Remittances to Guatemala increased by 14.5 percent in January
GUATEMALA CITY – Remittances to Guatemala from the United States totaled $357.8 million in January, 14.5 percent more than the same month last year, the Bank of Guatemala reported on its website.
In 2012, remittances to Guatemala reached a record high of $4.8 billion, $404 million more than the previous year.
The growth occurred despite the fact that 40,635 people were deported from the United States last year, some 10,000 more than those deported in 2011.
Government officials project a growth of 6 percent in remittances this year, up from the $5 billion mark.
According to the International Organization for Migration, some 1.5 million Guatemalans live abroad, 1.3 million of them in the U.S. Most live without legal residence status.
You may be interested
Fishing for the next generation in QueposScott Cutter / Marina Pez Vela - May 20, 2019
Having completed the 20th edition of the Offshore World Championship in May, and the 7th edition of this iconic event…
Costa Rica announces provisional 40-man roster for Gold CupAlejandro Zúñiga - May 20, 2019
Costa Rica on Monday announced the 40-man provisional roster that will serve as the basis for its 2019 Gold Cup…
Costa Rica allocates $3.35 million for port infrastructure in LimónAlejandro Zúñiga - May 20, 2019
The Atlantic Port Authority (JAPDEVA) will manage more than $3.35 million as it explores four projects to support the economy…