Key Findings:
- Average Household Beneficiaries: Each remittance-receiving household in Mexico has at least two adult beneficiaries, according to the Center for Economic Studies of Latin America and the Caribbean (Cemla).
- Total Adult Recipients: There are approximately 9.8 million adult remittance recipients in Mexico.
- Household Count: Around 4.4 million households receive remittances, meaning 11.1% of total Mexican families rely on these funds as a source of income.
Regional Distribution:
- Central Region with Highest Participation: The Central South and East region leads with 69.5% of total adult recipients, encompassing states like the State of Mexico, Hidalgo, Morelos, Puebla, Tlaxcala, and Veracruz.
- Gender Distribution: In this region, two out of three beneficiaries are women.
Remittance Amounts by Region:
- Northern West: $336 Monthly Average
- Western and Bajío: $613 Monthly Average
- Ciudad de México (CDMX): $1,434 Monthly Average (Note: This figure is skewed upwards due to remittances sent by recipients from neighboring states, particularly the State of Mexico.)
Highest Concentration of Beneficiaries:
- Western and Bajío Region: 30% of total remittance recipients are found in this area, including states like Aguascalientes, Guanajuato, Jalisco, Michoacán, Nayarit, Querétaro, Colima, and Zacatecas.
About Cemla:
Cemla is the Association of Central Banks of Latin America and the Caribbean, dedicated to improving remittance information as a crucial tool for monetary institution knowledge.
