Remittances to Honduras grow 11.9%

The remittances sent by Honduran immigrants to their families in the country were over $1.360 million for the first six months of this year.

Thursday, July 31, 2008

The dollars sent by honduran immigrants, most of them living in the United States, are the main source of foreign currency in the country, acknowledged the authorities. In 2006, remittances accounted for 25% of the country's gross domestic product.

More on this topic

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

Remittances to Honduras increased 7.3% in 2008

January 2009

Remittances sent to Honduras totaled $2.7 million, according to the Central Bank of Honduras (BCH).

Proceso Digital reports on its website: "Despite the increase, it was less in 2007-2008 than in 2006-2007, when it was 11.6%, it was said.

Honduran economic authorities had forecast the drop in the growth rate for remittances due to the unemployment that is affecting more and more Hondurans due to the crisis in the United States.

Remittances to Guatemala grow by 8.69 percent

July 2008

Despite the worldwide economic slowdown, remittances to families in Guatemala from members who live abroad have grown by 8.69 percent for the January-June period this year.

However, the rate of growth is down a bit from last year, when remittances increased by 12.64 percent year-over-year.

Migrants' remittances to Guatemala surge by 11.33 percent

May 2008

Remittances by emigrants to their families in Guatemala rose by 11.33 percent year-on-year to US$1.36 billion in the first four months of the year, according to the nation's central bank, Banguat.

In April alone, remittances totaled US$385 million, Banguat said.
According to official estimates, 1.6 million Guatemalans live in the United States, some 60 percent of them without immigration documents.

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