Introduction to Querétaro’s Remittance Situation
In 2025, Querétaro contributed with 2% of the total remittances received by Mexico, placing it at position 17 among the 32 federal entities. The state received $1,218.2 million in family remittances, a 4.6% decrease from the $1,276.8 million in 2024, as reported by Banco de México (Banxico).
Trimester-wise Analysis of Remittances
The decline in remittances was observed across the last three trimesters of 2025. While remittances grew by 5.4% in the January-March period, subsequent trimesters showed negative variations: -9.4%, -6.5%, and -5.6% respectively.
Municipal-level Performance
Out of Querétaro’s 18 municipalities, 13 experienced annual drops in family remittances, while the remaining five saw growth.
Significant Declines in Sierra Gorda Region
Municipalities located in the Sierra Gorda region witnessed substantial decreases: San Joaquín (-30.6%), Landa de Matamoros (-17.3%), Peñamiller (-15.9%), Pinal de Amoles (-15.6%), and Huimilpan (-14.9%) all reported declines.
Declining Remittances in Querétaro’s Capital and Other Municipalities
The capital city of Querétaro (-6.9%), Amealco de Bonfil (-6.4%), Colón (-5.7%), Tequisquiapan (-4.9%), Arroyo Seco (-4.7%), Pedro Escobedo (-1.9%), and San Juan del Río (-0.3%) all experienced decreasing remittances.
Growth in Select Municipalities
Tolimán (13.4%), Cadereyta de Montes (6.8%), Corregidora (4.8%), El Marqués (3.5%), and Ezequiel Montes (2.4%) saw growth in remittances.
Top-receiving Municipalities in Querétaro
Querétaro city received the highest amount of remittances at $410.5 million (33.7% of the total state amount), followed by San Juan del Río ($158.2 million, 13%), Cadereyta de Montes ($122.9 million, 10.1%), Amealco de Bonfil ($108.5 million, 8.9%), and Jalpan de Serra ($71.9 million, 5.9%).
Querétaro’s Rank Among Other Entities
Guanajuato, Michoacán, and Jalisco occupied the top three spots, each contributing over 8% to the nation’s remittances.
National Remittance Trends
Out of 23 entities that experienced a decrease in remittances, the State of Mexico had the largest decline (-20.4%), followed by the Federal District (-17%) and Sinaloa (-16.6%). Nine entities saw growth, with Baja California leading at 22.2%, and Campeche and Guerrero at 3.5% and 3.4% respectively.
Contextual Factors Affecting Remittances
The reduction in family remittances occurs amidst the tightening of US migration policies, the primary source of these funds.
Remittance Inflow Methods
Of the total amount received by Mexico, 99.1% came through electronic transfers; cash and in-kind transfers accounted for 0.7%; money orders represented 0.2%.
Key Questions and Answers
- What was the total amount of remittances Querétaro received in 2025? Querétaro received $1,218.2 million in family remittances in 2025.
- How did Querétaro’s remittances perform compared to 2024? Querétaro’s remittances decreased by 4.6% compared to 2024.
- Which municipalities in Querétaro experienced growth in remittances? Tolimán, Cadereyta de Montes, Corregidora, El Marqués, and Ezequiel Montes saw growth in remittances.
- What factors contributed to the decrease in remittances? The tightening of US migration policies played a significant role in the reduction of family remittances.
