Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
How much money is sent to Mexico from the US?
In 2017, Mexico received almost $30.1 billion in remittances from the US.
Remittance incomes traditionally help Mexican families deal better with financial emergencies, and the US accounted for 98.6% of the remittances sent to Mexico in 2017.
World Bank data for 2017 shows that Mexico earned almost $31 billion in remittance income during the year, making the country the third largest recipient of remittances next only to China and the Philippines.
Remittance data from US to Mexico
Online money transfer specialists offer relatively inexpensive ways to send money from the US to Mexico. Typically, these specialists offer rates better than banks. WorldRemit, XE Money Transfer and Pangea are just a few of the money transfer providers that allow the sending of money to Mexico. To find a suitable provider, check out our guide for sending money to Mexico.
The table below shows remittance figures from the US to Mexico from 2000-2017.
| Year | US to Mexico (in millions) |
|---|---|
| 2000 | $7,525 |
| 2001 | $10,146 |
| 2002 | $11,029 |
| 2003 | $16,654 |
| 2004 | $19,862 |
| 2005 | $22,742 |
| 2006 | $26,543 |
| 2007 | $26,880 |
| 2008 | $26,041 |
| 2009 | $22,076 |
| 2010 | $22,080 |
| 2011 | $23,446 |
| 2012 | $23,209 |
| 2013 | $23,189 |
| 2014 | $24,802 |
| 2015 | $26,233 |
| 2016 | $28,691 |
| 2017 | $30,600 |
The table below shows 2017 remittance figures from the US and other countries to Mexico:
| Country of origin | Amount sent to Mexico |
|---|---|
| United States | $30,019,000,000 |
| Canada | $156,000,000 |
| Spain | $100,000,000 |
| Guatemala | $33,000,000 |
| France | $26,000,000 |
| United Kingdom | $24,000,000 |
| Argentina | $23,000,000 |
| Germany | $22,000,000 |
| Bolivia | $17,000,000 |
| Italy | $17,000,000 |
Send money to Mexico with these providers
Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
{"niche":"USFMT"}
Bottom line
Mexico is ranked third globally among the major beneficiaries of remittances from abroad. Much of the country’s remittance income comes from the US. In 2017 alone, the US accounted for almost $31 billion of remittances to Mexico.
For a list of online money transfer specialists that allow the sending of money to Mexico, check out our comprehensive guide to international money transfers.
Source : https://www.worldbank.org/en/news/press-release/2018/04/23/record-high-remittances-to-low-and-middle-income-countries-in-2017
More guides on Finder
-
How to buy Bitcoin (BTC) in the US
Want to buy bitcoin but don’t know where to start? This comprehensive guide provides step-by-step instructions on how and where to buy BTC in the US.
-
Energy costs by state
Which states have the most expensive and cheapest energy costs?
-
How do international money orders work?
Using international money orders to send money overseas? Learn about better options.
-
Paycheck Protection Program statistics
Small businesses may have gotten the highest number of loans — but most money went to big firms.
-
What is the average credit score in America?
Finder analyzes data to determine what the average credit score is by state and if higher education converts to higher credit scores.
-
Healthcare costs by country
Finder.com analysis of data from WHO, Global Health Expenditure database and the OECD Health Statistics to determine healthcare costs by country.
-
This couple retired at 29 years old — here’s how
Today, they’re living in Mexico on just $15,000 a year.
-
US remittance statistics
We’ve unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe.
-
WorldRemit users can now transfer money to anyone with Alipay
New partnership cuts out the need to have money picked up at an agent location by connecting app to app.
-
Are Americans spenders or savers?
Finder analysis of OECD data found that the USA ranked 15th out of 34 countries for saving.
Ask an Expert