Overview
- The Bank of Mexico’s July data, published Tuesday, show remittances reached $5,571 million in July 2026, a 3.0% year‑on‑year rise and contributing to a January–July total of $36,349 million, up 3.1%.
- The month‑to‑month recovery is explained mainly by higher amounts per transfer rather than more transactions, with the average remittance rising to about $426 per operation.
- Electronic transfers dominated value flows, accounting for 99.1% of remittance inflows between January and July 2026, which increases traceability and speed of funds to recipient households.
- Residents in Mexico also sent more money abroad, with July outflows of $104 million and a January–July total of $731 million, leaving a remittance surplus that supports the country’s external accounts.
- Remittances remain a vital income source for many Mexican households and equal roughly 4% of GDP, and the rebound after 2025’s drop tied to tighter U.S. migration measures matters for consumption, financial inclusion, and balance‑of‑payments resilience.