During the first five months of 2019, family remittances sent to Guatemala totaled $4.045 million, 12% more than the same period last year, growth that is higher than the 8% reported from January to May 2018.
The latest figures from the Bank of Guatemala show that in May 2019 the country received remittances of $974 million, 21% more than the $809 million recorded in the same month in 2018.
In the first three months of 2019, income from family remittances in the country totaled $2,205 million, 9% more than in the same period last year.
The latest figures from the Bank of Guatemala show that in March 2019 the country received $826 million in remittances, 10% more than the $754 million recorded in the same month in 2018.
Between the first quarter of 2012 and the same period of 2019, remittance income has practically doubled, as figures rose from $1,058 million in 2012 to $2,205 million in 2019.
During 2018, family remittances to Central American countries and the Dominican Republic totaled $28.670 million, of which $9.288 million went to Guatemala.
In 2018, family remittances to Central America and the Dominican Republic (CARD) grew 11%, showing a slight slowdown with respect to what was observed in 2017 (12.0%). This slight slowdown was observed in all countries except Honduras, explained the Economic Commission for Latin America (ECLAC).
During the first month of the year, remittances from abroad to Guatemala totaled $688 million, 8% more than what was received in January 2018.
According to figures from the Bank of Guatemala, in January 2019 the country received $688 million in remittances, 8% more than the $635 million recorded in the same month in 2018.
In the last seven years, the amount of family remittances reported in January has doubled, with $305 million recorded in the first month of 2012 and $688 million in 2019.
In the first eleven months of the year, income from family remittances in the country totaled $8.444 million, 13% higher than that reported in the same period in 2017.
The most recent figures from the Banco de Guatemala show that in November 2018 the country received $757 million in remittances, 17% more than the $646 million registered in the same month in 2017.