Overview
- Banco de México reported US$61.791 billion in remittances for 2025, down from US$64.746 billion in 2024, the first annual decline since 2013 and the steepest since 2009, according to BBVA Research.
- Cemla data show Mexican migrants’ U.S. wages fell by US$14.191 billion from April to December 2025 (−3.7%) and employment dropped by about 342,382 jobs from January to August, with senders remitting roughly 16.2% of their labor income.
- The Trump administration reported about 500,000 deportations from January to October 2025, and experts say enforcement increasingly reached long‑time residents who had been regular remittance senders.
- Digital channels dominated the flow in 2025 as 99.1% of remittances moved via electronic transfers, with roughly half cashed and half deposited into bank accounts.
- Remittance-dependent households face tighter budgets as purchasing power fell about 4% in 2025, and some analysts forecast a gradual recovery in the second half of 2026 if labor demand improves.