Family remittances sent by Paraguayans living abroad have established themselves as a growing source of foreign currency inflows for Paraguay, reaching US$ 11,907.1 million in cumulative terms between 2008 and March 2026, according to data from the Central Bank of Paraguay (BCP).
Of that total, US$ 11,588.1 million entered between 2008 and 2025, while an additional US$ 318.9 million were recorded between January and March 2026 alone. The cumulative increase over the period represents a 6.3-fold rise in the annual flow, with a compound average growth rate of 11.5% per year.
The trajectory began with US$ 213.7 million in 2008 and reached the highest level of the series in 2025, at US$ 1,350.4 million. The growth, however, was not linear: following rapid expansion between 2008 and 2012, there was a correction phase in 2013 and 2014, followed by a recovery starting in 2015.
The recent cycle has drawn attention. In 2024, remittances surpassed the US$ 1 billion mark for the first time, reaching US$ 1,005.7 million. In 2025, the flow jumped to US$ 1,350.4 million, a 34.3% increase. In those two years alone, US$ 2,356.1 million entered the country — a figure exceeding the cumulative total between 2008 and 2012.
The first quarter of 2026 maintained the elevated level, with US$ 318.9 million compared to US$ 309.0 million in the same period of 2025, a 3.2% increase. Monthly figures show US$ 96.2 million in January, US$ 105.6 million in February, and US$ 117.2 million in March.
In addition to representing a significant source of foreign currency for the Paraguayan economy, remittances serve as supplementary income for recipient households, with an impact on consumption, education, healthcare, housing, and debt payments. These resources are also recorded in the current account of the Balance of Payments, under the secondary income heading.