Migration latest publications
In November 2020, 3,381 million dollars entered by remittances (+ 15.6%). The U.S. economic stimulus that have also benefited Mexicans, the sending of remittances from cross-border workers and commuters, and the appreciation of the dollar against the peso, are factors that explain the increase in remittances in 2020.
Only 0.7% of remittances are sent in cash and kind, 99% are sent by electronic transfers. Most of the remittances in kind and in cash come from documented Mexicans. Undocumented migrants send almost no remittances in cash and kind, since they cannot go back and forth between Mexico and the United States.
December 1, 2020
Mexico | Despite the pandemic Remittances continue unstoppable: they grew 14.1% in October
In the first ten months of the year, 33,564 million USD have entered Mexico, 10.4% more compared to the 30,395 million USD received in the same period of 2019. Considering the ten months of the year, on average, the flow of Remittances to households in Mexico increased 20.3% in real terms.
1) the expansion of the border wall, 2) the possible tax on remittances, 3) the policy of apprehensions and the migration discourse, 4) the future of the Dreamers, and 5) the policy for asylum seekers, mainly Central Americans, and the program "Stay in Mexico."
BBVA Research, BBVA Foundation and CONAPO book in eight chapters: 1) Global Migration, 2) Migrant Population in North America, 3) Mexican Emigration, 4) Immigration Policy and Transit in North America, 5) Migrant Children, 6) Refugee Population, 7) International Students, and 8) Remittances.
Immersed in the Covid-19 pandemic, in August remittances to Latin America and the Caribbean continued to increase: Mexico (+5.3% at an annual rate), Dominican Republic (+22.5%), El Salvador (+18.7%) , Guatemala (+7.1%), and Colombia (+0.3%).
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.