While the average amount per shipment remains at USD 316, the number of transactions has increased from 13,814 to 15,015 from 2021 to 2022. Photo: Reuters
Ecuador received USD 4,743.54 millionr for remittances by 2022. This is the highest figure since central bank of Ecuador Take this statistic.
The total amount is equivalent to 4.09% of Gross domestic product. In 2015 it accounted for 2.39% of GDP.
The amount received in 2022 means an increase of 8.73% compared to 2021. In that year it was USD 4,362.63 million.
Although the average amount per shipment remained at USD 316, the number of transactions increased from 13,814 to 15,015 when compared in 2021 to 2022.
Shipping from the United States
Originated amount United States of America, which is the main destination of Ecuadorian emigrants, reached USD 3.307 million. That number represents 69.73% of those arriving in 2022.
According to a report published by The central bank of Ecuadorthe increase in remittance flows was mainly due to the economic recovery recorded in the United States.
Less money comes from Europe
Report from central bank of Ecuador shows that in the case of Spain and Italy, the second and third destinations of Ecuadorian migrants, there has been a decrease in arrival numbers.
From Spanish USD 782.96 million arrived, which is a decrease of 13.91 from that recorded in 2021.
In the case of Italy the decrease was 9.81%. Decreased from USD 190.09 million in 2021 to USD 171.44 million in 2022.
Funds coming from other countries such as Mexico, Colombia, Peru, Canada, United Kingdom, Switzerland, Germany, France and Belgium they are down 2.66% when comparing these two years.
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