Remittances from Ecuadorian migrants reach a new record

Ecuadorian migrants once again become the breadwinner for many families in Ecuador. According to data from the Migrant Alliance, in 2018 USD 3,030 million were received. In 2019 there were USD 3,234 million. In 2020, USD 3,335 million arrived. And in the year 2021, USD 4,362.

“Remittances are the main source of support for tens of thousands of Ecuadorian families, at the same time they are an important source of external financing for the country and represent a fundamental pillar for strengthening dollarization,” the organization said.

In addition, it was noted that remittances grew by 30.6% compared to 2020. Foreign direct investment registered a drop of -43.2, standing at USD 620.6 million, with a drop of -43.2, compared to 2020, when they were registered. USD 1,104.2 million.

“The figures confirm what we anticipated for months,” said the organization Alianza Migrante. In addition, it has been pointed out that the main points where Ecuadorian migrants are found are the United States, Spain and Italy.

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