Colorful city in Guatemala

Guatemala Remittances March 2018

Guatemala: Remittances growth eases in March

Remittances from workers abroad grew 2.0% in March from the same month a year earlier, reaching USD 755 million and marking a deceleration from February’s 2.6% expansion.

In the 12 months through March, remittances ticked up to a cumulative USD 8.3 billion, an all-time high and unchanged from a month earlier. Moreover, cumulative transactions through March represented an 11.2% increase from a year earlier, a slight deceleration from the 12.7% increase recorded in the 12 months through February.

Remittances, an important source of income for Guatemalan households, account for more than a tenth of the country’s output and the vast majority of receipts originate in the United States. As such, remittances are inextricably tied to U.S. employment trends and the broader health of the U.S. economy. Furthermore, the recent surge in remittance inflows has come amid heightened uncertainty over the direction of U.S. immigration policy.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest