(CA11) - Workers´ remittances

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<b>*** Perception Survey on Mexico's External Sector Statistics***</b> As part of Banco de México's permanent commitment to favor the best international practices regarding the compilation of Mexico's External Sector Statistics and with the aim of gathering the opinion of the user public, we inform that from August 23 to October 25, 2024 this Central Institute, through the Directorate General of Economic Research, will carry out an annual survey on the perception of Mexico's External Sector Statistics. Thus, we request your valuable collaboration in answering the survey. It is important to mention that responses are received anonymously and that the information obtained will be handled in a strictly confidential manner. The survey can be consulted and answered at the following web link: <a target="_blank" href=https://www.banxico.org.mx/SICEInternet/secure/capturarEncuesta.html?codigo=aCOUDytMTFoJzV0p5Jep3G1V2Sfpzo>Perception Survey on Mexico's External Sector Statistics</a>

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Workers´ Remittances

Item Annual Jan-Aug Percentage Percentage
2023 2023 2024 Change Change
(A) (B) 2023 (B/A)
Workers´ Remittances 1/ 63,318.67 41,474.21 43,027.39 7.56 3.74
   Electronic Transfers 62,648.58 41,026.73 42,611.68 7.60 3.86
   Money Orders 137.96 95.65 83.36 -21.34 -12.85
   Personal Checks 0.00 0.00 0.00 N/E N/E
   Cash & Kind 532.13 351.82 332.36 13.84 -5.53
           
Number of Remittances 2/ 161.04 105.65 108.57 6.57 2.76
   Electronic Transfers 159.72 104.78 107.75 6.65 2.84
   Money Orders 0.14 0.10 0.08 -20.94 -13.82
   Personal Checks 0.00 0.00 0.00 N/E N/E
   Cash & Kind 1.19 0.78 0.73 -0.02 -5.63
           
Average Remittance 3/ 393 393 396 0.93 0.96
   Electronic Transfers 392 392 395 0.89 1.00
   Money Orders 997 1,001 1,012 -0.50 1.13
   Personal Checks 0 0 0 N/E N/E
   Cash & Kind 448 452 452 13.85 0.10

1/ Items that refer to workers´ remittances are shown in millions of US dollars.
2/ Items that refer to the number of remittances are shown in millions of transactions.
3/ Items that refer to the average remittance are shown in US dollars.
Note:
The workers' remittances figures are preliminary and subject to later revision.