Table 2.
Remittance estimations for the countries in our sample, 2019 and 2020 (USD Million).
| Mexico and Central America | Remittances 2019 (USD, Million) | Remittances 2020 (USD, Million) | Percentage change |
|---|---|---|---|
| Antigua-Barbuda | 34 | 28 | −18% |
| Barbados | 134 | 113 | −16% |
| Belize | 103 | 83 | −20% |
| Costa Rica | 837 | 740 | −12% |
| Dominican Republic | 7,847 | 7,088 | −10% |
| El Salvador | 5,575 | 4,796 | −14% |
| Guatemala | 7,873 | 7,039 | −11% |
| Haiti | 2,233 | 1,955 | −12% |
| Honduras | 4,480 | 3,993 | −11% |
| Jamaica | 2,712 | 2,333 | −14% |
| Mexico | 36,125 | 29,964 | −17% |
| Nicaragua | 1,351 | 1,158 | −14% |
| Panama | 717 | 642 | −10% |
| St. Kitts-Nevis | 49 | 41 | −16% |
| St. Lucia | 43 | 35 | −17% |
| St. Vincent | 42 | 37 | −13% |
| Trinidad and Tobago | 142 | 124 | −13% |
Note: This table presents the results for all the countries included in the sample, but authors focus on Central America countries only for the analysis of the distributional impacts of changes in remittances.
Source: Authors’ predictions based on the authors regression model selected by LASSO.