Overview

• In June 2025, remittance inflows fell 16.2% year-on-year to $5.201 billion, marking the deepest annual drop since September 2012.
• Remittances have declined for three consecutive months and the first half of 2025 saw a 5.6% contraction compared to H1 2024—the first semiannual fall since 2013.
• Roll-year inflows through June totaled $62.996 billion, down 2.19% from the prior 12 months and representing the first annual contraction since January 2014.
• President Trump’s intensified ICE raids in cities such as Los Angeles have suppressed remittance transactions as migrants avoid deportation risks.
• U.S. lawmakers approved a 1% tax on remittances in July and Mexico plans to reimburse the levy via its Financial Welfare Card.