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.
United States and Mexican passports on American flag background, dual citizenship and international travel concept

Born in the USA to a Mexican parent? There’s help for clarifying your dual nationality

MND Staff - 1
Baja California's relatively large foreign-born population and daily cross-border traffic can create headaches for Mexicans born on the U.S. side but without official documents verifying their dual nationality. The "Soy México" program provides help.
Molly

Mexico’s National Search Commission for Missing Persons has a new canine comrade

MND Staff - 0
"Molly" extends a Mexican tradition of dogs helping not ony with police work, as is common, but for search and rescue, as exemplified by Frida, who gained fame for her assistance in rescue work after the 2017 earthquake in Mexico City.
Trans activists responded immediately to the Attorney General's classification of the charge against Arturo "N" as a homicide on Sept. 1

Suspect arrested in the murder of Paola Buenrostro, a landmark case that made transfemicide a crime

MND Staff - 0
The case of Paola Buenrostro in 2016 is emblematic for members of the trans community in Mexico, as it was the first to be recognized as a transfemicide by the Mexico City Human Rights Commission.
BETA Version - Powered by Perplexity

VIDEO OF THE WEEK