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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.
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.
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.
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.
Venezuelan immigrants to Peru over the last three years (more than 800,000, equivalent to 2.4% of the Peruvian population) have had non-negligible impacts on aggregate demand and potential GDP.
Central America received more than 22 billion of US dollars in remittances in 2018. These resources are very important in El Salvador, where they equate to 21.4% of GDP; in Honduras, 20.0%; in Guatemala, 12.0%; in Nicaragua, 11.3%; and in Belize, 5.0%.
It's a publication of CONAPO, BBVA Foundation and BBVA Research. It presents the most relevant data on migration, refuge and remittances worldwide and in Mexico. There is an emphasis on Latin American and the Caribbean, as well as on the flow of Central Americans traveling through Mexico and the migration actions of U.S.
August 1, 2019
Mexico | There are 1.65 million households that receive remittances, 4.7% of the total
27% of remittances-receiving households are in the two lower income deciles, and 12.7% in the two upper deciles. Households that received remittances have a consumption pattern very similar to the national average. 36.0% of the expenditure went to food, beverages and tobacco, and 18.6% in transportation and communication.