Mexico | Remittances grow 11.4% in September, totaling 47 billion in nine months in 2023

Summary

In the month of September, Mexico received 5,613 million dollars in income from remittances, +11.4% in annual terms. Remittances have had a streak of 41 consecutive months with growth and have maintained a streak of five continuous months with income exceeding 5.5 billion dollars.

Key points

• Key points:
• In the month of September, Mexico received 5,613 million dollars in income from remittances, +11.4% in annual terms. Remittances have had a streak of 41 consecutive months with growth and have maintained a streak of five continuous months with income exceeding 5.5 billion dollars.
• The states with the most income from remittances in Mexico are: Guanajuato, Jalisco and Michoacan. Each of these states have received 4 billion dollars in the first nine months of 2023. By the end of 2023, it is estimated that each of these entities could accumulate an annual flow of 5.4 billion dollars.
• From January to September 2023, Chiapas (+46.7%), the State of Mexico (+25.4%) and Puebla (+17.5%) presented the greatest dynamism in the reception of remittances in the country.

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