July registered US$637 million with a 2% growth despite the inflationary crisis affecting the United States and the rest of the world. By the end of 2022 the official said that they are expected to grow by 3.2%, or US$7.7 billion.
In addition, 99% of remittances have been used for personal consumption, such as, for example, paying debts, food, health, housing and entertainment, adding that only 1% of these remittances go to invest in business, real estate or construction.
Likewise, the average remittance went from US$311 to US$315, a growth of US$4, increasing 1.3%. Likewise, as of july 2022, more than 13 million remittance transactions have been registered, an increase of 16,418 more than in 2021, with remittances coming from 141 countries around the world.
Remittance companies have accumulated US$2,739 million, banks US$1,520, wallets US$74 million, cash and recharges 83 million with a growth of 11%.
The main departments that received remittances are San Salvador, Santa Ana, San Miguel and La Libertad, which concentrate 50% of this money, also 194 municipalities in the country receive cash from abroad.