Background on Remittances in Mexico
Remittances, or the funds sent by migrants working abroad to their families in Mexico, play a crucial role in the Mexican economy. According to BBVA experts, Guanajuato families were the most benefited by remittances in 2025, as reported by data from Banco de México.
Guanajuato Tops the List
In 2025, Guanajuato households received $5,515 million in remittances, surpassing Michoacan families who received $5,394 million. This places Guanajuato at the top of the list for remittance receipts in Mexico.
Jalisco and Other Entities
Jalisco followed closely as the third-largest recipient of remittances, with $5,146 million. Baja California, Campeche, Guerrero, Oaxaca, Morelos, Yucatán, Puebla, Zacatecas, and Veracruz also experienced growth in remittances, ranging from 1.1% to 22%.
Reasons for the Growth in Baja California
Despite a 4.6% annual decrease in overall remittances, BBVA experts, led by Jose Juan Li NG, identified growth in remittance shipments to nine federal entities. The significant 22% increase in Baja California remittances might be linked to migrants who became stranded there while waiting for processing of their immigration papers.
Expert Insights
Jesús Cervantes González, responsible for the Remittances Forum at the Center for Monetary Studies in Latin America (CEMLA), suggests that the growth in Baja California remittances could be due to migrants settling there while they navigate the necessary tramites (processes) for potential passage.
Key Questions and Answers
- What are remittances? Remittances are funds sent by migrants working abroad to their families in Mexico.
- Which state received the most remittances in 2025? Guanajuato received the highest amount of remittances in 2025, totaling $5,515 million.
- Why did Baja California see a significant increase in remittances? The growth could be attributed to migrants who became stranded in Baja California while waiting for immigration processing.
- Who is Jesús Cervantes González? He is the person responsible for the Remittances Forum at the Center for Monetary Studies in Latin America (CEMLA).
