Mexico | Remittances fall for the fourth consecutive month: July -4.7%

Summary

In July, remittances reached Mexico for 5,330 million, a 4.7% drop compared to the same month in 2024. From January to July 2025, remittances totaled $34.889 billion, a lower amount than what was received in 2024, and even lower than in 2023.

Key points

• Key points:
• Between July 2024 and July 2025, when remittances were converted to pesos and adjusted for inflation, recipient Mexican households received 4.8% less in real terms.
• During the Humanitarian Migration Period (2021-2024), net immigration to the United States increased by 6.8 million, primarily due to the arrival of asylum seekers and people under Temporary Protected Status (TPS).
• The unauthorized immigrant population in the United States grew by 3.5 million between 2021 and 2023, currently standing at around 14 million. This growth was due to the influx of immigrants from a wide variety of countries, including Venezuela, Colombia, Peru, Ecuador, Brazil, Haiti, Cuba, Guatemala, Honduras, and Ukraine.
• There are 4.3 million unauthorized Mexican immigrants residing in the United States. Although this group has grown little in recent years, it remains by far the largest unauthorized immigrant population.
• Between January and July 2025, the Current Population Survey recorded a decrease of 1.9 million immigrants in the United States. It is not yet possible to determine whether this is a real decrease or due to lower participation in the survey due to fear of being identified.

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