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Mexico | Remittances start 2018 with positive growth of 7.5%

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BBVA Research estimates that remittances will grow 6.0% accumulated in 2018 reaching a figure close to 30.5 billion dollars. In real terms, remittances reveal a fall of 9.5% YoY owing to the rise in the level of prices in 2017 and exchange rate trends.


As predicted by BBVA Research, January 2018 began with a positive inflow of remittances to Mexico, reaching US$2.216 billion, which represents 7.5% growth relative to January2017

This growth has come about because the average remittance flow level and the number of transactions showed a similar dynamic, growing by 3.5% and 3.7% with respect to January of the previous year


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