Mexico | Remittances accumulate 10 years of increase and break record: 63.3bn in 2023

Summary

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, that is, + 7.6% compared to the amount received of 58,868 million dollars in 2022.

Key points

• Key points:
• Remittances to Mexico grew 7.6% in 2023, reaching 63,313 million dollars (md) and achieving a streak of 10 consecutive years of growth, which began in 2014.
• By mean of transfer, 99.0% of the remittances that arrived in Mexico in 2023 were by electronic transfers, 0.8% by cash or in kind and 0.2% through Money Orders.

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