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%).
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.
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.
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.
Mexico | Remittances are unstoppable, increased 31.0% in May, reaching a new all-time high
Remittances totaled 4,515 million USD in May. With a growth of 31.0%, they set a record in the reception of these resources. The effect of "Mother's Day" and the increase in the demand for migrant labor in the US economy are some of the factors that may explain this growth.
In February, remittances to Mexico and several countries in LAC grew at double digits
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%).
The recovery of growth in Latin America continues to be very uneven. We are simultaneously dealing with the impact of the Argentine exchange rate crisis, the uncertainty generated by the reforms of the new government in Brazil and the mixed news coming out of Mexico. By contrast, the Andean countries are accelerating thanks…
The recovery of growth in Latin America continues to be very uneven. We are witnessing at the same time the impact of the currency crisis in Argentina and uncertainty over how far-reaching the new Brazilian government’s tax and pension reforms will be. On the other hand the Andean countries continue to accelerate, driven by…