Banco de México

Banco de México latest publications

June 1, 2022

Mexico | Remittances grew 16.5%, but due to inflation, households received only 8.2% more

Inflation has also hit the remittances-receiving households in Mexico, although they grew 16.5% in US dollars in April, they increased 8.2% in real terms. Something similar happened in March, the flow of remittances in US dollars increased 12.9%, but in real terms they advanced 4.1%.

May 2, 2022

Mexico | Title 42 is maintained, migrant arrests at their maximum, and remittances +12.6%

Judge blocks the end of Title 42 in the U.S., for 2 years 88.2% of the arrests of Mexican migrants concluded in immediate expulsion. In March 2022, arrests of migrants in the U.S., and also of Mexican migrants, are at their maximum: 221,303 in total, 87,388 (39.5%) were Mexicans.

April 1, 2022

Mexico | Employed Mexican migrants falled 20% in the pandemic, but they are 3.2% up now

At the beginning of the pandemic, the jobs of Mexican migrants in the US contracted by 20%, but they are already 3.2% above pre-pandemic levels. However, the labor participation rate is at 66%, lower than pre-pandemic levels (68%); and the unemployment rate at 4.3%, above the average in 2019 (3.5%).

March 1, 2022

Mexico | Remittances accumulated 21 months to the rise, increased 19.6% in January

The surprising growth of remittances to Mexico during 2020 and 2021 is not particular to the country, but is common among many LAC countries. In 2021, remittances to Guatemala increased 34.9%, higher than the increase in Mexico (+27.1%), El Salvador (+26.8%), Dominican Rep. (+26.6%), Colombia (24.4%) and Jamaica (20.4%).

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.

January 3, 2022

Mexico | Does 1 in 5 pesos of remittances come from Mexicans in the construction sector?

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.