By Arlenys Tabare
According to a report from the Inter-American Development Bankduring the past year Remittances to Latin America and the Caribbean reached a historical record of $174.4 billion dollars, marking 16 consecutive years of growth, despite the difficulties and economic uncertainty that many migrants are currently experiencing with constant fluctuations in local currencies and more restrictive policies.
And just days away from celebrating International Day of Family Remittances this June 16the money sending service, Zapp, made a new ranking of the 10 Latin American countries that received the most remittances during 2025.
For José Luis Orozco, CEO of Zapp, “remittances are much more than a money transfer; in many cases, they are the economic support that unites families across borders,” he said.
In the case of Mexico, which for years has been one of the largest recipients of remittances, The previous year registered a drop of 4.6%, about $61,791 million; However, in general terms, Latin America and the Caribbean reached an average of 16%.
For example, in the case of Guatemala, there was a growth of 20.2%, exceeding $25,857 million in 2025, being the second largest recipient. For its part, El Salvador had one of the highest percentages in three decades with 27.3%, while Honduras and Nicaragua registered 30% of their GDP.
Regarding these data, Orozco commented that Central America is today one of the regions with the greatest growth potential in remittances in the world, and technology is the key for this potential to be translated into exact well-being, he expressed.
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