CEMLA study reveals the income that Mexico receives from remittances from Mexican immigrant women

Millions of Mexican women who have emigrated to the United States and who work in that country send billions of dollars every year to their relatives in Mexico, reveals the study “Female Mexican Emigration, Remittance Income and Financial Inclusion”, carried out by a working group made up of officials from the Center for Latin American Monetary Studies (CEMLA) and BANORTE, one of the large commercial banks in Mexico.

CEMLA reported in a press release that this study released at the end of May focused on the contribution to Mexico’s income from remittances from millions of Mexican women who work in the United States.

The United States was the destination of 96.5% of accumulated female Mexican emigration and 97.5% of male emigration and the origin in 2023 of 96.2% of Mexico’s income from remittances in 2020.

The study quantified for a sample of 9.7 million electronic remittances sent to Mexico from the United States and that BANORTE operated in 2021 and 2022, How much of that volume of transfers was sent by women?.

When considering the aforementioned sample, it turned out that 32.9% of remittances were sent by Mexican immigrant women, which represented 28.6% of the total value in pesos and dollars of such transfers. The remaining 67.1% were sent by men and constituted 71.4% of the total amount sent.

Women represented the main beneficiary group of remittances sent to Mexico with 65.7% of the number of transfers and 64.6% of the resources sent. The average remittance sent and received was $593 dollars, but it was $515 dollars in those sent by women and $631 dollars in those sent by men.

In the period 2021-2023, Mexican immigrant men and women in the United States sent between 17.7% to 17.8% of their labor income to their family members in Mexico through electronic remittances.

An important result of the study is that it is estimated that in the period 2021-2023, of the $165,542 million dollars that Mexico received in electronic remittances from the United States, $47,308 million dollars were sent by Mexican immigrant women, which represented 28.6% of electronic remittances and 27.1% of Mexico’s total income from remittances.

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