Mexico Remittances December 2018

Mexico

Mexico: Remittances cool off in December

February 1, 2019

Remittances totaled USD 2.9 billion in December (November: USD 2.9 billion), a 6.0% increase from the same month a year earlier (November: +20.2% year-on-year). The average amount remitted rose to USD 317 from USD 312 a year prior.

Taking a full-year view, inflows rose broadly in line with non-farm U.S. employment gains. Moreover, remittances registered an all-time high of USD 33.5 billion in 2018, up from USD 33.3 billion in the 12 months up to November. December’s 12-month rolling figure increased 10.5% from a year earlier (November: +11.5% year-on-year).

Mexico Remittances Forecast


FocusEconomics panelists expect remittances to remain upbeat this year, reaching USD 32.6 billion by the end of 2019. For 2020, the panel sees remittances at USD 33.1 billion by year-end.


Author:, Economist

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Mexico Remittances Chart


Mexico Remittances December 2018 0

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


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