Family remittances received between January and April 2022 totaled $2,444.1 million, registering a growth of 4.2%, which translates to $99.4 million more than in the same period of the previous year, said the Central Reserve Bank (BCR).
Family remittances withdrawn through banking institutions in April totaled $840.2 million, equivalent to 34.4% of the total, with a growth of 1.2% compared to the same period of the previous year, while other institutions dedicated to the payment of family remittances represented 62.2 percent of the total, equivalent to $1,520.9 million and a growth of 3.2%, states the institution’s report.
For their part, family remittances withdrawn at the window until last month accumulated $1,614.7 million, with a 66.1% share of the total and a growth of 0.8%, while family remittances sent to bank accounts totaled $746.4 million, equivalent to 30.5% of the total, with a growth of 6.4% compared to the same period of 2021.
The BCR report shows that between January and April, the western zone accumulated $413.0 million, registering a growth of 3.3%; the paracentral zone received $289.1 million (3.1% more), the central zone received $892.0 million (an additional 2.7%); and the eastern zone received $765.0 million, equivalent to a growth of 1.4%.
In this sense, the three departments with the highest growth rate in the income from family remittances were Cuscatlán with 7.4%, Ahuachapán with 5.7% and La Paz with 5.2%.
Of the total family remittances sent to El Salvador, 94.0% were sent from the United States, followed by Canada (0.9%), Spain (0.4%), Italy (0.3%), and the United Kingdom (0.1%).