Remittances received in Mexico in 2023, by state

In 2023, the Mexican states of Michoacán, Jalisco, and Guanajuato were the main destinations of remittances sent from abroad. This is according to third-party estimates made using information from Mexico's central bank, the Banco de México. Michoacán received almost 5.4 billion U.S. dollars in money transfers from foreign residents, whereas the value of remittances received in Mexico City reached about 3.8 billion dollars. It should be noted that remittances as a topic are difficult to track. It is therefore likely numbers can differ between sources. Partially this is due to definition, as an organization like the World Bank only investigates "personal remittances", which it calculates using migrant stock. It is unclear whether Mexico's central bank tracked transactions, or calculated them using a domestic survey.