Remittances to El Salvador Keep Increasing

Consistent with the bullish behavior of the last months, from January to November the country received $4.935 million in family remittances, 9% more than what was reported in the same period of 2017.

Monday, December 17, 2018

From the statement of the Central Reserve Bank:

El Salvador received US$4,934.5 million in family remittances up to November 2018 and increased 8.8%, surpassing by US$397.3 million the income received under this concept in the same period of the previous year; only in November US$430.2 million in family remittances were received, informed the Central Reserve Bank.

From January to November, family remittances were received from 160 countries. Among the largest are the United States with US$4,602.4 million, followed by the European Union with US$46.8 million and Canada with US$43.8 million.

According to Central Bank data, up to November 2018, the five largest regions receiving family remittances were: San Salvador (19.5% of the country's total remittances), San Miguel (11.7%), La Unión (8.2%), Santa Ana (7.9%) and La Libertad (7.7%), and among those receiving the lowest remittances are the regions of Cuscatlán (2.4%) and San Vicente (3.4%).

Read full statement.

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In accordance with the behavior that has been reported in recent years, in 2018 the country received $5,469 million in family remittances, 8% more than that recorded in 2017.

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From the statement of the Central Reserve Bank:

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