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Mexico | Migration is a guiding principle for 2019-24; remittances total 36-month growth

Thursday, May 2, 2019

Mexico | Migration is a guiding principle for 2019-24; remittances total 36-month growth

The Government of Mexico presents the National Development Plan 2019-2024, with migration being one of its 12 guiding principles. The Plan seeks to prevent people from migrating due to lack of opportunities or insecurity. In March, 2,897md in remittances (+8.3%) entered Mexico, and in 2019Q1 they accumulated 7,699md (+7.1%)

Key points

  • Key points:
  • The topic of migration is a guiding principle for Mexico's National Development Plan 2019–2024. There are at least three action strategies: 1) Sector-specific Social Programs to curb the migratory flow; 2) agreements between Mexico, the U.S., Guatemala, Honduras and El Salvador to re-invigorate the economy and prosperity of Central America; and 3) transit and integration measures for migrants in Mexico.
  • In March, Mexico received USD 2,897 million in remittances (+8.3%), with a total for Q1 2019 of USD 7,699 million, a 7.1% increase on Q1 2018.
  • In real terms, in Q1 2019, households in Mexico received 5.4% more remittances than during the same period in 2018.
  • 7 states accounted for half of remittances to Mexico: Michoacán, Jalisco, Guanajuato, State of Mexico, Oaxaca, Guerrero and Puebla. The municipalities of Tijuana, Puebla, Morelia, Guadalajara and Culiacán receive the most remittances.

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