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.
El Salvador: Remittances Grow 9% up to February
| During the first two months of the year, the country received $874 million in family remittances, 8.8% more than in the same period of 2019.
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.
Honduras: Remittances Increase 13% in 2019
| Last year the country received $5,524 million in family remittances, an amount that exceeds by 13% the amount reported in 2018.
El Salvador: Remittances Begin 2020 with 6% Increase
| During January, the country received $425 million in family remittances, 6% more than in the same month 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.
El Salvador: Remittances Increase 5% in 2019
| Last year the country received $5.65 billion in family remittances, which is 5% more than the amount reported 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.
El Salvador: Remittances Exceed $5 Billion
| From January to November 2019, the country received $5.099 million in remittances, 5% higher than reported in the same period of 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.
El Salvador: Remittances Grow 5% up to October 2019
| In the first ten months of the year, the country received $4.642 million in remittances, 5% more than in the same period of 2018.
Panama: Penalization for Illegal Remittances
| Sanctioning anyone who transfers money through systems not authorized by the competent authority with an 8 to 15-year prison term is part of the bill that will be presented to the Assembly.
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