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.
"The central bank estimates the figure will be $4.5 billion at the end of the year, despite the high rate of unemployment in the U.S., where more than 1.4 million Guatemalan workers live", reported Elperiodico.com.gt
Source: elperiodico.com.gt
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October 2010
Between January and September, wires amounted to $ 2,645.3 million, 2.4% higher than the same period of 2009.
According to statistics from the Central Reserve Bank, incomes in the month of September were $ 270.7 million, 0.1% lower than the same month last year.
Elsalvador.com on its website reports, "The average monthly income for the first nine months of this year has been $ 293.9 million, exceeding by $ 6.8 million the same period of 2009."
November 2011
In the first ten months of the year, remittances totaled $3,656 million, 6% higher compared to the same period in 2010.
According to the Banco de Guatemala, the performance of remittances this year, after the crisis of 2009, has been positive, with the exception of last July in which a decline of 9% was recorded.
May 2011
In the first quarter of the year, remittance income increased by 8.7%, $108.4 million, compared to the same period in 2010.
According to the Bank of Guatemala, in April alone, $371.2 million entered the country, an increase of 7.8% compared to $344.4 million in the same period in 2010.
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.
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