Remittances sent home by Mexican migrants (almost all of them residing in the USA) rose to $2.26 billion in March 2015, 7.6% higher than the same month a year earlier. This was the highest monthly figure since May 2012, and the highest ever figure for March.
The average remittance sent to Mexico in March 2015 was $311.30, the highest figure since July 2012, and the number of transfers was 7.25 million.
The March figure brought the total remittances for the first quarter of this year to $5.7 billion, 4.9% higher than the same period in 2014.
Workers in California sent remittances worth $1.59 billion home during the first three months of this year, more than the workers in any other state. Texas came in second place with $763.9 million and Illinois placed third at $199.3 million.
The three main receiving states in Mexico were:
- Michoacán – $603 million
- Jalisco – $539 million
- Guanajuato – $509 million
For an introduction to the topic of remittances, with links to some of the key posts on this blog, see
- Mexican migrants and remittances: an introduction
- How important are remittances to Mexico’s economy?
- Have Mexicans given up on the dream of moving to the USA? (Jul 2012)
A comprehensive index page listing all the posts oon Geo-Mexico related to migration and remittances can be found at Migration and remittances: an index page.