Background on Remittances in Mexico
Remittances, or the funds sent by migrant workers abroad to their families in Mexico, play a crucial role in the country’s economy. These financial contributions significantly support the livelihoods of millions of Mexican families. In July 2025, however, remittances to Mexico experienced a 4.7% interannual decline, impacting family incomes negatively.
Context of the Decline
The current economic and political climate, marked by trade tensions and anti-immigrant policies in the United States, has contributed to this decrease. Many Mexican workers abroad have seen their remittances reduced due to these challenging circumstances.
July 2025 Remittance Data
According to data from Mexico’s central bank, Banco de México, the total remittances received in July 2025 amounted to $5,330 million.
- This figure represents the lowest July remittance total since 2022, highlighting the adverse effects of the prevailing economic conditions.
- The total remittances also signify a 4.7% interannual drop, further emphasizing the downturn.
Distribution of Remittances
These remittances were distributed among 12.8 million beneficiary families, with an average of $416 per household in July.
This amount is roughly equivalent to 7,800 Mexican pesos per month, depending on the exchange rate at the time of withdrawal and any associated bank fees.
Impact on Recipient Families
The decline in remittances has had a direct impact on the monthly incomes of these families, potentially affecting their ability to cover essential expenses such as food, housing, and healthcare.
As remittances are vital for many Mexican families’ economic stability, this decrease may lead to financial strain and uncertainty for those relying on these funds.
Key Questions and Answers
- What are remittances? Remittances are funds sent by migrant workers abroad to their families in Mexico, playing a significant role in the country’s economy and supporting millions of families.
- Why did remittances to Mexico drop in July 2025? The decline is attributed to trade tensions and anti-immigrant policies in the United States, which have negatively affected migrant workers’ remittances.
- How much did remittances decrease in July 2025? Remittances fell by 4.7% compared to July 2024, with a total of $5,330 million received in July 2025.
- How many families were affected by the decline in remittances? The decrease impacted 12.8 million families, with each household receiving an average of $416 in July.
- What is the equivalent value of $416 in Mexican pesos? The average remittance amount is roughly equivalent to 7,800 Mexican pesos per month, depending on exchange rates and bank fees.
