Remittances to Mexico decline, but not in all states

The flow of remittances from Mexico has slowed down and recorded annual declines in 2025. According to the Bank of Mexico, in September 2025, remittance income was US$5.214 billion, representing a decrease of around 2.7% compared to September 2024, possibly due to the tightening of immigration policies in the United States and deportations.

However, although remittances to Mexico have fallen in recent months, these cash flows have remained steady and even increased in states with higher migration rates, such as Guanajuato, Guerrero, Michoacán, and Jalisco.

Gaspar Rivera-Salgado, project director at the UCLA Labor Center, professor of labor studies at the Labor and Employment Research Institute, and director of the Center for Mexican Studies at the University of California, Los Angeles (UCLA), explains the data from the Bank of Mexico: it is true that remittances have fallen, but migrants have not stopped sending their resources.

Gaspar Rivera-Salgado points out that states with more migrants, especially those working in urban areas, have been more affected, but they continue to send remittances.

Gaspar Rivera-Salgado says that migrants in rural areas have not been as affected.
In the case of recipient states, remittance flows have remained steady or even increased, according to Gaspar Rivera-Salgado.

He also says that there is a difference between migrants who have recently arrived and those who have been in the United States for some time.
Gaspar Rivera-Salgado comments that the economic situation and inflation also impact remittance flows.

Gaspar Rivera-Salgado refers to a BBVA study on remittances that estimates a drop in this income of more than 5%, which will have an impact on Mexican families.