Puerto Vallarta News

Puerto Vallarta 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

Tren Interoceánico

Interoceanic Train crash rattles investors in Mexico

After a deadly derailment, the Interoceanic Train crash is cooling corporate interest and raising questions...
Mexico housing prices

Mexico housing prices rise as World Cup pressure builds

Home prices jumped up to 10% in a year, and World Cup projects plus tourism...
San Miguel rural investment

San Miguel rural investment shifts to communities in 2026

Mayor Mauricio Trejo says San Miguel will steer up to 400M pesos and about 70%...
playa del carmen sargassum

Out-of-season sargassum patch dumped 25 tons in Playa del Carmen

An out-of-season sargassum patch dumped about 25 tons in Playa del Carmen, prompting a ZOFEMAT...