported for the same period in 2017.

According to published monthly data, remittances totaled $122.3 million in the second month of the year, which represented a 4.6% year-on-year variation with respect to the $116.9 million recorded in February 2018, informed the Central Bank of Nicaragua (BCN).

Remittances to Nicaragua Keep Rising

December 2018

In the first ten months of the year, the country received $1.226 million in remittances from abroad, an increase of almost 8% compared to the same period in 2017.

The Central Bank of Nicaragua (BCN) reported that remittances totaled US$128.9 million in October (US$118.5 million in October 2017), an 8.8 percent year-on-year variation.

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