Mexico | Remittances Continue to Grow in LAC, but Not in Mexico (-1.7% in October)

Summary

In October 2025, remittances increased 24.0% to Honduras, 19.5% to Guatemala, 16.3% to El Salvador, and 5.4% to Colombia; while in September they grew 11.9% to the Dominican Republic.

Key points

• Key points:
• In October, 5,635 million dollars in family remittances arrived in Mexico, the highest figure reported in the last 12 months. Despite this, remittances experienced a 1.7% decline compared to the same month of the previous year. Thus, remittances have now declined for seven consecutive months, a trend that began last April.
• So far in 2025, 50.1% of electronic remittances arriving in Mexico were deposited into a debit or savings account, and 49.9% were paid in cash. For the first time in five years, more than half of remittances are now being deposited into a bank account or debit card, a trend that is expected to continue growing.
• By 2026, remittances to Mexico may continue their downward trend, although they will remain very important to the economy of millions of households in Mexico, with an estimated total of nearly 60 billion dollars.

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