Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Bitar: U.S. remittances account for 20% of GDP in Central America

Rodrigo Bitar · Rodrigo Bitar – Overlooked Opportunities in Latin America (EP.442) · Apr 28, 2025 · at 35:46

Rodrigo Bitar, co-founder of 3x1 Partners, explains the economic linkage between the United States and Central American economies.

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“20% of many of these countries' GDP are remittances from the U.S. To the countries.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Remittances from the United States account for approximately 20% of GDP across multiple Central American countries.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Official macroeconomic data from the World Bank, the International Monetary Fund (IMF), the Inter-American Development Bank (IDB), and national central banks confirm that remittances—predominantly originating from the United States (over 75% to 98% share)—account for approximately 20% or more of GDP across multiple Central American countries as of 2023–2024. Specifically, personal remittance inflows represented 25.6%–26.7% of GDP in Honduras (over 90% from the U.S.), 23.5%–27.5% of GDP in El Salvador (over 92% from the U.S.), 27.0%–27.6% of GDP in Nicaragua (over 75% from the U.S.), and approximately 19.1% of GDP in Guatemala (over 90% from the U.S.).

World Bank and Banco Central de Honduras (BCH) data show remittances to Honduras accounted for 26.1%-26.7% of GDP in 2023 and 25.6%-25.9% in 2024, with 90.0%-98.4% originating from the U.S.
Banco Central de Reserva de El Salvador (BCR) and World Bank data show remittances to El Salvador accounted for 23.5%-27.5% of GDP in 2023-2024, with 92.3% originating from the U.S.
World Bank and IDB data confirm remittances to Nicaragua accounted for 27.0%-27.6% of GDP in 2023-2024, with the U.S. being the predominant source corridor.
Banco de Guatemala (Banguat) and IMF data show remittances to Guatemala represented 19.14% of GDP in 2023 and 19.12% in 2024, with over 90% sent from the U.S.

Checked against

[1] as-coa.org [2] theglobaleconomy.com [3] unitec.edu [4] revistaeyn.com [5] migrationpolicy.org [6] worldbank.org [7] worldbank.org [8] swissinfo.ch

remittances as percent of GDP Central America World Bank 2023 2024 share of remittances from US to Central America El Salvador Honduras Guatemala Nicaragua World bank personal remittances received percent of GDP Honduras El Salvador Nicaragua Guatemala 2023 2024 "Banco Central de Honduras" "remesas familiares" Estados Unidos porcentaje 2023 2024 Guatemala remesas familiares procedencia Estados Unidos 2023 2024 Banco de Guatemala remittances percent of GDP Guatemala 2023 2024 World Bank "Banco Central de Reserva de El Salvador" remesas "Estados Unidos" porcentaje 2023 2024

assessed as of 2026-09-02

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Mentioned

Central America Gross Domestic Product U.S.

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