Mexico Remittances March 2019

Mexico

Mexico: Remittances jump in March

May 1, 2019

Remittances inflows totaled USD 2.9 billion in March, an 8.3% increase from the USD 2.7 billion inflow recorded in the same month a year ago. A resilient U.S. economy, as well as continued gains in U.S. non-farm payrolls, helped support inflows.

In the 12 months up to March, remittances totaled a record-high of USD 34.0 billion, up from the USD 33.8 billion recorded in the 12 months up to February.

On a month-on-month basis, remittances rose 21.3% (February: USD 2.4 billion).

FocusEconomics panelists expect remittances to remain upbeat this year, reaching USD 35.1 billion by end-2019. For 2020, the panel sees remittances at USD 35.7 billion by year-end.


Author:, Economist

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Mexico Remittances Chart


Mexico Remittances March 2019

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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