Mexico | 1.1 million lifted out of poverty thanks to remittances

Summary

Remittances to Mexico fell 2.7% in September, marking their sixth consecutive month of decline. A total of 13.2 million remittance transactions were reported (-4.7% year-on-year), while the average remittance was 396 dollar (+2.1%).

Key points

• Key points:
• During the first nine months of 2025, remittances to Mexico totaled 45,681 million, 5.5% less than the 48,360 million received during the same period in 2024.
• Despite this decrease, remittances increased in several states in the central-southern region during the first nine months of the year, notably Chiapas (+1.2%), Oaxaca (+2.0%), Puebla (+1.9%), Guerrero (+4.2%), Veracruz (+0.9%), and Morelos (+1.3%).
• 1.1 million people in Mexico have been lifted out of multidimensional poverty thanks to remittance transfers. If remittance income is not included in the 2024 measurement, the population living in poverty in Mexico would increase from 38.5 million to 39.6 million people.
• In 2024, the states where remittances are estimated to have contributed most to reducing the population in poverty are Guanajuato (170,000), Veracruz (96,000), Michoacán (95,000), Oaxaca (77,000), San Luis Potosí (77,000), Guerrero (65,000) and Zacatecas (62,000).

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