Searcher

Published on Tuesday, February 1, 2022 | Updated on Tuesday, February 1, 2022

Mexico | Remittances grew 27.1% in 2021, reaching a new historical maximum

Remittances totaled 51,594 million USD throughout 2021, +27.1% compared to 2020, and have accumulated a streak of 8 consecutive years of growth, which began in 2014. Between 2020 and 2021, during these first two years of the COVID-19 pandemic, remittances have grown 41.6% compared to 2019.

Key points

  • Key points:
  • Remittances totaled 51,594 million USD throughout 2021, +27.1% compared to 2020, and have accumulated a streak of 8 consecutive years of growth, which began in 2014.
  • In November 2021, the unemployment rate of the Mexican migrant population in the United States fell to 3.7%, in December it was 4.1%.
  • 98.9% of remittances were sent electronically, 94.9% came from the United States and 4 out of every 5 pesos were paid in non-banking institutions.
  • Seven states (Jalisco, Michoacán, Guanajuato, State of Mexico, Mexico City, Guerrero and Oaxaca) concentrated almost half of the total remittances received during 2021.
  • Jalisco, Michoacán and Guanajuato remain the main entities receiving remittances. Tijuana is the municipality that received the most remittances in 2021.

Documents to download

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment.

Load more

You may also be interested in