Mexico city at goldenhour

Mexico Remittances January 2020

Mexico: Remittances pick up at 2020 outset

Remittances totaled USD 2.6 billion in the first month of the year (December 2019: USD 3.1 billion), representing a 5.2% increase from the same month in 2019 and following the 3.0% rise logged in December 2019. January’s quickening came despite a mild slowdown in U.S. non-farm payrolls growth. Meanwhile, the average amount remitted fell to USD 321 from USD 326 a month prior.

In the 12 months up to January, remittances totaled a record-high USD 36.2 billion, above the USD 36.0 billion recorded in the 12 months up to December. January’s 12-month rolling total marked a 6.8% increase from a year earlier (December 2019: +7.0% year-on-year).

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