Introduction to Remittances in Querétaro
Querétaro, a state in central Mexico, has experienced a 4.3% annual decrease in remittances during the first nine months of 2025, according to data from Banco de México (Banxico). In comparison, the state received 911.3 million dollars in remittances from January to September 2025, which is lower than the 952.2 million dollars received during the same period in 2024.
Impact on Individual Municipalities
Out of the 18 municipalities, 12 reported a decline in remittances. San Joaquín, located in the mountainous region, saw the most significant drop of 22.6%. Other municipalities experiencing decreases include Huimilpan (-15.6%), Jalpan de Serra (-14.5%), Landa de Matamoros (-11.9%), Peñamiller (-10.4%), Pinal de Amoles (-9.9%), Querétaro (-8.6%), Amealco de Bonfil (-5.3%), Tequisquiapan (-4.2%), Arroyo Seco (-2.4%), Pedro Escobedo (-0.9%), and San Juan del Río (-0.1%).
Municipalities with Positive Growth
Despite the overall decline, six municipalities reported positive growth in remittances. Tolimán experienced the most significant increase of 17%, followed by Colón (11.6%), Cadereyta de Montes (10.5%), El Marqués (7.3%), Corregidora (6.8%), and Ezequiel Montes (1%). The origin of the remittances in these municipalities is not identified, but their growth rate is noteworthy.
Trimestral Comparison
In the third quarter alone, 12 municipalities reported a yearly decrease in remittances. San Joaquín had the largest decline of 41.7%, followed by Colón (-29.7%) and Jalpan de Serra (-21.4%). Conversely, Tolimán, Corregidora, and Cadereyta de Montes experienced the most substantial growth of 25.3%, 14.6%, and 6.6%, respectively.
Capital’s Dominance in Remittances
The state capital, Querétaro, received 33.2% of the total remittances, which amounted to 911.3 million dollars from January to September. San Juan del Río followed closely, capturing 13% of the remittances, while Cadereyta de Montes contributed 10.1%.
Querétaro’s Position in National Remittance Trends
At the national level, Querétaro is one of 12 entities that have seen a yearly reduction in remittances. The state accounted for 2% of the total remittance flow, placing it 17th among Mexico’s 32 federal entities.
Key Questions and Answers
- What is the overall trend in remittances to Querétaro? Remittances to Querétaro have decreased by 4.3% annually during the first nine months of 2025 compared to the same period in 2024.
- Which municipalities experienced the most significant decline in remittances? San Joaquín, Huimilpan, Jalpan de Serra, Landa de Matamoros, Peñamiller, Pinal de Amoles, Querétaro, Amealco de Bonfil, Tequisquiapan, Arroyo Seco, Pedro Escobedo, and San Juan del Río all reported declines.
- Which municipalities showed positive growth in remittances? Tolimán, Colón, Cadereyta de Montes, El Marqués, and Corregidora experienced growth in remittances.
- How does Querétaro compare to other Mexican states in terms of remittances? Querétaro is one of 12 states that have seen a yearly reduction in remittances, accounting for 2% of the total remittance flow and ranking 17th among Mexico’s 32 federal entities.
