The risk of remittance dependence
- Macroeconomy, ratings and risk
- Sovereign rating and country risk
- not audited
Almost a fifth of GDP (19.1% in 2024) depends on transfers from the United States. That exposes the economy to shifts in US immigration policy and means consumption growth does not reflect domestic productivity. Moody's warns that the massive inflow “has not translated into real development” because of high informality (TodaNoticia coverage, May 2026). Remittances are at once the prop under the quetzal and the external account, and the country's principal external vulnerability.
The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.
Figures
- Remesas / PIB
- 19.1%
Caveat
Sources
Related records
This layer is research: read from public sources by the archive's own team, every claim cited with the date it was consulted, and audited where it is marked so. It has not entered the verified store — no figure here was fetched back from its source or stamped with a retrieval time — so it wears no red provenance numeral and never mixes with the verified figures.