Overview
- Mexico remains the region’s largest recipient with 35.4% of Latin America and the Caribbean’s remittance inflows, according to the BID.
- Banco de México reports $45.681 billion in remittances for January–September 2025, 5.5% below the same period a year earlier.
- The BID attributes the downturn to a base effect from 2024’s unusually strong months, peso appreciation and a 1.2% drop in the Mexican labor force in the United States.
- Roughly 96% of Mexico’s remittances originate in the U.S., with Canada accounting for 1.8%, underscoring exposure to North American labor trends.
- Quarterly patterns were uneven in 2025, with a 1.2% year‑over‑year rise in Q1 followed by an 11.2% decline in Q2 and further weakness in Q3, especially in August.