Remittances to Mexico Plummet: Worst Drop in Over a Decade

Mexico Faces Economic Headwinds as Remittances from US Plummet MEXICO CITY – April 2025 saw a dramatic 12% decrease in remittances sent to Mexico from the United States, marking the worst decline in over a decade. This significant drop, confirmed by Banco de Mexico, has sent shockwaves through the Mexican economy, which heavily relies on these funds. The average remittance amount has also seen a substantial fall, dropping below $400 per month per recipient. The report highlights the human cost of this economic downturn, emphasizing the lack of opportunities in Mexico that drive many to seek work abroad. "This is a serious issue," stated a financial analyst interviewed for the report. "The decrease in remittances is a clear indicator of economic struggles both in the US and Mexico." The report further underscores the social and personal implications of this decline, affecting countless families separated by borders. While the Mexican government has announced measures to mitigate the impact, the full consequences of this unprecedented drop remain to be seen. The situation underscores the need for comprehensive economic policies and cooperation between the US and Mexico to address the root causes of migration and support those affected.