Although the average amount per shipment remained at $316, the number of transactions increased from 13,814 to 15,015 when comparing 2021 to 2022. Photo: Reuters
Ecuador received $4,743.54 millionr for remittances in 2022. It is the highest number since Central Bank of Ecuador Take this stat.
The total amount is equivalent to 4.09% of Gross Domestic Production. In 2015, it contributed 2.39% of the GDP.
The amount received in 2022 meant an increase of 8.73% compared to 2021. In that year it amounted to 4,362.63 million USD.
Although the average amount per shipment remained at $316, the number of transactions increased from 13,814 to 15,015 when comparing 2021 with 2022.
Shipments from the United States
The amount comes from United State, which is the main destination for Ecuadorian immigrants, reached US$3,307 million. This amount represents 69.73% of what arrived in 2022.
According to the report you published Central Bank of EcuadorThe increase in the flow of remittances is mainly due to the economic recovery recorded in the United States.
Less money comes from Europe
a report Central Bank of Ecuador He points out that in the cases of Spain and Italy, the second and third destinations for Ecuadorean migrants, there has been a decline in arrivals.
from Spain It reached $782.96 million, which means a decrease of 13.91 compared to what was recorded in 2021.
In case Italy The decline was 9.81%. It decreased from $190.09 million in 2021 to $171.44 million in 2022.
Money coming from other countries like Mexico, Colombia, Peru, Canada, United Kingdom, Switzerland, Germany, France and Belgium It fell by 2.66% when comparing these two years.