Family remittances set to exceed $4 billion in 2014
Figures from El Salvador's Central Reserve Bank show that remittances sent by Salvadorans living abroad to their relatives in the country are set to exceed $4 billion this year.
The amount of remittances has been growing annually since a significant drop in 2009 during the Great Recession.
To put these numbers in context, family remittances equal approximately one sixth of the country's gross domestic product. $4 billion in remittances would represent more than $2000 per person for each of the roughly two million Salvadorans living in the exterior.
(2014 figure is twice the January through June total)
The amount of remittances has been growing annually since a significant drop in 2009 during the Great Recession.
To put these numbers in context, family remittances equal approximately one sixth of the country's gross domestic product. $4 billion in remittances would represent more than $2000 per person for each of the roughly two million Salvadorans living in the exterior.
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