Volume of remittances (in United States dollars) as a proportion of in Mexico
Mexico: Volume of remittances (in United States dollars) as a proportion of was 3.6% in 2024. ▲ Rising
Latest (2024)
3.6%
Change on year
down 1.1%
World rank
77th
of 203 countries
All-time high
4.2%
in 2022
All-time low
1.0%
in 2000
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Mexico, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Mexico stood at 3.6%.
Compared with earlier readings it is down 1.1% on the previous year and up 94.5% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Mexico peaked at 4.2% in 2022 and was at its lowest, 1.0%, in 2000.
Mexico ranks 77th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Mexico, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.0% | — |
| 2001 | 1.3% | +25.7% |
| 2002 | 1.4% | +6.7% |
| 2003 | 2.2% | +59.9% |
| 2004 | 2.4% | +11.4% |
| 2005 | 2.5% | +2.3% |
| 2006 | 2.6% | +5.0% |
| 2007 | 2.5% | -4.0% |
| 2008 | 2.3% | -6.6% |
| 2009 | 2.4% | +4.1% |
| 2010 | 2.1% | -15.1% |
| 2011 | 2.0% | -4.4% |
| 2012 | 1.9% | -2.6% |
| 2013 | 1.8% | -5.8% |
| 2014 | 1.9% | +3.7% |
| 2015 | 2.2% | +18.0% |
| 2016 | 2.6% | +19.3% |
| 2017 | 2.8% | +4.9% |
| 2018 | 2.9% | +5.2% |
| 2019 | 3.1% | +5.1% |
| 2020 | 3.9% | +28.4% |
| 2021 | 4.2% | +6.6% |
| 2022 | 4.2% | +0.2% |
| 2023 | 3.7% | -12.1% |
| 2024 | 3.6% | -1.1% |
Mexico compared with similar countries
- Mexico's 3.6% is above the median for upper middle income countries, which is 3.6%, 1.0× the median. (53 countries reporting)
- Mexico's 3.6% is above the median for Latin America & Caribbean, which is 2.8%, 1.3× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1% | 1.0% | 2.6% | 10 |
| 2010s | 2.3% | 1.8% | 3.1% | 10 |
| 2020s | 3.9% | 3.6% | 4.2% | 5 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 11.29 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 85.55 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 43.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0235 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 326.53 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.41 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Mexico?
- Volume of remittances (in united states dollars) as a proportion of in Mexico was 3.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Mexico?
- The highest recorded value was 4.2% in 2022.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Mexico?
- The lowest recorded value was 1.0% in 2000.
- How does Mexico rank for volume of remittances (in united states dollars) as a proportion of?
- Mexico ranks 77th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Mexico?
- Over the last ten years it is up 94.5%. The long-run trend across the full record is rising.
- Where does this Mexico data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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