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Remittances are a key source of foreign currency in Latin American countries, although tighter migration policies in the United States will moderate their growth and their share of GDP. The effects will be limited in Argentina and more noticeable in Colombia and Peru, with a more gradual expansion path.

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.

This presentation reviews recent events related to the global economy, as well as forecasts focusing on Mexico, highlighting the most likely scenario, which is greater integration with the US.

During the first eight months of 2025, remittances accumulated a flow of 40,467 million dollars, while in the same months of 2024 they had already reached 43,001 million dollars, representing a decrease of 5.9%.

The Yearbook of Migration and Remittances Mexico 2025 reaffirms the ongoing commitment of BBVA Research, BBVA Foundation and CONAPO to present a rigorous and informative work on the main national and international trends surrounding migration and remittance flows.

Since recovering in 2014, the flow of remittances to Mexico has experienced a streak of 11 consecutive years of growth, which will most likely end in 2025. Between 2013 and 2024, remittances increased in nominal terms from $23 billion to $64.7 billion; that is, they almost tripled.

Amid a proposal to create a special tax in the United States on remittances sent abroad, the Bank of Mexico announced the amount of remittances sent to Mexico in April 2025, which was $4,761.2 million.