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In the first quarter of 2024, the current account deficit represented 2.0% of GDP, decreasing 1.7 pps compared to the first quarter of 2023. The reduction in the deficit was partly explained by a trade deficit that narrowed from 2.8% of GDP in the first quarter of 2023 to 2.0% in the same period of 2024.

After the start of the pandemic in the US, the Latino employed population had a more dynamic recovery, and by November 2021, 19 months after its lowest point, it had already been able to recover to its pre-pandemic levels. In contrast, the non-Latino population recovered until January 2023, 33 months later.

Remittances to Mexico fell 3.3% in March. Thus, they culminate a streak of 46 consecutive months with growth, which lasted between May 2020 and February 2024. During this period, remittances increased in annualized terms from 38.8 billion to 63…

In November 2023, remittances to Mexico had an increase of 1.2%, for the month of December it was 2.2%, during the first month of 2024 they increased by 3.1%, and the last data, which corresponds to the month of February, was of 3.7%. Thus, in …

Why was the Depp v. Heard trial held in Virginia? Both Johnny Depp and Amber Heard are not residents of the state of Virginia, they do not have their tax domiciles, companies or homes in the entity and they did not spend part of their marriage …

The year 2023 closed with a current account deficit that represented 2.7% of GDP, 3.5 pps less than that recorded in 2022. This deficit is the lowest observed since 2010 and was accompanied by the largest drop in goods imports recorded (excluding the pandemic year) since 2001.

This observatory contains the update of remittances that was presented on March 1, 2024 by the Bank of Mexico and it contains information related to the levels of poverty of the population that lived in households that received remittances, with respect to the population in households that did not they received remittances.

Remittance income in Colombia reached US$10,091 million in 2023 and represented 2.8% of GDP. This external income should be taken full advantage of, as it materializes in greater opportunities to cover basic expenses, pay for education and cont…

In December 2023, 5,490 million dollars in remittances entered Mexico, which represented an increase of 2.1% compared to December 2022. With this data, the total income from remittances in the country during 2023 was 63,313 million dollars, tha…

Remittances are a hugely important international monetary flow. The World Bank estimates that they will grow by more than 3% in 2024 to reach $887 billion. To put things in perspective, this is more than the annual Gross Domestic Product of cou…

Mexico's dependence on remittances reached a maximum of 4.0% of GDP in 2022. It is estimated that remittances would represent 3.5% of GDP in 2023 and by 2024 they will reach 3.7%. The appreciation of the Mexican peso (MXN) against the US dollar (USD) has relatively reduced Mexico's dependence on these resources.

Moving Up the Economic Ladder: 20 Years of Financial Inclusion of the Mexican Migrant Community in the U.S. A joint publication between the University of California San Diego, Sin Fronteras IAP, the Financial Education department at BBVA México and BBVA Research.