Nicaragua 2014: Remittances Up 5%
Wednesday, February 4, 2015
Revenues from remittances sent by Nicaraguans living abroad during 2014, amounted to $1,135 million, 5.3% more than in 2013.
According to the Central Bank of Nicaragua (BCN) during the month of December more remittances were received than during the rest of the year, reporting a total of $116.6 million. This exceeds the amount recorded in the same month of 2013, when $111 million came into the country.

The month with the lowest remittances reported in 2014 was January, at $85.6 million, unlike 2013 which recorded fewer remittances during June, with only $80.9 million. Moreover, the total amount of remittances recorded at the end of 2014, was the highest in the past 20 years.

The United States, Costa Rica, Spain and Panama were the main source countries over the past year. While the locations where remittances are concentrated are Managua, Chinandega, León, Esteli and Matagalpa.
 
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