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February 4, 2025
Mexico received 64,745 million dollars (md) in remittances in 2024, +2.3% compared to 2023 when 63,319 md were received. Remittances reach a new historical maximum in 2024 and accumulate a streak of 11 consecutive years of growth, which began in 2014.
January 24, 2025
Remittances sent by Latin Americans from abroad are becoming more significant, accounting for 2.3% of the GDP of Latin America and the Caribbean. In 2024, these flows reached $160.9 billion, increasing $7.7 billion compared to 2023. Remittances affect the well-being of their recipients and reflect migration dynamics.
January 22, 2025
On the first day of the Trump 2.0 administration, at least 7 executive orders or proclamations were issued regarding immigration issues, highlighting the importance of this issue for his government.
January 2, 2025
President-elect Trump has threatened mass deportations and greater border securitization, which could affect remittances to Mexico and LAC. However, it is a very unlikely scenario because it would affect the U.S. economy that depends on migrant labor force and increase inflation in that country.
December 3, 2024
Book product of a collaboration between the National Population Council (CONAPO), BBVA Foundation and BBVA Research. This twelfth edition presents in ten chapters the main data and indicators on migration, human mobility and remittances on a regional and global scale, with emphasis on Mexico.
December 2, 2024
The information is as of the close of October 31, 2024, before the presidential elections in the United States were held and President Trump's victory was announced. Therefore, there is no possible "Trump" effect in this data.
November 1, 2024
Remittances show high volatility in the first 9 months of 2024: 5 months with growth and 4 months with falls. Possibly, the tense electoral environment in the US has an impact on the flow of new migrants and the migrant population residing in that country.
October 2, 2024
Large fluctuations in the USD/MXN exchange rate impact Mexican migrants' decisions on the amount to remit. In August, the peso depreciated 5.4%, which boosted a 9.3% growth in remittances to Mexico in dollars and an increase converted into pesos of 17.0% in real terms.
September 6, 2024
In 2024, remittances in dollars grew by 17.7%, accumulating 6,634 million between January and July. However, this growth was lower in Colombian pesos due to a lower exchange rate. The depreciation of the exchange rate in the second half of the year is expected to further boost their value in pesos.
September 2, 2024
Remittances have been volatile over the past five months. Increases have been reported in two of them (April and June, even months) and declines in three months (March, May and July, odd months). In August, the peso depreciated 5.4%, so the next remittance report is expected to show growth.
August 29, 2024
It is estimated that 12.3 million Mexican migrants reside in the world. 97.0%, more than 12 million, reside in the United States. This makes Mexico the second most important country of origin. 1 in 23 migrants worldwide are of Mexican origin.
August 1, 2024
The depreciation of the Mexican peso (MXN) against the dollar (USD) of 7.6% in June may partly explain this observed increase in remittances. Mexicans abroad take advantage of this temporary rise to send more dollars, which translates into more pesos for their relatives.
