Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
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)|
The table below shows 2017 remittance figures from the US and other countries to Mexico:
|Country of origin||Amount sent to Mexico|
Send money to Mexico with these providers
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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
Finder Cryptocurrency Adoption Index
Finder’s Cryptocurrency Adoption Index measures the growth of cryptocurrencies across the world through a regular survey.
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.
Your Complete Guide to Cryptocurrency Statistics
The one, two, threes that anyone looking into cryptocurrency needs to know before you start buying.
42 Black-owned banks by state
Now is the time to support Black-owned institutions so they can continue fighting systemic racism and working to close the wealth gap that exists in America.
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.
Ask an Expert