Remittance inflows to GDP in Mexico
Mexico: Remittance inflows to GDP was 3.9% in 2020. ◆ Volatile
Remittance inflows to GDP in Mexico, 1979–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Mexico stood at 3.9%. That is the highest value across all 42 years on record.
The figure is up 28.3% on the previous year and up 89.0% over ten years.
Over the whole period, remittance inflows to gdp in Mexico peaked at 3.9% in 2020 and was at its lowest, 0.1%, in 1979.
Mexico ranks 72nd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Mexico, year by year
| Year | % | Change |
|---|---|---|
| 1979 | 0.1% | — |
| 1980 | 0.5% | +285.0% |
| 1981 | 0.5% | -8.7% |
| 1982 | 0.7% | +43.7% |
| 1983 | 0.9% | +34.1% |
| 1984 | 0.8% | -4.9% |
| 1985 | 0.8% | -2.3% |
| 1986 | 1.3% | +59.0% |
| 1987 | 1.3% | +2.2% |
| 1988 | 1.3% | -0.2% |
| 1989 | 1.3% | -6.1% |
| 1990 | 1.2% | -6.0% |
| 1991 | 1.0% | -18.4% |
| 1992 | 1.0% | +5.3% |
| 1993 | 0.8% | -22.0% |
| 1994 | 0.8% | -1.7% |
| 1995 | 1.2% | +55.3% |
| 1996 | 1.2% | -0.7% |
| 1997 | 1.1% | -8.0% |
| 1998 | 1.2% | +11.4% |
| 1999 | 1.1% | -10.3% |
| 2000 | 1.1% | -4.0% |
| 2001 | 1.3% | +26.1% |
| 2002 | 1.4% | +6.5% |
| 2003 | 2.3% | +59.8% |
| 2004 | 2.5% | +11.2% |
| 2005 | 2.6% | +2.1% |
| 2006 | 2.7% | +5.0% |
| 2007 | 2.6% | -6.2% |
| 2008 | 2.3% | -8.1% |
| 2009 | 2.5% | +4.5% |
| 2010 | 2.1% | -14.9% |
| 2011 | 2.0% | -4.9% |
| 2012 | 1.9% | -2.7% |
| 2013 | 1.8% | -5.8% |
| 2014 | 1.9% | +3.6% |
| 2015 | 2.2% | +18.7% |
| 2016 | 2.7% | +18.8% |
| 2017 | 2.8% | +4.7% |
| 2018 | 2.9% | +5.1% |
| 2019 | 3.1% | +5.1% |
| 2020 | 3.9% | +28.3% |
Mexico compared with similar countries
- Mexico's 3.9% is below the median for upper middle income countries, which is 4.0%, 98% of the median. (58 countries reporting)
- Mexico's 3.9% is above the median for Latin America & Caribbean, which is 3.3%, 1.2× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Mexico changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +285.0% | 0.1% | 0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.1% | 0.1% | 1 |
| 1980s | 0.9% | 0.5% | 1.3% | 10 |
| 1990s | 1.1% | 0.8% | 1.2% | 10 |
| 2000s | 2.1% | 1.1% | 2.7% | 10 |
| 2010s | 2.3% | 1.8% | 3.1% | 10 |
| 2020s | 3.9% | 3.9% | 3.9% | 1 |
Countries ranked near Mexico
- 69 Sint Maarten (Dutch part) 4.3% compare
- 70 Mongolia 4.1% compare
- 71 Nigeria 4.0% compare
- 73 Afghanistan 3.9% compare
- 74 Niger 3.8% compare
- 75 Madagascar 3.7% compare
More financial sector data for Mexico
- Reserve position in the IMF, US dollar, annual growth rate 14.41 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 24.82 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.95 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 18.13 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 14.41 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 24.82 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.95 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Mexico?
- Remittance inflows to gdp in Mexico was 3.9% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Mexico?
- The highest recorded value was 3.9% in 2020.
- What is the lowest remittance inflows to gdp recorded in Mexico?
- The lowest recorded value was 0.1% in 1979.
- How does Mexico rank for remittance inflows to gdp?
- Mexico ranks 72nd out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Mexico?
- Over the last ten years it is up 89.0%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.