Mexico Remittances


Remittances post sixth consecutive contraction

In December, remittances from migrant workers aboard totalled USD 1.7 billion, which represents a 4.4% decline over the USD 1.8 billion recorded in the same month the year before. The reading marks the sixth consecutive year-on-year decline in remittances, albeit representing an improvement over the 5.1% decline seen in November.

Building on the subdued readings observed in recent months, in the full year 2012 remittances totalled USD 22.4 billion, which represents a 1.6% contraction over the USD 22.8 billion recorded in the previous year and is well below the USD 26.0 billion peak observed in 2007.


Sample Report

Looking for forecasts related to Remittances in Mexico? Download a sample report now.


Mexico Remittances Chart

Mexico Remittances December 2012

Note: Year-on-year variation of remittances from Mexican workers abroad and U.S. non-farm payrolls.
Source: Mexico Central Bank (Banxico) and U.S. Bureau of Labor.

Mexico Economic News

More news

Search form