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Remittances

Remittances latest publications

June 1, 2020

Mexico | Remittances almost immune to the coronavirus crisis, only decreased 2.6% in April

Despite the fact that the unemployment rate increased from 4.4% to 14.7% between March and April in the U.S., the flow of this resource to Mexico had a decrease of only 2.6% during April, with an amount of 2,861 USD. Remittances to Guatemala decreased 20.2%, while in El Salvador they fell 40.0% in this period.

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.

December 3, 2019

Infographic Migration and Remittances in South America

The infographic contains information on the countries of South America, where it is highlighted that, in 2018, the region received 18.5 billion USD on remittances and, in 2017, there were 12.0 million emigrants.

November 25, 2019

Infographic Migration and Remittances in the Caribbean

The infographic contains information on the countries of the Greater Antilles and the Lesser Antilles in the Caribbean, where it is highlighted that, in 2018, the region received 12.7 billion USD for remittances and, in 2017, there were 8.2 million emigrants.

November 1, 2019

Mexico | Remittances add 42-month streak with growth, increased 13.3% in September

Remittances accumulate an annual growth of 9.2% in the first 9 months of 2019, with an amount of 26,980 million USD. In September, unemployment rate in the US was 3.5%, the lowest rate observed in the last 50 years, since 1969. This condition drives the sending of remittances to Mexico.