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Remittances

Remittances latest publications

September 1, 2020

Mexico | Remittances grew by 7.2% in July, 22% in real terms in pesos

45.9% of women and 31.3% of men who sent remittances do so to cover health expenses (medical attention, medicines, laboratory tests, hospital, etc.) in households in Mexico. By the end of 2020, remittances could reach USD $ 39.4 billion, + 8.1% y/y.

August 3, 2020

Mexico | Remittances in the time of COVID-19: hypothesis and different effects by region

In the second quarter of 2020, very marked differentiated effects were seen in remittances by region. The states of the Northwest region and the Traditional region presented increases in their flow of remittances, while the Central and South-Southeast region contractions, which leads us to propose THREE HYPOTHESES.

July 1, 2020

Mexico | From 320 to 380 million dollars of additional remittances due to "Mother's Day"

Remittances to Mexico are unstoppable, despite the difficult economic conditions due to the Covid-19 crisis, 3,379 million USD reached Mexico, + 3.0% compared to the same month last year. In real terms, due to the exchange rate depreciation, they grew 23.8%.

June 1, 2020

Mexico | Remittances almost immune to coronavirus crisis, decreasing by just 2.6% in April

Despite the unemployment rate increasing from 4.4% to 14.7% between March and April in the U.S. the flow of this resource fell by just 2.6% during April, amounting to USD 2,861 million. In April, remittances to Guatemala fell by 20.2%, while remittances to El Salvador fell by 40.0%.

May 4, 2020

Mexico | Record amount of remittances in a single month:USD 4,016 million in March (35.8%)

Immersed in the global crisis by Covid-19, remittances to Mexico reached a record of 4,016 million dollars in March. This is equivalent to a 35.8% growth, an increase not seen for 16 years. The sudden increase is partly explained by the strong appreciation of the US dollar against the peso, which increased by 25%.

April 1, 2020

Remittances to Mexico could fall 17% in 2020 and recover between 2023-2028 due to Covid-19

Due to the uncertainty regarding its duration, it is difficult to estimate the impacts of the Covid-19 crisis on the flow of remittances to Mexico. This article makes an estimate based on the effects of the past global financial recession of 2008/2009 on remittance flows. Three scenarios are presented.

February 4, 2020

Mexico | Remittances reached historical record in 2019: 36,049 million dollars

For the fourth consecutive year, remittances exceeded their historical maximum. 94.6% of remittances come from the US. Michoacán (3,584 md), Jalisco (3,499 md) and Guanajuato (3,286 md) were the main recipients of remittances in 2019. Remittances could grow 6.0% and reach 38.2 billion dollars in 2020.

December 18, 2019

Migration Watch, end of year 2019

There are 272 million migrants in the world in 2019, 23.0% more than in 2010. Mexico is the 2nd country with more migrants in the world. In 2019 there are 12.4 million Mexican migrants in the U.S. Remittances to Mexico will exceed 36 billion dollars in 2019, which will be ranked 3rd in the world, displacing Philippines.