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Not even remittances can save El Salvador from poverty

San Salvador, Jul 21 (Prensa Latina) At least two of ten Salvadoran families who receive remittances from the United States and other countries are in a state of poverty, El Salvador's Multipurpose Household Survey (EHPM) reported.

The survey, which collects reports about the economy and other factors affecting the population, showed that more than 497,000 households receive family remittances, and 19.2 percent of them are poor.

The study added that of 1.49 million Salvadorans who benefited from remittances, 95,582 live in poverty, 19,179 in extreme poverty, and 76,403 in relative poverty.

On average, each household received 203.33 dollars in monthly remittances in 2022, or at least 67.55 dollars per person.

Reports indicate that the country’s food basket has already exceeded 250 dollars, according to the data.

Statistics about the local economy show that family remittances are one of the main drivers of the Salvadoran economy.

For example, only in the first quarter of the year, remittances accounted for 23.4 percent of the Gross Domestic Product (GDP).

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