Remittances totaled more than oil income

[Sanguine]

Mexico News Daily | Tuesday, February 2, 2016

Remittances sent home by Mexicans working outside the country surpassed petroleum revenues in 2015 for the first time.

There was a 4.75% increase in money sent from abroad, most of which comes from the U.S., to total US $24.8 billion last year, up from $23.6 billion in 2014, said the Bank of México.

The bank said it was the first time remittances had totaled more than petroleum revenues since it began tracking them in 1995.

Oil revenues last year totaled $23.4 billion.

An important factor in the increase in remittances is the jobs created by economic recovery in the U.S....

http://mexiconewsdaily.com/news/remittances-totaled-oil-income/#sthash.ZQr2Jt6S.apJQe72y.dpuf

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