Mexico | Estimates of the flow of remittances by state for 2021

Summary

In the month of January, 3,298 million dollars arrived in remittances to Mexico (+25.8%). Remittances to Mexico could grow 7.0% and reach US $ 43.450 million in 2021. Quintana Roo, Campeche, Baja California Sur, Baja California and Tabasco could have growth in remittances of more than 16% in 2021.

Key points

• Key points:
• In the month of January, 3,298 million dollars arrived in remittances to Mexico, which represented an increase of 25.8% at the annual rate.
• The dispersion in that month of the second round of direct stimulus of up to US $ 600 per household member in the U.S. could contribute to this important growth in remittances to Mexico.
• Remittances to Mexico could grow 7.0% and reach US $ 43.450 million in 2021. The reduction in the unemployment rate, the accelerated vaccination of the population and the economic stimulus package for US $ 1.9 million in the U.S. would boost the growth of remittances to Mexico.
• Estimates for 2021 of the flow of remittances are presented by state. Quintana Roo, Campeche, Baja California Sur, Baja California and Tabasco could have growth in remittances of more than 16% in 2021.
• In 2021, it is estimated that the largest remittance flows would reach Jalisco (4,550 million US dollars, md), Michoacán (4,310 md) and Guanajuato (3,515 md).

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