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May 2, 2019

Mexico | Migration is a guiding principle for 2019-24; remittances total 36-month growth

The Government of Mexico presents the National Development Plan 2019-2024, with migration being one of its 12 guiding principles. The Plan seeks to prevent people from migrating due to lack of opportunities or insecurity. In March, 2,897md in remittances (+8.3%) entered Mexico, and in 2019Q1 they accumulated 7,699md (+7.1%)

March 1, 2019

Mexico | Government presents Migrant Protection Strategy, & remittances grow 6.5% in Jan.

The government presented a ten-point summary of its Migrant Protection Strategy for 2019–2024, which details: 1) a new vision focused on migrants' rights and 2) the expansion of the mobile consulate system to reach the most remote populations.

February 1, 2019

Mexico | Remittances Set Historic Record for Third Consecutive Year with US$33,481 million

Of the remittances received by Mexico in 2018, 94.1% came from the U.S., 97.7% were sent by electronic means and 71.7% were disbursed in non-banking institutions. 7 states accounted for half of the remittances that arrived in the country: Michoacán (US$3,393 millon), Jalisco (3,288), Guanajuato (3,046), Mexico (1,903), Oaxa…

December 3, 2018

Mexico | Remittances continue to grow,increasing by 3.4% YoY to US$2.94 billion in October

October was the 31st consecutive month of positive year-on-year growth in remittances, with a total of US$2.94 billion being sent to Mexico, representing year-on-year growth of 3.4%.

November 1, 2018

Mexico | Remittances powering ahead, up by 8.8% YoY in September, 30 months of growth

The US unemployment rate in September was 3.7%, its lowest level for nearly fifty years, favouring employment of Mexican immigrants and remittances to Mexico. Employment of the population of Hispanic origin in the US continues its rising trend, surpassing 27 million people in employment in September.

October 1, 2018

Mexico | Remittances grow 9.1% in August completing 29 consecutive months of growth

The dynamics of remittances are explained firstly by the number of transactions recorded, which increased by 5.0%, and secondly by the 3.8% increase in the average amount of remittances. In real terms, remittances grew by 9.9%, mainly due to the exchange rate effect.

September 3, 2018

Mexico | New Banxico measurement pushes remittances up by 5% in 2017 & 2018,+10.3% in July

In July 2,866.5 million dollars (md) of remittances entered Mexico, growing at an annual rate of +10.3%, an amount very close to that forecast by BBVA Research (2,876 md) and that of market consensus (2,900 md). With this figure, remittances have seen 28 consecutive months of growth since April 2016, during which average gr…

August 1, 2018

Mexico | Remittances increased by 23.1% in June and have reached 3.141 billion dollars

Tijuana, Guadalajara, Puebla, Morelia, and Culiacán were the municipalities that received the most sizeable remittance totals in the first half of 2018, of which Guadalajara and Morelia were notable for exhibiting YoY growth rates of 22.1% and 25.8% respectively.