Mexico | Remittances Rise for Sixth Consecutive Month, Up 3.0% in July

Summary

Despite these gains, remittances declined by 6.5% in real terms in July, due to inflation and, primarily, the depreciation of the US dollar. Since reaching their peak in July 2022, remittances to Mexico have fallen by 24.8% in real terms, negatively affecting the income of recipient households over the past four years.

Key points

• Key points:
• Remittances to Mexico increased for the sixth consecutive month. Between February and July of this year, remittance inflows rose by 3.7%. In July, Mexico received 5,571 million USD in remittances, representing a 3.0% increase year over year.
• Despite these gains, remittances declined by 6.5% in real terms in July, due to inflation and, primarily, the depreciation of the US dollar. Since reaching their peak in July 2022, remittances to Mexico have fallen by 24.8% in real terms, negatively affecting the income of recipient households over the past four years.
• Between July 2022 and July 2026, virtually all of the growth in the employed population in the United States was accounted for by the increase in Latino or Hispanic workers. Their number rose by 4.3 million, from 29.2 million to 33.5 million.
• Remittances to Latin America and the Caribbean grew strongly during the first months of 2026 but slowed in June and July. In July, remittance inflows increased in Honduras (+6.1%), the Dominican Republic (+4.7%), Guatemala (+4.3%), Mexico (+3.0%), and Brazil (+0.8%). Colombia and El Salvador have now recorded declines for two consecutive months.

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