Thursday, 09 February 2023 15:54

San Salvador received the most remittances of US$1,580.7 million in december 2022

Written by Evelyn Alas

According to the director of Economic and Fiscal Policy of the Ministry of Finance, Luis Sanchez, explained that the Banco Central de Reserva (BCR) projections, for december of this year we estimate to have US$7,943 million in remittances. That is, US$201 million more than in 2022.

At the end of 2022, San Salvador is the department with the highest remittance income, with US$1,580.7 million received.

El Salvador: Remesas familiares registran crecimiento positivo de 9.8% en  junio - Revista Summa

In second place, among the departments with more remittances received, is San Miguel with US$890.8 million. The third place is between La Libertad and Santa Ana, with around US$618 million.

The official explained that the trend has been similar in the last 3 or 4 years. San Salvador has been the first place, San Miguel the second and Santa Ana and La Libertad are competing for the third place.

La pandemia no redujo las remesas a Latinoamérica: los envíos a la región  fueron los que más crecieron. Global Affairs. Universidad de Navarra

Likewise, the Minister of Economy María Luisa Hayem, detailed a few days ago in an interview that remittances reached their maximum in the history of the country and at the end of 2022 there was an increase of 3%.

Remesas a El Salvador totalizan US$3.778,7 millones en primer semestre de  2022 - Revista Summa

The , Instituto Universitario de Opinión Pública of the Universidad Centroamericana José Simeón Cañas (UCA), in its opinion study explained that 38% of the 100 salvadorans surveyed indicated that they had received remittances from abroad to meet their monthly household commitments.

The majority of salvadorans in the data recorded by the BCR, this money that people receive is mostly used to pay debts, such as house, bills, loans, recreation and personal consumption.


Translated by: A.M