HomeNews
News

Remittances dropped 4.6% in 2025, the biggest annual decline in 16 years

MND Staff
By MND Staff
0
Financial crisis, crumpled one dollar banknote, US dollars on the white table. Bank image and commercial photo background.
The fall to US $61.8 billion in remittances received marked the biggest drop since 2009, but it still accounted for 3.4% of Mexico’s GDP in 2025. (Shutterstock)

Remittances to Mexico from abroad declined by 4.6% in 2025, to a total of US $61.8 billion, marking the biggest fall since 2009, the Bank of Mexico (Banxico) reported on Tuesday. 

Remittances contributed 3.4% of Mexico’s GDP in 2025, according to an analysis by Banco BASE’s director of economic analysis, Gabriela Siller. 

Indigenous waiting in line
Mexicans living in remote pueblos often have to wait in line to receive their remittances from relatives abroad, which for many, is most of what they have to live on. (Claroscuro)

Electronic transfer was the method of preference for senders, accounting for 99.1%, or $61.2 billion, of remittances sent. 

Of the total remittance income sent to Mexico electronically, 49.6% was collected in cash, totaling $30.3 billion. Remittances sent as bank deposits accounted for 50.4% of the total, or $30.9 billion.

Most remittances sent to Mexico come from Mexicans who live and work in the United States. 

The Trump administration’s aggressive deportation agenda has created fear among the Mexican migrant community, causing many to limit their movements outside their homes. 

In addition, the worsening United States labor market and a stronger peso against the dollar were cited as factors driving the decrease. 

A growth in remittances was observed during just three months last year: January, March and December.

In December, remittances totaled $5.3 billion, which was 1.9% higher than in the same month in 2024. The average remittance sent in December was $408 per transfer, which is slightly higher than the $375 average recorded in December 2024.

The three states that received the highest quantity of money from remittances were Guanajuato, Michoacán and Jalisco, accounting for 8.9%, 8.7% and 8.3% of total transfers, respectively.

With reports from Expansión

Have something to say? Paid Subscribers get all access to make & read comments.
se turtles in Oaxaca

Mass nesting event brings more than 100,000 olive ridley sea turtles to Oaxaca’s Playa Escobilla

MND Staff - 0
As high as that figure sounds, only about 30%-40% of the eggs are likely to hatch, and then it's thought that perhaps one in a thousand of the resulting hatchlings reach adulthood.
Sheinbaum and Domínguez

Sheinbaum pledges continued military support as Sinaloa’s cartel turf war shifts to Mazatlán

MND Staff - 0
The president pointed out that the wave of violence in Sinaloa for the past two years was precipitated by the U.S. “extraction” of drug kingpin Ismael Zambada that led to an internecine war among Sinaloa Cartel factions.
Coastal pier with view of Puerto Peñasco/Rocky Point in Sonora

After a shootout, authorities rescue 3 kidnapping victims and arrest 7 suspects in Puerto Peñasco

MND Staff - 0
Popularly known as Rocky Point, the seaside resort was the scene of a firefight resulting in three wounded officers, but eventually the release of the victims, the arrest of the suspects and the confiscation of drugs and weapons.
BETA Version - Powered by Perplexity

VIDEO OF THE WEEK