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Mexico | Remittances powering ahead, up by 8.8% YoY in September, 30 months of growth

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The US unemployment rate in September was 3.7%, its lowest level for nearly fifty years, favouring employment of Mexican immigrants and remittances to Mexico. Employment of the population of Hispanic origin in the US continues its rising trend, surpassing 27 million people in employment in September.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances grow 9.1% in August completing 29 consecutive months of growth

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The dynamics of remittances are explained firstly by the number of transactions recorded, which increased by 5.0%, and secondly by the 3.8% increase in the average amount of remittances. In real terms, remittances grew by 9.9%, mainly due to the exchange rate effect.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Yearbook of migration and remittances 2018

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The yearbook aims on the one hand, to introduce readers to the most significant current issues around migration in Mexico and the world at large; and on the other hand, to act as a source for consulting reliable statistical information for more specialized analyses.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | New Banxico measurement pushes remittances up by 5% in 2017 & 2018,+10.3% in July

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In July 2,866.5 million dollars (md) of remittances entered Mexico, growing at an annual rate of +10.3%, an amount very close to that forecast by BBVA Research (2,876 md) and that of market consensus (2,900 md). With this figure, remittances have seen 28 consecutive months of growth since April 2016, during which average growth rates of 11.0% were reported.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances increased by 23.1% in June and have reached 3.141 billion dollars

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Tijuana, Guadalajara, Puebla, Morelia, and Culiacán were the municipalities that received the most sizeable remittance totals in the first half of 2018, of which Guadalajara and Morelia were notable for exhibiting YoY growth rates of 22.1% and 25.8% respectively.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | 98,470 votes from Mexicans abroad in 2018, 140% more than in 2012

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The preferred candidate of Mexicans abroad was Andrés Manuel López Obrador, who gained 63,863 votes, 64.86% of the total, followed by: Ricardo Anaya Cortes with 26,344 votes (26.75%), José Antonio Meade Kuribreña with 4,613 votes (4.28%) and Jaime Heliodoro Rodríguez Calderón with 1,868 votes (1.90%).

Available in Spanish, English

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Mexico | Monthly remittances exceed US$3 billion for the first time ever

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May saw US$3,097.7 million in remittances, representing a YoY increase of 19.8%, the biggest increase seen in the past 18 months. The Mother’s Day effect, the favourable economic conditions in the US (unemployment at 3.8%) and the appreciation of the dollar against the peso seen in May are the three factors explaining this all-time record figure for remittances.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | New all-time record for remittances in April: US$2,716.9 million

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Remittances grew by 17.9% YoY, reaching a new all-time high of US$2,716.9 million, the biggest monthly amount ever received in Mexico.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances up 4% in March, making four months in a row of growth

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The low level of unemployment and the growth outlook in the US allowed remittances to continue to increase. In real terms, remittances continue to decline due to the combined effect of the CPI and the relative stability of the exchange rate. Colima (21.8%) and Baja California Sur (17.3%) were the states with the biggest increases in remittances.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances continue to grow, up by 6.9% YoY in February

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Favourable economic conditions in the United States will continue to drive remittances in 2018. However, there is an atmosphere of uncertainty among Mexican immigrants in the US in view of the reinforcement of the border wall, the increase in personnel for deporting migrants and the lack of any agreements to protect the “Dreamers” (beneficiaries of the DACA programme.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances start 2018 with positive growth of 7.5%

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BBVA Research estimates that remittances will grow 6.0% accumulated in 2018 reaching a figure close to 30.5 billion dollars. In real terms, remittances reveal a fall of 9.5% YoY owing to the rise in the level of prices in 2017 and exchange rate trends.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances grew 6.6% in 2017,reaching a new historical peak at US$28.771 billion

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The annualised growth of March (15%), July (10.8%), October (19%) and December (11.2%) of 2017 contributed greatly to reaching this record figure, mitigating the falls that occurred in some months of the year.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances fall 4.7% in November, but will end the year at a record high

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2017 has been a year of ups and downs for remittances: from January to November there were 3 months with falls and 8 with increases. This is partly due to Mexican immigrants' fear of possible deportation or restrictions on remittances and changes in US trade (NAFTA) and tax policies since Trump’s election victory.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances reach historic high of US$2,642.7 million

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Remittances in October 2017 mark a new all-time high, surpassing the previous record of $2,637.7 million established in October 2008. The depreciation of the peso against the dollar of more than 5% in October compared to September, due to the uncertainty generated by the NAFTA renegotiations, might explain this growth in remittances.

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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Mexico | Remittances showed a slight drop in September of -1.0%

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The flow of remittances in September showed a slight drop compared to September last year, nevertheless, US$2,349 million was received for this purpose. In real terms, remittances in pesos fell by 13.5%, the latter being caused by an inflationary component, and, principally due to the peso’s appreciation against the dollar observed in September

Units:
Geographies:Mexico
Topics:Migration

Available in Spanish, English

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