Nicaragua Receives Over One Billion Dollars Remittances in 2014

dollar-2TODAY NICARAGUA – Nicaragua received in 2014 more than us$1.135 billion dollars in remittances, according to a report from the Central Bank cited today by El Nuevo Diario newspaper.

Such figure, surpassing 5.3 percent the amount received in 2013, is the highest one in the last 20 years, the financial institution states.

The remittances that reached this nation in 2014, mainly came from the United States, Costa Rica, Spain, and Panama.

Five departments of the country accounted for 70 percent of family remittances from abroad: Managua, Chinandega, Leon, Esteli and Matagalpa.

The amount of family remittances represented 9.4 percent of the Gross Domestic Product in 2014.

(Via Prensa Latina)