Mexico | Remittances increased by 1.7% over October, with an inflow of USD2,075.9mn
Published on Tuesday, December 1, 2015 | Updated on Thursday, December 3, 2015
Mexico | Remittances increased by 1.7% over October, with an inflow of USD2,075.9mn
Summary
Strength of the US economy, the positive employment trend among Mexican immigrants and the dollar’s surging appreciation have all underpinned this rise in remittances. The “second” estimate by the Bureau of Economic Analysis indicates that US GDP grew by 2.1% in 3Q15, which could have positive implications for developments as regards remittances over the rest of the year
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Migration
Tags
- Tags
- Remittances
- Migration
Authors
Juan José Li Ng
BBVA Research - Senior Economist
Alfredo Salgado
Documents and files
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