Guatemala’s remittances registered a 5.9% YoY increase to USD 1.5 bln in January, albeit at a slower pace compared to the 7.5% growth observed in the previous month. Despite this deceleration, remittances continue to exhibit robust growth, with the 12-month rolling average rising by 9% YoY, slightly down from 9.8% in December 2023. Officials expect remittances to expand by 5% in 2024.