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Mexico

Headline economic indicators for Mexico, with the most recent official readings.

Prices

Prices — Mexico
Indicator Value Change
Inflation rate · 3.8% -0.91 (-19.3%)
Consumer price index · 191.5 +7.03 (+3.8%)
Inflation rate (monthly) · 3.5% +0.19 (+5.8%)
Consumer price index (monthly) · 146.1 +0.61 (+0.4%)
Core inflation rate (monthly) · 3.8% -0.13 (-3.4%)
House price index (quarterly) · 308.2 +4.00 (+1.3%)
House price inflation, year on year (quarterly) · 7.3% -1.42 (-16.4%)
Real house price index (quarterly) · 155.5 +0.94 (+0.6%)
Real house price growth, year on year (quarterly) · 3.2% -1.15 (-26.2%)
GDP deflator inflation · 4.6% +0.88 (+23.6%)

GDP

GDP — Mexico
Indicator Value Change
GDP growth rate · 0.6% -0.79 (-58.4%)
GDP per capita · 13,889.23 -98.81 (-0.7%)
GDP growth, year on year (quarterly) · 2.1% +1.85 (+926.6%)
Industrial production, year on year (monthly) · 3.5% +0.84 (+31.4%)
GDP per capita, long-run history · 16,235 +382.08 (+2.4%)
GDP · 1,832,641,364,775.52 +2,152,053,687 (+0.1%)
GDP, PPP · 3,413,265,579,051 +34,388,211,068 (+1.0%)
GDP per capita, PPP · 25,868 +48.13 (+0.2%)
GDP per capita growth · -0.3% -0.75 (-155.1%)
GNI per capita · 13,730 +970.00 (+7.6%)
Agriculture to GDP · 3.9% +0.01 (+0.4%)
Industry to GDP · 30.6% -0.43 (-1.4%)
Manufacturing to GDP · 20.0% -0.15 (-0.8%)
Services to GDP · 58.9% +0.25 (+0.4%)
Household consumption to GDP · 70.2% -0.45 (-0.6%)
Gross capital formation to GDP · 22.6% -1.29 (-5.4%)
Gross savings to GDP · 18.3% -0.14 (-0.8%)

Labour

Labour — Mexico
Indicator Value Change
Unemployment rate · 2.7% -0.00 (-0.2%)
Unemployment rate (monthly) · 2.8% -0.16 (-5.4%)
Labour force participation rate (monthly) · 58.5% -0.82 (-1.4%)
Labour force participation rate · 61.6% -0.03 (-0.0%)
Female labour force participation rate · 47.5% +0.04 (+0.1%)
Youth unemployment rate · 5.7% -0.05 (-0.8%)
Employment to population ratio · 60.0% -0.02 (-0.0%)
Employment in agriculture · 11.4% -0.21 (-1.8%)
Employment in industry · 24.5% -0.18 (-0.7%)
Employment in services · 64.1% +0.38 (+0.6%)

Money

Money — Mexico
Indicator Value Change
Real interest rate · 4.0% -3.24 (-44.9%)
Central bank policy rate · 6.5% -0.25 (-3.7%)
Real effective exchange rate (monthly) · 140.3 -1.66 (-1.2%)
Nominal effective exchange rate (monthly) · 127.5 -1.47 (-1.1%)
Private sector credit to GDP (quarterly) · 38.6% -0.15 (-0.4%)
Credit-to-GDP gap (quarterly) · -3.08 pp -0.14 (-4.7%)
Debt service ratio, private sector (quarterly) · 5.3% -0.10 (-1.9%)
Broad money to GDP · 48.0% +1.56 (+3.4%)
Private sector credit to GDP · 35.5% +0.43 (+1.2%)
Lending rate · 8.8% -2.44 (-21.7%)
Bank deposit rate · 2.5% -2.00 (-44.0%)
Stock market capitalization to GDP · 30.6% -1.56 (-4.8%)
Bank nonperforming loans · 2.2% +0.15 (+7.7%)
Official exchange rate · 19.24 +0.93 (+5.1%)

Trade

Trade — Mexico
Indicator Value Change
Current account to GDP · -0.5% +0.41 (+44.3%)
Exports to GDP · 39.6% +2.36 (+6.3%)
Imports to GDP · 40.3% +2.14 (+5.6%)
Trade to GDP · 79.9% +4.50 (+6.0%)
Exports of goods and services · 726,556,896,246.65 +44,084,286,353 (+6.5%)
Imports of goods and services · 738,162,519,126.7 +39,972,063,511 (+5.7%)
Trade balance, goods and services (annual) · -12,733,692,383 +15,262,531,962 (+54.5%)
Current account balance (annual) · -9,363,150,632 +7,427,571,946 (+44.2%)
Foreign direct investment to GDP · 2.4% -0.05 (-2.2%)
Remittances received to GDP · 3.6% -0.16 (-4.3%)
Total reserves, including gold · 256,178,680,249.03 +24,143,287,784 (+10.4%)
Reserves in months of imports · 3.7 +0.19 (+5.4%)
External debt to GNI · 32.9% -1.18 (-3.5%)

Government

Government — Mexico
Indicator Value Change
Government debt to GDP · 50.3% +5.12 (+11.3%)
Government revenue to GDP · 19.4% +0.35 (+1.8%)
Government expense to GDP · 22.5% +0.15 (+0.7%)
Tax revenue to GDP · 14.8% +0.60 (+4.2%)
Government budget balance to GDP · -5.9% -1.75 (-41.8%)
Government consumption to GDP · 11.8% +0.17 (+1.4%)
Education spending to GDP · 4.1% -0.18 (-4.2%)
Health spending to GDP · 5.5% -0.21 (-3.6%)

Demography

Demography — Mexico
Indicator Value Change
Population · 131,946,900 +1,085,893 (+0.8%)
Population, long-run history · 125,247 +784.85 (+0.6%)
Population growth · 0.8% -0.03 (-4.0%)
Life expectancy · 75.3 +0.19 (+0.3%)
Fertility rate · 1.89 -0.02 (-0.9%)
Birth rate · 15.5 -0.24 (-1.5%)
Death rate · 6.2 +0.06 (+0.9%)
Urban population share · 80.0% +0.29 (+0.4%)
Population aged 65 and over · 8.5% +0.27 (+3.3%)
Under-five mortality rate · 13.1 -0.30 (-2.2%)
Population density · 67.3 +0.58 (+0.9%)
Net migration · -108,037 -3,456 (-3.3%)
Gini index · 42.6 -0.90 (-2.1%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Fuente: INEGI, Índice Nacional de Precios al Consumidor (INPC) 2018, Encuesta Nacional de Ocupación y Empleo (ENOE), Indicador Mensual de la Actividad Industrial (IMAI) 2018 y Producto Interno Bruto Trimestral (PIBT) 2018. Annual inflation rates (headline and core) are calculated by ChartBasis from INEGI's price indexes. This does not represent an official position of INEGI.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Mexico

Economies nearby

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