The Central Reserve Bank of Peru published figures showing remittances sent by Peruvians working abroad reached USD 4,945 million in 2024, an 11.2% increase from 2023 (USD 4,446 million). The inflow was equivalent to 1.7% of gross domestic product (GDP), broadly unchanged from the previous year. In quarterly terms, remittances totalled USD 1,280 million in the fourth quarter of 2024, 6% higher than a year earlier. The bank linked the increase to the recovery in employment in the United States, the main source country for remittances.
Central Reserve Bank of Peru reports remittances rose 11.2% to USD 4.945 billion in 2024
The Central Reserve Bank of Peru reported that remittances from Peruvians abroad reached USD 4,945 million in 2024, marking an 11.2% increase from 2023. This inflow represented 1.7% of GDP, consistent with the previous year. The rise is attributed to improved employment conditions in the United States, the primary source of these remittances.