Despite the economic crisis affecting the United States, one of the main destinations of choice for Nicaraguans seeking better opportunities, the money they send to their families in Nicaragua continues to grow.
In the first half of the year money sent amounted to over $500 million, 9% more than what was sent in the first half of last year.
According to an article in Laprensa.com.ni: "The vast majority of these resources come from the U.S., followed by Costa Rica, the main destinations for Nicaraguan migrants."
Source: laprensa.com.ni
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October 2011
From January to September, the country’s remittances were 5.3% more than in the same period in 2010.
In September alone, $286 million came into the country, exceeding the $26 million that came in September 2010.
The largest increase was recorded in the third quarter (July-September), being 7.3% more than in the same period last year.
April 2011
Remittances, vital for the country's economy, saw a 4.5% increase, year-on-year in the first quarter of 2011.
On average, in the first quarter of the year the country received $286.6 million in remittances, 0.9% more than the figure recorded in the same period of 2010.
"Remittances are an important source of income for the Salvadoran economy, making up 16.3% of the annual Gross Domestic Product (GDP), equivalent to 76.7% of total export value and covering 40.1% of the value of goods imported," according to Elsalvador.com.
July 2011
In the first six months of the year more than $2,000 million came into the country from abroad.
Remittances sent by Guatemalan families living abroad have increased by 9.3% compared to the first half of 2010.
The highest figures were recorded for June, with more than $416 million flowing into the country via this route, according to the Central Bank of Guatemala (Banguat).
September 2011
In August, total remittances received amounted to $409.5 million, 8.5% higher than in the same month in 2010.
In July remittances reported a decline of 9% compared to the same month in 2010.
According to the Bank of Guatemala, between January and August the total amount of remittances coming into the country was $2.934 million, 6.7% higher than the $2.748 million in the same period of 2010.
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