January 3, 2022
Banco de México
Banco de México latest publications
In November, remittances to Mexico grew 37.7%. In 2021, the Mexican migrants in the United States grew to 11.9 million, 1 in 5 are employed in the construction sector. Several countries in Latin America and the Caribbean have also reported significant increases in their income from remittances.
December 1, 2021
Mexico | Remittances: new all-time high for the fifth time this year, $4,819md in October
Remittances to Mexico have increased 25.6% so far this year. However, this growth is common in the region, the World Bank estimates that remittances to Latin America and the Caribbean will increase 21.6% during 2021.
November 1, 2021
Mexico | Remittances increase (+23.3%) due to low unemployment of Mexican migrants (4.1%)
Favorable working conditions in the U.S. drive remittances to Mexico: the unemployment rate of the Mexican immigrants was 4.1% in September 2021. Since last May, the unemployment level of the Mexican immigrants is below average overall in the U.S. and below pre-pandemic levels.
For the fourth time so far this year, remittances have exceeded their all-time high. The Migration Intensity Index 2020 suggests a reconfiguration of the Migratory Map in Mexico in 2020, where the Traditional region no longer seems to have a dominant hegemony in migration compared to other regions.
Remittances reach a record, 4,540 million USD during July (+28.6%). If remittance income is omitted, the volume of the population in Mexico living in poverty in 2020 would have increased by 836,000 people, and those living in extreme poverty would increase by 351,000 people.
August 2, 2021
Mexico | Remittances grew 22.4% in 2021h1, 92md came from the N.T. of Central America
In June, 4,440 million dollars (md) entered Mexico in remittances (+ 25.5%) and achieved a streak of 14 consecutive months with increases. During the 1st semester they accumulated 23,618 md, achieving an advance of 22.4% at an annual rate. 95.2% of remittances were sent from the US.
Remittances to several countries in Latin America and the Caribbean grew at double digits during the month of February 2021: Mexico (+ 16.2% in USD), Guatemala (+ 16.7%), El Salvador (+ 13.0%), Dominican Republic (+ 27.6%) and Colombia (15.4%).
In the month of January, 3,298 million dollars arrived in remittances to Mexico (+25.8%). Remittances to Mexico could grow 7.0% and reach US $ 43.450 million in 2021. Quintana Roo, Campeche, Baja California Sur, Baja California and Tabasco could have growth in remittances of more than 16% in 2021.