Mexico city at goldenhour

Mexico Remittances June 2018

Mexico: Remittance inflows accelerate in June

Remittances totaled USD 3.1 billion in June (May: USD 3.2 billion), a robust 23.1% increase from the same month last year, accelerating from the revised 17.1% rise registered in May (previously reported: +19.8% year-on-year). June’s print was driven by rapid growth in the number of electronic transfers. The average amount remitted rose from USD 313 a year prior to USD 343.

Inflows have accelerated in line with non-farm U.S. employment gains in recent months, and should see further support in the months ahead from the tight U.S. job market. Along with June’s strong reading, remittances registered an all-time high of USD 32.0 billion in the 12 months up to June, up from the USD 31.4 billion sum recorded in the twelve months up to May. June’s 12-month rolling figure increased 12.6% annually (May: +11.5% yoy).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest