A. M. The Banco Central de Reserva (BCR) of El Salvador reported that family remittances sent to the country experienced a notable year-over-year growth of 18.2% during the first quarter of 2025, the highest rate recorded in the last five years. This upward trend reflects a strengthening in the flow of money by salvadorans abroad.
During january, remittance inflows amounted to US$677.13 million, while in february, US$729.28 million were recorded. In march, remittances reached US$863.33 million, a significant increase compared to the same month in 2024, when US$688.39 million were reported, demonstrating a sustained and growing recovery in the flow of these resources to the country.
The United States continues to be the main source of remittances for El Salvador. In the first quarter of 2025, Salvadorans residing in the world’s largest economy sent more than US$2,098.7 million, representing 92.5% of the total. This amount is US$341 million higher than the same period last year, an increase of 19.4%.
Remittances from Spain also showed significant growth of 16%, totaling US$14.7 million, while those sent from Italy reached US$13.6 million, an increase of 10.4%. These two European countries are the third and fourth largest sources of remittances to El Salvador, respectively.
This sustained increase in remittances represents a significant boost to the salvadoran economy, as these funds are key to the consumption of thousands of households, as well as to boosting sectors such as commerce and services. The BCR will continue monitoring the evolution of these inflows, which constitute a vital source of economic stability for the country.
