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Mexico: Remittances cool off in December

Staff Writer | February 4, 2019
Remittances totaled USD 2.9 billion in December (November: USD 2.9 billion), a 6.0% increase from the same month a year earlier (November: +20.2% year-on-year).
Mexican workers
LatAm   The average amount remitted rose to USD 317 from USD 312
The average amount remitted rose to USD 317 from USD 312 a year prior. Taking a full-year view, inflows rose broadly in line with non-farm U.S. employment gains.

Moreover, remittances registered an all-time high of USD 33.5 billion in 2018, up from USD 33.3 billion in the 12 months up to November.

December’s 12-month rolling figure increased 10.5% from a year earlier (November: +11.5% year-on-year).

FocusEconomics panelists expect remittances to remain upbeat this year, reaching USD 32.6 billion by the end of 2019.

For 2020, the panel sees remittances at USD 33.1 billion by year-end.


 

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