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May 4, 2020
Immersed in the global crisis by Covid-19, remittances to Mexico reached a record of 4,016 million dollars in March. This is equivalent to a 35.8% growth, an increase not seen for 16 years. The sudden increase is partly explained by the strong appreciation of the US dollar against the peso, which increased by 25%.
April 1, 2020
Due to the uncertainty regarding its duration, it is difficult to estimate the impacts of the Covid-19 crisis on the flow of remittances to Mexico. This article makes an estimate based on the effects of the past global financial recession of 2008/2009 on remittance flows. Three scenarios are presented.
February 4, 2020
For the fourth consecutive year, remittances exceeded their historical maximum. 94.6% of remittances come from the US. Michoacán (3,584 md), Jalisco (3,499 md) and Guanajuato (3,286 md) were the main recipients of remittances in 2019. Remittances could grow 6.0% and reach 38.2 billion dollars in 2020.
December 18, 2019
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.
December 3, 2019
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.
November 25, 2019
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.
November 1, 2019
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.
October 7, 2019
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%.
September 23, 2019
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
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.
May 2, 2019
The Government of Mexico presents the National Development Plan 2019-2024, with migration being one of its 12 guiding principles. The Plan seeks to prevent people from migrating due to lack of opportunities or insecurity. In March, 2,897md in remittances (+8.3%) entered Mexico, and in 2019Q1 they accumulated 7,699md (+7.1%)
March 1, 2019
The government presented a ten-point summary of its Migrant Protection Strategy for 2019–2024, which details: 1) a new vision focused on migrants' rights and 2) the expansion of the mobile consulate system to reach the most remote populations.
