Remittances are down by 5 percent so far in 2025, back to 2022 levels.
On August 22, 2025, Mexican President Claudia Sheinbaum attributed the decline in remittances sent home by Mexicans in the United States to U.S. migration policies. Notably, remittances dropped by 16 percent from June to July, bringing the total decrease for 2025 to roughly 5 percent, reverting to levels seen in 2022, reports 24brussels.
“Remittances increased substantially in 2023 and even more in 2024. Now we are at levels similar to 2022,” she stated during a news conference in Mexico City.
Sheinbaum went on to clarify that the primary factor for this decrease is the policies imposed by the United States on migrants. Her administration, in collaboration with Mexico’s central bank, is evaluating the impact of this decline and exploring measures to support families that depend on these funds. She emphasized that the current situation does not threaten Mexico’s overall economy.
As of 2026, the U.S. is expected to enforce a 1 percent tax on outbound remittances. In response, the Mexican government has introduced a special initiative aimed at reimbursing this tax for cash transfers made by migrants.
In 2024, Mexico received $62.5 billion in remittances from approximately 8 million Mexicans living in the U.S., according to official reports. Experts caution that increasing costs may compel undocumented migrants to resort to informal channels for money transfers, potentially exacerbating the irregular market.
