Macro Analysis /
GlobalMexico: Family remittances – Above US$ 4 billion for a second month in April
Remittances in April stood at US$4,047.6 million, up 39.1% y/y and with a year-to-date advance of 19.1%
In our view, results remain very positive. The average amount sent grew 13.6% y/y to US$375, helped by US stimulus
We expect inflows to grow around 10% in 2021, reaching close to US$45 billion, with risks still skewed to the upside
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
1 June 2021
Published byBanorte
