Caribbean & Central America - May 2019

Economic Highlights

EL SALVADOR | Remittances up. On 14 April El Salvador’s central bank (BCR) released new figures which show that remittances to El Salvador reached US$1.29bn in the first quarter of 2019, up 5.9% on the same period in 2018. According to the report, the main source of remittances was the US which accounted for 94.8% of the total, followed by Canada (0.9%), Italy (0.5%), Spain (0.4%), and Mexico (0.1%). The BCR report showed that, over the same period, remittances to Guatemala and Honduras reached, respectively, US$2.2bn (up 9.2%) and US$1.19bn (up 10.7%).

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