Saturday 18 September 2021

Northern Triangle Exceeds US$ 10 billion in remittances

Paying the bills

Latest

What are we celebrating?

QCOSTARICA - From the gallows humor department is the...

Sala IV rejects covid patient’s claim for Caja to pay the cost of a private hospital

QCOSTARICA - A claim made by a family against...

Finally, migrant population in Costa Rica will be vaccinated against covid-19

QCOSTARICA - After complaints raised by migrants because they...

Costa Rica is the Main Exporter of Palm Oil in 2020

QCOSTARICA - In 2020, Costa Rica was the largest...

Uruguay considers allowing tourists to buy marijuana

Q24N - The first country in the world to...

Today’s Vehicle Restriction September 18: “ODD” ending plates CANNOT circulate

QCOSTARICA - Starting today, September 18, we go back...

500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of...
Paying the bills

Share

Remittances sent by migrants to Guatemala, El Salvador and Honduras, the Northern Triangle of Central America, exceeded US$10 billion dollars between January and July of this year, according to their central banks.

Guatemala leads with the highest flow of dollars and a growth of 10.62% in those seven months of 2018 compared to the same period last year. According to statistics released by the Central Bank of Guatemala, in the first seven months remittances reached US$5.217 billion. The remittances represent 10% of the Gross Domestic Product (GDP), according to the International Organization for Migration (IOM).

For its part, the Central Reserve Bank (BCR) of El Salvador registers the income of US$2.688 billion, with the difference that this report only covers the first half of the year. In those six months they saw a growth of 9.3%, with respect to that period of 2017.

- Advertisement -

Meanwhile, the Central Bank of Honduras (BCH) reports that US$2.8 billion, between January and July, with year-on-year growth of 9.2% in relation to that date of 2017.

The growth in shipments by the diaspora of the Northern Triangle of Central America, is derived from a good performance of total employment in the United States of 4% last June, equivalent to 0.2% more than the rate recorded in May. The Hispanic labor supply, meanwhile, totaled 4.6%, which was 0.3% lower than that reported in the previous month.

In 2017, three million Guatemalans living abroad sent a record US$8.192 billion; El Salvador received US $5.021 billion from 2.8 million migrants living in the United States. No data was available for Honduras.

Source (in Spanish): Revistasumma.com

- Advertisement -
Paying the bills
Q Costa Rica
Reports by QCR staff

Related Articles

Flaws in Bukele’s digital wallet ruin bitcoin debut in El Salvador

Q24N - The Bitcoin debut in El Salvador as an official...

El Salvador will adopt bitcoin as currency amid strong skepticism

Q24N - El Salvador will, on Tuesday, September 7, become the...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.