Guatemalan Economy According to the IMF
| For the international organization, during 2020, Guatemala's economy showed resilience, since in the context of the crisis caused by the Covid-19 outbreak, the GDP contracted only 1.5%.
Guatemala: Remittances Exceed $11 Billion
| Although forecasts at the start of the pandemic were pessimistic, during 2020 the country received remittances of $11.34 billion, an amount that is 8% higher than the $10.58 billion recorded in 2019.
Remittances: Shipments to Guatemala Rebound
| Due to the spread of the covid-19, family remittances sent to the country fell in March, April and May; however, the trend was reversed in June, when a 9% year-on-year variation was registered.
Guatemala: Remittances Increase by 19%
| During the first two months of 2020, family remittances sent to the country amounted to Ch$1,643 million, 19% more than reported for the same period in 2019.
Remittances: Good Outlook for 2020
| During the first month of the year, family remittances sent to Guatemala registered a 22% year-on-year variation, a rise that exceeds the 8% increase registered in the same period in 2018.
Remittances Exceeded $10 Billion in 2019
| Last year, family remittances sent to Guatemala totaled $10.508 million, 13% more than what was reported in 2018.
Remittances Total $9.567 Million up to November
| From January to November 2019, family remittances sent to Guatemala totaled $9,567 million, 13% more than what was reported in the same period in 2018.
Construction and Remittances: Drivers of the Economy
| According to the Central Bank, the constructive activity and consumption spending that Guatemalans make with the money received from abroad will boost the economy by the end of 2019, and this expansive cycle could extend until 2020.
Remittances: Record Figures in Guatemala
| During October 2019, family remittances sent to the country totaled nearly $1 billion, the largest amount recorded in a single month.
Guatemala: Remittances Up 14%
| From January to September 2019, family remittances to Guatemala totaled $7.748 million, 14% more than in the same period in 2018.
Guatemala: August Remittances Total $6.855 Million
| From January to August 2019, family remittances to Guatemala totaled $6.855 million, 13% more than in the same period in 2018.
Remittances Increase 13% up to July 2019
| During the first seven months of 2019, family remittances to Guatemala totaled $5.875 million, 13% more than in the same period in 2018.
Concern about the Future of the Relationship with USA
| Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.
Remittances increased 12% in the 1st Semester
| During the first six months of 2019, family remittances sent to Guatemala totaled $4.927 million, 12% more than the same period last year, growth that is higher than the 9% reported from January to June 2018.
Remittances: Growth Keeps Accelerating
| 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.
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Bank of Guatemala
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