Guatemala Remittances April 2019

Guatemala

Guatemala: Remittances inflows pick up in April

May 6, 2019

Remittances from workers abroad rose at a solid 12.5% pace in April, up from the 9.6% increase logged in March. Remittances totaled USD 865.2 million (March: USD 826.7 million). Meanwhile, growth in the 12-month moving sum moderated to 13.9% in April from 14.6% in March.

Remittances are a key source of income for families in the Central American country and usually follow employment trends in the United States, where most remittances originate. Moderating economic momentum in the U.S. could lead to slower growth in remittances, while possible changes to U.S. immigration policy remain a key downside risk to the remittances outlook.

FocusEconomics Consensus Forecast participants see private consumption expanding 3.5% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists expect private consumption to increase 3.6%.


Author:, Economist

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Guatemala Remittances April 2019 0

Note: Monthly remittances in USD million and 12-month sum of remittances in USD billion.
Source: Guatemala Central Bank and FocusEconomics calculations.


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