Let Central Americans Send Their Money Home | Bloomberg View

Remittances amount to more than four times the aid and almost three times the foreign direct investment that Central America receives.

The $14.9 billion in remittances that Central America netted in 2013 also represents a big chunk of gross domestic product — well over 10 percent in Guatemala and El Salvador, and 18 percent in Honduras — that outstrips tax revenue.

To put that in perspective, however, neither those amounts nor proportions of GDP make the top 10 of remittance recipients (At the apex, China took in $71 billion, and Tajikistan relied on remittances for 48 percent of GDP).

via Let Central Americans Send Their Money Home – Bloomberg View.

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