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The Guardian - UK
The Guardian - UK
World
Jeff Abbott

Guatemala’s economy buoyed by record $15bn sent home from workers overseas

Guatemala United States
A woman counts US dollars
An estimated 2.9 million Guatemalans live and work in the US. The money they send back props up their home country’s economy. Photograph: Marvin Recinos/AFP/Getty Images

The amount of money Guatemalans living abroad send home to their families reached record levels in 2021. Remittances rose to more than $15bn (£11bn) in 2021, an increase of 35% on the previous year.

The unprecedented rise prompted experts to question the political will to tackle the migration crisis when remittances from the US contribute so much to the Guatemalan economy.

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