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Mexico Remittances September 2021

Mexico: Remittances growth loses steam in September but stays elevated

Remittances summed USD 4.4 billion in September, representing a 23.3% year-on-year surge. This follows August’s 32.7% year-on-year increase. On a cumulative basis up to September, remittances amounted to USD 48.0 billion, above the USD 47.1 billion recorded in August. September’s 12-month moving average signaled a 22.5% rise from a year earlier (August: +21.8% year-on-year).

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