Guatemala: Growth in remittances eases in January
Remittances totaled USD 906.8 million in January, growing 8.6% year-on-year, down from December’s multi-year high of 23.7% jump. On a 12-month moving average basis, remittances reached USD 11.4 billion in January, up from the prior month’s USD 11.3 billion. January’s 12-month rolling sum marked a 7.1% increase from a year prior (December: +7.9% year-on-year). Remittances are a key source of income for Guatemalan families and tend to follow employment trends in the United States, where the majority of remittance payments originate from.