Mexico | Remittances fall 0.8% in February, but continue on the growth path for 2025

Summary

In February 2025, 4,459 million in family remittances arrived in Mexico. Remittances have accumulated a 16-month streak of uncertainty since November 2023, with seven months of contractions, interspersed with months of low growth and other months with increases greater than 8% at an annual rate.

Key points

• Key points:
• Despite the weak start of remittances in the first two months of the year, the reported results are above the path projected by BBVA to close with growth in 2025, although many events that could occur throughout the year are still pending.
• In February 2025, Border Patrol reported only 8,000 apprehensions at the U.S. southwest border, 94% fewer than in February 2024, possibly the lowest level of apprehensions on record since 2000.
• In February 2025, ICE detained 17,375 migrants from the interior of U.S., more than double the number recorded in the same month in 2024 and its highest level in at least the last five years.
• President Trump's immigration policy is succeeding, so far, in stemming the arrival of new migrants across the border. Despite ICE's efforts, migrant detentions within the interior of U.S. remain low, considering the more than 11 million undocumented migrants.

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