Nicaragua received $182 million in remittances from Costa Rica in 2012
Nicaraguans living abroad sent home more than $1 billion in remittances in 2012, the highest figure in the last two decades, according to the Nicaraguan Central Bank.
Remittances from Costa Rica totaled $182.6 million (18 percent), in second place after $553.4 million received from the United States. Nearly 55 percent of total remittances were sent from the U.S.
Nicaraguans living in Spain sent $57.9 million (5.7 percent of the total).
Last year’s total is an increase of $102.6 million (11.3 percent) compared to $911.6 million in 2011, the local daily El Nuevo Diario reported.
Remittances accounted for 9.7 percent of Nicaragua’s gross domestic product in 2012, and 9.5 percent in 2011, according to the bank.
Nearly one in five Nicaraguans live abroad, mainly in the United States and Costa Rica. Half of that number lives without legal residency.
You may be interested
Download our High Season Print Edition hereThe Tico Times - December 17, 2017
Thanks to all the readers from around Costa Rica and the world who have written to ask how they can…
PHOTOS: Costa Rica’s Festival of LightAFP - December 17, 2017
Costa Rica's traditional Festival de la Luz, a holiday parade through the heart of San José, filled the capital with…
Give green in Costa Rica: holiday gifts that will live on all yearEd Bernhardt - December 16, 2017
A warm holiday greeting from the garden to all our readers. Another year has come to an end, and it’s…