Remittances to Guatemala totaled $4.378 million

According to information from Banco de Guatemala at the end of the year, reported $4,378 million, a 6.1% higher than the $ 4,100 million received in 2010.

Deputy Economy Minister, Abel Cruz, "said the growth in remittances was even though the level of unemployment in the U.S., home to the vast majority of Guatemalans abroad remained above 9 percent also that the number of people deported in 2011 exceeded 30 000", reported Elperiodico.com.gt.

The Banco de Guatemala forecast are a total of $4,600 million for this year, 2012.

Source: elperiodico.com.gt

More on this topic

Remittances in Guatemalan Economy

April 2012

In 2011 remittances grew by 5% compared to 2010; so far 2012 the amounts have already exceed those from the same period in 2009, making up 10%-11% of Guatemala's GDP.

In 2011, remittances to Guatemala exceeded the record highs of 2007 and 2008, before the global crisis. Last year, Guatemalan migrants sent home $4.378 billion, according to the Bank of Guatemala (Banguat).

Guatemala: Historical Income in Remittances in May

June 2011

The reported monthly income of $415.3 million is the highest in the country's history.

According to the Banco de Guatemala (Banguat) it represents an increase of 16% compared to the same month in 2010.

"This is the second time the income remittance has exceeds $400 million in one month, the first time it happened was in July 2008 when the Banguat recorded $409.6 million.", explained an article in Elperiodico.com.gt

El Salvador Receives $267 million in Remittances in January

February 2012

Remittances received in January 2012, amounted to $267.3 million, surpassing the $18.1 million sent over in in January 2011 and showing a growth of 7.3% annually compared to the same month last year.

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

Remittances received from Salvadorans living abroad in January 2012 amounted to $267.3 million, exceeding the $18.1 million as admitted in January 2011 and showing a growth of 7.3% annually compared to the same month last year, reported the Management for Studies and Economic Statistics of the Central Reserve Bank of El Salvador.

Remittances to El Salvador reach $ 2.422 million up to August

September 2011

Remittance income in August 2011 has reported a 4.8% increase compared to the same period in 2010.

According to statistics from the Central Reserve Bank, remittances received in the month of August, totalled $ 307 million, and were higher than those recorded in the same month in the last three years.