Overview
- Michoacán and Guanajuato each received $1.249 billion in the first quarter, with Jalisco at $1.193 billion, placing them as the top recipients in Banco de México’s latest state breakdown.
- Remittances reached $5.394 billion in March 2026, a 4.9% year-over-year rise cited by BBVA that points to renewed momentum ahead of the usual May surge.
- Nearly all transfers now move on Banco de México’s SPEI system, with about 99% sent digitally and roughly 96% coming from Mexicans in the United States.
- Mother’s Day drives a predictable May spike, and Profeco reports that mothers receive 49.8% of the month’s transfers.
- Inegi notes remittances equal nearly 4% of national GDP, reach about 16% of output in Oaxaca and Chiapas, and can account for up to two-thirds of income in some municipalities, while deportation scenarios modeled by the agency show potential drops of 11% to 74% in flows with sizable GDP losses.