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From its lowest point, in 2013, to 2022, remittances to Mexico have grown a total of 162.3%, positioning it as one of the main sources of foreign currency for the country. Thus, an important question to analyze is: Does Mexico receive more currency flow through remittances or through Foreign Direct Investment?
98.9% of the remittances arrived in Mexico through electronic transfers, 95.5% came from the United States and 82.3% were paid in non-banking institutions. Jalisco, Michoacán and Guanajuato were the states that received the most remittances, each exceeding 5 billion dollars in 2022.
Mexico consolidates as the second country that receives the most remittances, it will surpass China by more than 7 billion dollars, which is in third position in 2022. Despite the adverse economic conditions, the World Bank forecasts that world…
Remittances have accumulated a 30-month consecutive upward streak, since May 2020. Despite their dynamism, the inflation in basic basket products (+8.4% in October 2022) and the strength of the Mexican Peso against the US dollar have stagnated …
Remittances add up to a streak of 29 consecutive months of growth, which began in May 2020. Latinos constitute up to 34.3 million voters in the US, 14.0% of the voter registry in the elections on November 8, surpassing the self-identified popul…
So far in 2022, remittances to Mexico show a lower performance in relative terms compared to other countries in the Latin American and Caribbean region such as Guatemala (+20.8%), Honduras (+20.6%), Nicaragua (+ 38.4%) and Brazil (+25.4%).
Remittances accumulate three consecutive months marking a historical record. Despite the contraction of GDP in the US, the unemployment rate is at very low levels, which have only been lower for more than 50 years.
In the first half, remittances to Chiapas grew more than 70% and surpasses Puebla and Veracruz. In Michoacán, remittances (4,056 million dollars) represented 105.4% of the total amount of state income (3,849 million dollars) in 2020.
May is the month that more remittances are generally received, for Mother's Day, 17% more resources are received than other months of the year. The US Supreme Court of Justice determined that President Biden can end the Migrant Protection Proto…
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…
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.
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%).
