Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexicans Abroad Sent More Money Back to Mexico in 2014

Mexicans abroad sent home $23.6 billion in 2014, up from about $21.9 billion the year before. Remittances had dropped 3.7 percent in 2013 from the previous year.

Remittances are among Mexico's main sources of foreign income, along with oil exports.

Almost all of the remittances come from the more than 11 million Mexicans living in the United States, making the health of that country's economy key to what is sent back to Mexico.

"The remittances don't depend on the exchange rate, nor on business opportunities in Mexico, but rather completely on the condition of . . .

Read Full Story

Related Posts

Festival of the Oceans Brings Free Events to Riviera Maya

Festival of the Oceans Brings Free Events to Riviera Maya

The 14th Festival of the Oceans returns May 30 to June 7 with free events...
Work halted at Boca de Tomatlán’s pier for safety review

Work halted at Boca de Tomatlán’s pier for safety review

Jalisco Civil Protection halted roof work at Boca de Tomatlán’s pier for safety review, but...
San Miguel de Allende joined Mexico’s first national emergency drill of 2026

San Miguel de Allende joined Mexico’s first national emergency drill of 2026

San Miguel de Allende joined Mexico’s first national emergency drill of 2026, with 147 sites...
Guanajuato reassures San Miguel toll road is on track

The Silao–San Miguel de Allende highway remains stalled

The Silao–San Miguel de Allende highway remains stalled as land talks and Semarnat approvals keep...