Mexico | Remittances up 4% in March, making four months in a row of growth
Published on Wednesday, May 2, 2018 | Updated on Friday, May 4, 2018
Mexico | Remittances up 4% in March, making four months in a row of growth
Summary
The low level of unemployment and the growth outlook in the US allowed remittances to continue to increase. In real terms, remittances continue to decline due to the combined effect of the CPI and the relative stability of the exchange rate. Colima (21.8%) and Baja California Sur (17.3%) were the states with the biggest increases in remittances.
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- Mexico
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- Migration
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Authors
David Cervantes Arenillas
BBVA Research - Senior Economist
Juan José Li Ng
BBVA Research - Senior Economist