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Remittances from Mexican migrants in the United States during the time of COVID-19

Author

Listed:
  • Rodolfo Garcia Zamora

    (Development Studies, Autonomous University of Zacatecas, Zacatecas, Mexico)

Abstract

Following the Great Recession of 2007-2009 in the United States, Mexican migrants’ remittances began to grow steadily in 2014 until they reached a historical level of US$36 billion in 2019. This figure was at US$4 billion in March 2020 when Mexico had been suffering the effects of COVID-19 for one month. In April, remittances from Mexican migrants in the United States dropped 28%, as their unemployment rate reached 17%. Recuperating remittance levels will depend on economic recovery policies in the United States, and on reducing unemployment for Mexican migrants in the sectors where they have the biggest presence.

Suggested Citation

  • Rodolfo Garcia Zamora, 2020. "Remittances from Mexican migrants in the United States during the time of COVID-19," Remittances Review, Remittances Review, vol. 5(2), pages 143-153, October.
  • Handle: RePEc:mig:remrev:v:5:y:2020:i:2:p:143-153
    DOI: https://doi.org/10.33182/rr.v5i2.1074
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