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In May 2025, remittances to Mexico fell 4.6 % compared to the same month of the last year, to 5,360 million dollars. In contrast, remittances to Guatemala (2,281 million, +15.2 %), Honduras (1,055 million, +19.1 %), and El Salvador (899 million, +17.7 %) reached record highs.

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.

The U.S. House of Representatives proposed a 5% tax on remittances sent by undocumented migrants to any global destination. This tax would be unfair, regressive, and contrary to international agreements, but would have limited effects and would not significantly affect the balance of payments.

Over the past five years, from December 2019 to March 2025, the employed population in the United States grew by 4.7 million, of which 92.4% (4.3 million) were of Hispanic or Latino origin, reflecting the great importance of this population in the current economy of that country.

Remittances to Mexico start the year with growth. In January, 4,660 million dollars arrived in family remittances, +1.9% compared to the previous year.

Mexico received 64,745 million dollars (md) in remittances in 2024, +2.3% compared to 2023 when 63,319 md were received. Remittances reach a new historical maximum in 2024 and accumulate a streak of 11 consecutive years of growth, which began in 2014.

On the first day of the Trump 2.0 administration, at least 7 executive orders or proclamations were issued regarding immigration issues, highlighting the importance of this issue for his government.

President-elect Trump has threatened mass deportations and greater border securitization, which could affect remittances to Mexico and LAC. However, it is a very unlikely scenario because it would affect the U.S. economy that depends on migrant labor force and increase inflation in that country.