Mar 092012

Remittances sent home by Mexican migrants, almost all of them residing in the USA, rose 6.9% in 2011 (compared to 2010) to 22.730 billion dollars. Remittances are the second largest source of foreign exchange in Mexico after crude oil exports.

The average amount sent was 326.26 dollars, with 98% of remittances made via electronic transfer. The states receiving most remittances were Michoacán (2.238 billion dollars, 10% of the total), Guanajuato (2.147 billion), Jalisco (1.889 billion), the State of Mexico (1.653 billion) and Puebla (1.465 billion).

For more detail about remittances in Mexico, see:


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