An increase of 19.9% was recorded compared to 2022, the BCRP reported.
- Price of the dollar in Peru today: what is the exchange rate for this Saturday, March 2?
- Fixed-term deposit 2024: where should you save your money, banks, savings banks or financial institutions?
In 2023, remittances from Peruvians residing abroad reached US$4,446 million, 19.9% more than what was seen in 2022, according to the Central Reserve Bank (BCRP).
The rise was driven by higher shipments from the United States and surpassed the 3.2% annual expansion seen in 2022.
The issuing entity adds that the total remittances are equivalent to 1.7% of GDP.
In the fourth quarter alone, remittance shipments reached US$1,207 million, 22.3% higher than the same period in 2022. The recovery of employment in the United States—the main source of remittances—supports the increase.
In the LR Economy section we have a team of professionals who are dedicated to writing, reviewing and analyzing articles to guarantee the quality of our content. We are committed to providing accurate and useful information about the economy.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
