Mexico Metropolis. In Might 2024, revenue from remittances from overseas stood at 5.624 billion {dollars}, which meant an annual decline of 0.9 %, the Financial institution of Mexico (BdeM) reported on Monday.
Remittances despatched by Mexican residents overseas amounted to 117 million {dollars}, representing an annual enhance of 31.9 %.
With these outcomes, in Might 2024 the excess in Mexico’s remittance account with the remainder of the world was 5,507 million {dollars}, which compares with the 5,586 million {dollars} reported in the identical month of 2023.
Based on seasonally adjusted knowledge, within the fifth month of 2024, remittance revenue and expenditure decreased at month-to-month charges of 1.6 and a couple of.2 %, respectively.
Thus, in Might 2024 the excess within the remittance account stood at US$5.102 billion, much like the US$5.185 billion noticed in April 2024.
The gathered quantity of remittance revenue within the interval January – Might 2024 amounted to 25,129 million {dollars}, increased than the 24,655 million {dollars} recorded in the identical interval of 2023 and which implied an annual enhance of 1.9 %.
Throughout the first 5 months of 2024, remittance outflows totaled $576 million, increased than the $427 million reported in the identical interval of 2023, which represented an annual enhance of 35 %.
Thus, within the interval January – Might 2024, the excess stability of the remittance account was 24,553 million {dollars}, an quantity better than the 24,228 million {dollars} noticed within the interval January – Might 2023 and which represented an annual enhance of 1.3 %.
The gathered stream of remittance revenue within the final twelve months (June 2023 – Might 2024) was 63,794 million {dollars}, which compares with the gathered stream over twelve months recorded final April of 63,846 million {dollars} (Might 2023 – April 2024).
#Remittances #fall
– 2024-07-03 15:03:00
