EFE/14ymedio, Managua | 8 February 2024 — Nicaragua received a new record $4.66 billion in family remittances in 2023 – representing 29.7% of its gross domestic product (GDP) – of which $3.841 billion came from the United States, the Nicaraguan Central Bank reported Wednesday in Managua.
Nicaraguans received $1.4352 billion more than they did in 2022, when they received $3.2249 billion in remittances, 23 per cent of GDP and 44.5 per cent more, the state-owned bank said in a report.
The main sources of remittances in 2023 were from the United States with 82.4 per cent ($3.8411 billion), followed by Costa Rica with 7.1 per cent ($331.9 million), and Spain with 5.9 per cent ($276.6 million), the monetary entity highlighted. Remittances from these three countries together accounted for 95.4 per cent of the total.
Remittances from the US, Costa Rica and Spain together accounted for 95.4 per cent
Remittances from the United States totalled a record $3.8411 billion in 2023, $1.3714 billion more than received in 2022, when they totalled $2.4697 million, or 55.5 per cent more, the source stressed. In addition, the $3.8411 billion received from the United States exceeded the $3.2249 million sent in 2022 from all countries, according to official data.
Those from Costa Rica totalled $331.9 million, up 20.3 per cent over 2022 ($
