Mexico | 11 Consecutive Years of Remittance Growth End, Falling 4.6% in 2025

Summary

After 11 consecutive years of expansion in remittances, a period in which these funds nearly tripled, the end of this growth streak is confirmed for 2025. Last year, Mexico received 61,791 million USD in family remittances, a figure that represents a 4.6% year-on-year decrease.

Key points

• Key points:
• In December, remittances to Mexico totaled 5,322 million, a 1.9% year-on-year increase. This figure offers some relief for the flow of dollar remittances to the country, as it breaks an 8-month streak of declines in this flow.
• Despite the nationwide decline, remittances to 9 states grew in 2025: Baja California (+22.2%), Campeche (+3.5%), Guerrero (+3.4%), Oaxaca (+2.2%), Morelos (+1.9%), Yucatán (+1.8%), Puebla (+1.8%), Zacatecas (+1.1%), and Veracruz (+0.5%).
• Excluding Mexico, remittances to Latin America and the Caribbean are estimated to have grown by an average of more than 16% in 2025. Remittances to Honduras increased by 25.3%, to Guatemala by 18.7%, to El Salvador by 17.8%, to Colombia by 10.6%, and to the Dominican Republic by 10.3%.
• The U.S.-Mexico border remains virtually sealed to undocumented migrants. The Border Patrol made only 6,500 apprehensions in December 2025. In fiscal year 2025, ICE removed 320,000 migrants, the highest number in the last 12 years.
• Remittances to Mexico will face three major risks in 2026: a possible economic slowdown in the U.S., the Trump administration's aggressive immigration policy, and the appreciation of the Mexican peso.

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