Remittances Profile:
Mexico
Formal Remittances Inflows
30,000
$21,997
(Millions of US dollars)
25,000
20,000
15,000
$7,525
10,000
$3,098
5,000
-
2010e
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
Source:
Remittances data, Development Prospects Group, World Bank, 2011
Remittances Inflows as a Share of Selected Financial Flows and GDP, 2009
Remittances flows constitute an important source of foreign exchange for developing economies. Comparing remittances to other
financial inflows displays the extent to which remittances contribute to a country's inflow of foreign exchange.
Gross Domestic Product
3%
Foreign Direct Investment
157%
Official Development
Assistance (Net)
Merchandise Exports
11835%
10%
Commercial Services
Exports
142%
0%
Sources:
2000%
4000%
6000%
8000%
International Trade Statistics, World Trade Organization, 2010
World Development Indicators, World Bank, 2011
Remittances data, Development Prospects Group, World Bank, 2011
10000%
12000%
14000%
International Migration
Total immigrantsa
725,684
Total refugeesa
2,468
Total emigrantsa
11,859,200
Skilled emigration rate, tertiary educatedb
15.3%
Net migration per yearc
-361,000
a
Notes:
2010; b2000; c2005-2010
Sources: International Migrant Stock, 2009
World Population Prospects, 2010
Migration and Remittances Factbook, 2011
Selected Socioeconomic Indicators
Total populationa
Annual population growtha
Life expectancy at birtha
Infant mortality rate (per 1,000 live births)a
GDP per capita (purchasing power parity)b
GDP real growth rateb
Human Development Index Levelb
Human Development Index Rank (out of 169)b
a
Notes:
2011 estimates; b2010
Sources:
CIA World Factbook, 2011
113,724,226
1.10%
76.47
17.29
$13,800
5.0%
High
56
Human Development Report, 2010
Remittances and Migration by Continent
Remittances Inflows to Mexico
Percent of Mexican Migrants
by Continent of Origin
by Continent of Destination
1%
1%
4%
2%
1%
Africa
Asia
Europe
Latin America &
Caribbean
North America
92%
99%
Notes:
Values are not displayed if they are less than 1 percent.
Source:
Human Development Report, 2009
Remittances Costs to Mexico from
Oceania
Remittances Resources
USA
Agunias, Dovelyn Rannveig. Remittances and
Average cost of sending US$200
$13.74
Development: Trends, Impacts, and Policy Options.
Company with lowest cost
Bank of America (SafeSend) Migration Policy Institute, 2006.
Lowest cost
$3.16
Ratha, Dilip. Leveraging Remittances for Development.
Notes:
Corridor averages are unweighted and include
Migration Policy Institute, June 2007.
money transfer operators, banks and others.
Refers to the first quarter of 2011.
Ratha, Dilip, Sanket Mohapatra, and Ani Silwal.
Migration and Remittances Factbook 2011.
Washington, DC: The World Bank, 2010.
Source:
Remittances Prices, World Bank, 2011
Further readings on
For definitions, see
Copyright 2011 Migration Policy Institute
www.migrationpolicy.org/datahub
data@migrationpolicy.org
Migration and Development
our Remittances Glossary