Meanwhile, another upward behavior promoted by Mother’s Day festivities are expected, according to the authorities of the Bank of Guatemala (Banguat).
The Central Bank reported on May 6, that the entry of family remittances of April reached US $ 1,984.6 million, a figure that represents a growth of US $ 136.5 million, 7.38% more than the same month of 2024.
The accumulated of the year, from January to April 2025, stood at US $ 7,627.3 million. It is 16.8% higher (US $ 1,096.6 million more), compared to the same period in 2024, when it showed an accumulated variation of 9.1%, explained the president of Banguat, Álvaro González Ricci.
The growth of remittances is still explained by its main determinants, which are a job in the United States that remains solid despite less favorable growth expectations for this year, the official said.
In addition, it influences additional shipping before the fear of Guatemalan migrants of being deported from that country.
The daily average of shipments rose to US $ 92.3 million compared to US $ 76.3 million daily of 2024, he added.
In May, by Mother’s Day, remittances are upset since “it is a time when nostalgia catches our nationals in the United States and send more remittances, above what the trend indicates” exposed, José Alfredo Blanco, vice president of the Banguat.
Therefore, for May they anticipate that the figure will be more than US $ 2 billion.
The most pronounced growth occurs in the first ten days of May.
According to Blanco, remittance income is not pressing the exchange rate. The issue has been analyzed in the Monetary Board, it is observed that “more remittances enter, the main banks receive remittances and are selling dollars from that excess, but we are managing it through the volatility rule, so that we avoid the volatility in the exchange rate”, and this has remained quite stable and to date since there has been no distortion in this variable by the concept of this variable Remittances, the official added.
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González recently stated that when observing an estimate of 9% growth by the end of the year, “almost every month they will be record, unless there is a change that we are not seeing yet in issues of immigration policy.”
In recent days there was a growth in the flow of family remittances because some shipments were anticipated due to Holy Week. Although these flows are expected to decrease in these next few days, but it is anticipated that some high remittance flows derived from Mother’s Day could be expected, which would continue to somehow influencing the behavior of the type of field.
By 2025 the annual income of US $ 23,466 million is expected, which would represent 9% growth compared to 2024. The projection was reviewed upwards, since 6% were initially estimated.
The amount means about 19% of the gross domestic product (GDP).