Remittances to El Salvador nearing export totals

The influx of dollars via remittances is close to reaching the figure for exports.

Tuesday, August 5, 2008

Remittances from family members abroad totaled US$1.9385 billion during the first semester of 2008, surpassed by US$361.7 million in exports during the same period.
Remittances have continued to be one of the main pillars of the national economy for the last three decades.



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Remittances: Angel and Devil?

April 2013

Billions of dollars that alleviate poverty but put conditions on the productive development of Central American countries.

Taking the example of El Salvador, whose economy over the last 20 years has received $40 billion dollars sent by Salvadorans from abroad, an article by Roberto Flores in Alainet.org points to the extraordinary influence of the phenomenon in reducing the poverty-despite the stagnation of the Salvadoran economy-but also its involvement in the country's productive matrix.

Remittances to El Salvador to Up 7% up to August

September 2012

Family remittances sent by Salvadorans living abroad, amounted up to August, to $2.5907 billion, registering a growth rate of 7% compared to the same month last year.

A press release of the Central Reserve Bank of El Salvador reads:

Family remittances sent by Salvadorans living abroad, amounted up to August U.S.

Remittances for $13.06 billion to Central America in 2011

March 2012

By country: Guatemala $4.37 billion; El Salvador $3.65 billion; Honduras $2.86 billion; Nicaragua $1.05 billion; Panama $592 millions; Costa Rica $530 millions.

Inter-American Development Bank Report:

Remittances to Latin America and the Caribbean rose to $61 billion in 2011

El Salvador receives $3.8 billion in remittances

January 2009

In 2008 there was an average monthly income of $315.6 million, higher than the $307.9 average for 2007.

Elsalvador.com reports: "Salvadorans who reside abroad sent $3.78 billion to their families at home in 2008, an increase of 2.5%, the Central Reserve Bank (BCR) reported on Tuesday.

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