Mexico | Remittances add 42-month streak with growth, increased 13.3% in September

Remittances accumulate an annual growth of 9.2% in the first 9 months of 2019, with an amount of 26,980 million USD. In September, unemployment rate in the US was 3.5%, the lowest rate observed in the last 50 years, since 1969. This condition drives the sending of remittances to Mexico.

Key points

• Key points:
• In September, remittances to Mexico accounted for 3,081 million USD, and the volume of operations grew 9.5% and the average remittance was 328 dollars.
• Remittances accumulate an annual growth of 9.2% in the first 9 months of 2019, with an amount of 26,980 million USD.
• In September, unemployment rate in the US was 3.5%, the lowest rate observed in the last 50 years, since 1969. This condition drives the sending of remittances to Mexico.
• Michoacán (2,645 md), Jalisco (2,610 md) and Guanajuato (2,443 md) continue to be the states with the most remittances in the first 9 months of 2019. Tabasco (+33.0%), Chiapas (+28.2%) and Mexico City (+23.9%) are those that had the most growth in this period.

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