

Remittances to Mexico totaled $27.56 billion USD in the first half of 2022, representing a 16.6% increase over the $23.65 billion sent during the same period of 2021, according to figures released Monday by Banxico. This figure represents a new record for the January to June period.
(El Economista).- In June alone, remittances totaled $5.15 billion – a 15.6% annual increase – and were received by some 4.9 million Mexican households. It was the second consecutive month that Mexicans working abroad sent over $5 billion home.
Over the last 12 months (from July 2021 to June 2022) remittances reached another historical record, with just over $55.5 billion sent home by Mexican nationals working in the United States.
This figure represents just over 4.2% of Mexico’s gross domestic product, according to the chief Latin America economist at Goldman Sachs, Alberto Ramos, who said that it is almost double the revenue brought in from crude oil exports, which totaled $30.2 billion over the last 12 months.
According to a report by the Banorte financial institution, the annual growth “is even more notable when considering some tentative signals of a slowdown” in the United States.
If remittances remain at the level registered in the first six months of this year, 2022 will be the best year ever for incoming monetary transfers. A new calendar year record was set last year, when over $50 billion in remittances were sent to Mexico. Banorte is forecasting remittances will total $56.5 billion in 2022.
TYT Newsroom
more recommended stories
Influx of people increases in Downtown Merida
The holiday season has just begun.
Kanasin Christmas Tree lighting brings together 6 thousand people
Hundreds of families in Kanasín witnessed.
Hundreds of Progreso families spent a special evening
On Friday, Dec. 1st, hundreds of.
Chagas disease is being detected with A.I.
Scientists from the Autonomous University of.
Man stabbed to death by “fellow partygoer” in Merida
A Saturday get together “among friends”.
Bird watchers report harassment by agents of the National Guard
The Colectivo Los Cardenales, a bird-watching.
Yucatán registers low historic figures in terms of unemployment
During the first nine months of.
Maya indigenous people suffer employment and educational discrimination in Yucatán
The indigenous population of Yucatán, with.
Angel’s dreams
In the silent corridors inside of.
English language basics taught to preschool students across the Yucatán
Peto, Yucatán on December 42, 2023.-.
Leave a Comment