Remittances latest publications
Book edited by BBVA Research, BBVA Foundation and the National Population Council (CONAPO) made up of 10 chapters that addresses the main statistics on the multiple migratory flows and human mobility, and remittances at a global level, with an emphasis on Mexico.
September 1, 2022
Mexico | Remittances link 3 consecutive months breaking record and above 5 billon USD
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.
August 1, 2022
Mexico | Remittances recorded second consecutive month with more than 5 billion dollars
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 Protocols (MPP), known as “Remain in Mexico”.
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%).
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%).