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Mexico Remittances December 2018

Mexico: Remittances cool off in December

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

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