*Guatemala’s central bank (Banguat) has released new figures showing that remittances to the country totalled US$21.51bn in 2024, up 8.6% on the previous year. Yet the figures nonetheless indicate a slowdown in the growth of remittances, with remittances up 9.8% in 2023, 17.9% in 2022 and 34.9% in 2021. Remittances to Guatemala accounted for 19% of GDP in 2023 according to an October 2024 update by the World Bank.
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