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Mexico | Despite the pandemic Remittances continue unstoppable: they grew 14.1% in October

Published on Tuesday, December 1, 2020 | Updated on Thursday, December 3, 2020

Mexico | Despite the pandemic Remittances continue unstoppable: they grew 14.1% in October

In the first ten months of the year, 33,564 million USD have entered Mexico, 10.4% more compared to the 30,395 million USD received in the same period of 2019. Considering the ten months of the year, on average, the flow of Remittances to households in Mexico increased 20.3% in real terms.

Key points

  • Key points:
  • In the first ten months of the year, 33,564 million USD have entered Mexico, 10.4% more compared to the 30,395 million USD received in the same period of 2019.
  • Considering the ten months of the year, on average, the flow of Remittances to households in Mexico increased 20.3% in real terms.
  • Improving economic conditions in the US, the main country of origin for remittances to Mexico, has contributed to this growth in remittances. The general unemployment rate in that country stood at 6.9% during the month of October, although it still remains at levels higher than those observed prior to the pandemic.

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