Disclaimer: All content on this site is provided in good faith and for informational purposes only. Unless explicitly stated and sourced, all information should be considered alleged and unverified. We quote third parties and include archival material for informational and educational purposes, and do not endorse defamatory or harmful statements. For full details, visit our Disclaimer page.
Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold
2025-08-23
194 words
1 min read
Money Wired To Mexico Hits A Decade Low As US Immigration Policies Take Hold
The Trump administration’s crackdown on illegal immigration is playing a role in the sharpest decline in monthly remittances to Mexico in more than a decade, analysts say.
According to numbers released this month from the Bank of Mexico (Banxico), income from remittances abroad stood at $5.2 billion in June, a 16.2 percent decrease compared with June 2024.
That represents the largest drop in 13 years, according to a report from BBVA Research.
Remittances in 2024 represented approximately 3.4 percent of Mexico’s gross domestic product, according to the World Bank.
Remittances are transfers of money earned in the United States to such parties as relatives, friends, or business associates abroad. Ninety-nine percent of the remittances sent in the first half of 2025 were made through electronic funds transfers, according to the BBVA report.
The drop occurred after a decade of growth. Between 2013 and 2024, remittances to Mexico almost tripled to $64.7 billion from $23 billion, according to BBVA.
Analysts attribute the decline to President Donald Trump’s deportation policies and the availability of alternative methods for sending remittances.
Source:
This article includes information sourced from third parties. Where sources are unavailable, such as broken or missing links, we were unable to directly verify the claims. Readers are encouraged to evaluate the information critically and seek additional verification where necessary.
Authored By TMB LLC
Our Mission is to bridge the gap between mainstream and independent news while offering transparent, honest, and reliable information.