In 2024, the personal remittances received in Mexico increased by 1.4 billion U.S. dollars (+2.1 percent) since 2023. While the growth is slowing down, with 67.64 billion U.S. dollars, the personal remittances received are at their peak in the observed period. Personal remittances comprise personal transfers and compensation of employees. Personal transfers include all current transfers between resident and nonresident individuals, while the compensation of employees refers to the income of employees who are employed in an economy where they are not resident, as well as of resident employees employed by nonresident entities.

Remittances in Mexico increased to 15322.33 USD Million in the second quarter of 2025 from 14253.73 USD Million in the first quarter of 2025. This dataset provides - Mexico Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Western Union was used the most for incoming remittances to Mexico, although its market share stayed relatively unchanged in 2025. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Mexico. The ***** countries from which Mexico received the highest value of remittances are the U.S., Canada, and Spain. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Remittance inflows to GDP (%) in Mexico was reported at 3.9442 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Mexico Workers Remittances: Chihuahua data was reported at 254.072 USD mn in Dec 2018. This records a decrease from the previous number of 261.227 USD mn for Sep 2018. Mexico Workers Remittances: Chihuahua data is updated quarterly, averaging 116.503 USD mn from Mar 2003 (Median) to Dec 2018, with 64 observations. The data reached an all-time high of 263.561 USD mn in Jun 2018 and a record low of 50.515 USD mn in Mar 2003. Mexico Workers Remittances: Chihuahua data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB010: Workers Remittances: By States.

Mexico: Remittances, million USD: The latest value from 2024 is 67637.92 million U.S. dollars, an increase from 66237.85 million U.S. dollars in 2023. In comparison, the world average is 7117.81 million U.S. dollars, based on data from 104 countries. Historically, the average for Mexico from 1979 to 2024 is 18163.34 million U.S. dollars. The minimum value, 177 million U.S. dollars, was reached in 1979 while the maximum of 67637.92 million U.S. dollars was recorded in 2024.

Mexico Workers Remittances: Average data was reported at 312.000 USD in Feb 2019. This records a decrease from the previous number of 313.000 USD for Jan 2019. Mexico Workers Remittances: Average data is updated monthly, averaging 318.000 USD from Jan 1995 (Median) to Feb 2019, with 290 observations. The data reached an all-time high of 410.000 USD in Dec 2000 and a record low of 267.000 USD in Oct 1999. Mexico Workers Remittances: Average data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB009: Workers Remittances.

Digital remittances that did not involve cash in either end of the process made up only ***** percent of all remittances towards Mexico. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Mexico. The ***** countries from which Mexico receives the highest value of remittances include the U.S., Canada, and Spain. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Personal remittances, received (% of GDP) in Mexico was reported at 3.6507 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - Workers' remittances and compensation of employees, received (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Mexico Workers Remittances: Sinaloa data was reported at 213.900 USD mn in Dec 2018. This records an increase from the previous number of 197.110 USD mn for Sep 2018. Mexico Workers Remittances: Sinaloa data is updated quarterly, averaging 125.100 USD mn from Mar 2003 (Median) to Dec 2018, with 64 observations. The data reached an all-time high of 213.900 USD mn in Dec 2018 and a record low of 69.249 USD mn in Mar 2003. Mexico Workers Remittances: Sinaloa data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB010: Workers Remittances: By States.

Time series data for the statistic Personal remittances, received (current US$) and country Mexico. Indicator Definition:Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.The indicator "Personal remittances, received (current US$)" stands at 67.64 Billion usd as of 12/31/2024, the highest value at least since 12/31/1980, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 2.11 percent compared to the value the year prior.The 1 year change in percent is 2.11.The 3 year change in percent is 22.83.The 5 year change in percent is 69.80.The 10 year change in percent is 164.66.The Serie's long term average value is 18.16 Billion usd. It's latest available value, on 12/31/2024, is 272.39 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1979, to it's latest available value, on 12/31/2024, is +38,113.51%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

Mexico Workers Remittances: Quarterly: Total data was reported at 8.766 USD bn in Dec 2018. This records an increase from the previous number of 8.460 USD bn for Sep 2018. Mexico Workers Remittances: Quarterly: Total data is updated quarterly, averaging 5.437 USD bn from Mar 1996 (Median) to Dec 2018, with 92 observations. The data reached an all-time high of 9.058 USD bn in Jun 2018 and a record low of 932.753 USD mn in Mar 1996. Mexico Workers Remittances: Quarterly: Total data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB009: Workers Remittances.

Personal remittances, received of Mexico improved by 2.11% from 66,237,847,600 US dollars in 2023 to 67,637,913,797 US dollars in 2024. Since the 6.59% jump in 2014, personal remittances, received shot up by 164.66% in 2024. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Mexico MX: Average Transaction Cost of Sending Remittances to a Specific Country data was reported at 4.469 % in 2017. This records a decrease from the previous number of 6.354 % for 2016. Mexico MX: Average Transaction Cost of Sending Remittances to a Specific Country data is updated yearly, averaging 5.560 % from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 6.354 % in 2016 and a record low of 4.410 % in 2013. Mexico MX: Average Transaction Cost of Sending Remittances to a Specific Country data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Payment System. Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.; ; World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org; Unweighted average;

Mexico Workers Remittances: Electronic Transfers data was reported at 2.336 USD bn in Feb 2019. This records a decrease from the previous number of 2.339 USD bn for Jan 2019. Mexico Workers Remittances: Electronic Transfers data is updated monthly, averaging 1.670 USD bn from Jan 1995 (Median) to Feb 2019, with 290 observations. The data reached an all-time high of 3.103 USD bn in May 2018 and a record low of 127.972 USD mn in Dec 1995. Mexico Workers Remittances: Electronic Transfers data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB009: Workers Remittances.

Mexico Workers Remittances: Money Orders data was reported at 12.457 USD mn in Feb 2019. This records a decrease from the previous number of 16.688 USD mn for Jan 2019. Mexico Workers Remittances: Money Orders data is updated monthly, averaging 56.069 USD mn from Jan 1995 (Median) to Feb 2019, with 290 observations. The data reached an all-time high of 195.451 USD mn in Dec 1998 and a record low of 9.986 USD mn in Oct 2015. Mexico Workers Remittances: Money Orders data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB009: Workers Remittances.

Mexico Workers Remittances: Average: Money Orders data was reported at 719.000 USD in Feb 2019. This records an increase from the previous number of 701.000 USD for Jan 2019. Mexico Workers Remittances: Average: Money Orders data is updated monthly, averaging 452.000 USD from Jan 1995 (Median) to Feb 2019, with 290 observations. The data reached an all-time high of 957.000 USD in Jun 2018 and a record low of 285.000 USD in Jan 1995. Mexico Workers Remittances: Average: Money Orders data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB009: Workers Remittances.

The labor markets in the US and Mexico are closely linked through migrant workers and remittances and the changes in remittance flow may alter labor allocations in the origin households. In this paper, we investigate how the prevalence of the Covid-19 epidemic in the US affected the local labor market in Mexico. We construct a Mexican municipality-level measure of the exposure to Covid-19 in the US using data on Covid-19 prevalence across US states and data on migrants' destinations across the US states. We find a positive effect of Covid-19 exposure in the US on the hours worked among workers in Mexico yet no significant effects were found for the local wages. We also find that the effect varies across subgroups which indicates that the responses in hours worked depend on the household dynamics, the nature of the occupation-specific tasks, and the migration intensity. Finally, we document the potential mechanism behind the effect on the hours worked, which is through the changes in remittances sent to the origin municipalities in Mexico.

Personal remittances, paid (current US$) in Mexico was reported at 1308403827 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - Workers' remittances and compensation of employees, paid - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Mexico Number of Remittances: Quarterly: Money Orders data was reported at 57.671 Unit th in Dec 2018. This records an increase from the previous number of 50.178 Unit th for Sep 2018. Mexico Number of Remittances: Quarterly: Money Orders data is updated quarterly, averaging 380.654 Unit th from Mar 1996 (Median) to Dec 2018, with 92 observations. The data reached an all-time high of 1,596.155 Unit th in Jun 1998 and a record low of 50.178 Unit th in Sep 2018. Mexico Number of Remittances: Quarterly: Money Orders data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.JB009: Workers Remittances.