The Quality You Expect - The Service You Deserve
September 7th, 2010 
Lynda MacMahon N.A.R.
MANAGER

INTERNATIONAL REALTY
RECORD REMITTANCES
About 27 million Mexicans (10 million of them born in Mexico) are thought to work in the U.S. The remittances they sent home totaled 20.035 billion dollars in 2005, 20.5% more than 2004, and a new record, according to figures from Banxico, the central bank.

By way of comparison, the net balance of petroleum- related trade during 2005 was up 25% to 22.332 billion dollars (based on subtracting petro-related imports worth 9.329 billion dollars from exports which reached 31.661 billion dollars).

Analysts are noting that the geographical pattern of remittances is beginning to change, with a higher proportion of funds being sent to urban areas such as Mexico City, and a declining proportion entering rural states such as Michoacán and Zacatecas. The change reflects the fact that more regions are now exporting workers than previously, and that those going abroad include a higher percentage of females and are better educated.
 
admin listings buying selling privacy policy contact site map