Mexico Steps Up As Largest US Trading Partner
Mexico surges ahead of China as America's top trading partner in part due to geopolitical tensions and Covid-related disruptions.
Mexico GDP and Economic Data
Includes Mexico real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Mexico economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Mexico best banks and safest banks are also available.
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International Reserves
USD 176.4 billion (2018)
International Monetary Fund (IMF), data retrieved January 2017
GDP (Purchasing Power Parity)
Intl$ 2,410.9 billion (2017, estimate)
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Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 5% | 3.2% | 1.4% | -4.7% | 5.1% | 4.1% | 4% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 1.4% | 2.3% | 2.5% | 2.1% | 2.3% |
*Estimate
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GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 3.04% | 2.66% | 2.49% | 2.04% | 1.9% |
*Estimate
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GDP - composition by sector
- agriculture: 3.7%
- industry: 33.1%
- services: 63.2%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
0.5% (2014)
OECD, data retrieved January 2017
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 3.8% | 4.0% | 2.7% | 2.8% | 3.3% |
*Estimate
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Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 4.9% | 4.8% | 4.4% | 4.1% | 3.9% |
*Estimate
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Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 46.4% | 49.5% | 54% | 56% | 56.1% |
*Estimate
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Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -3.7% | -4.6% | -4.1% | -3% | -3% |
*Estimate
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Government bond ratings
Standard & Poor's: BBB+
Moody's: A3
Standard & Poor's / Moody's (Updated January 2017)
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Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 526 billion | USD 480.2 billion | USD 402.3 billion |
Largest companies
América Móvil, Femsa, GFNorte, Grupo Mexico, Grupo Televisa, Cemex, Grupo Inbursa, Grupo Bimbo, ALFA, El Puerto de Liverpool, Arca Continental, Grupo Carso, Corporacion Geo, Desarrolladora Homex, Fibra Uno.
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Current account balance by percentage of GDP
-2.8% (2017 estimate)
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Exports as percent of GDP (Exports of goods and services)
35.4% (2015)
Shares in world total merchandising export
2.3% (2015)
Shares in world total commercial services export
0.5% (2015)
Export commodities
Manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton
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Import commodities
Metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts
Imports - major partners
US 47.3%, China 17.7%, Japan 4.4% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 45,855 million | USD 25,675 million | USD 30,285 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 13,138 million | USD 8,304 million | USD 8,072 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD 6503.6 million | USD 3847.2 million | USD 5371.7 million | USD 2393.5 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 47 out of 190 countries (2017)
Subcategories:
Starting a business: 93 out of 190 countries
Enforcing Contracts: 40 out of 190 countries
Registering Property: 101 out of 190 countries
Getting Credit: 5 out of 190 countries
Protecting Minority Investors: 53 out of 190 countries
Trading Across Borders: 61 out of 190 countries
Paying Taxes: 114 out of 190 countries
Dealing with Construction Permits: 83 out of 190 countries
Getting Electricity: 98 out of 190 countries
Resolving Insolvency: 30 out of 190 countries
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Global competitiveness ranking
51 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 62 / Score: 65.18 (Moderately free) (2016)
(100=totally free 0=totally repressed)
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Languages
Spanish only 92.7%, Spanish and indigenous languages 5.7%, indigenous only 0.8%, unspecified 0.8%
Note: indigenous languages include various Mayan, Nahuatl, and other regional languages (2005)
Religions
Roman Catholic 82.7%, Pentecostal 1.6%, Jehovah's Witness 1.4%, other Evangelical Churches 5%, other 1.9%, none 4.7%, unspecified 2.7% (2010 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 87.065 million | 100.896 million | 114.256 million | 122.273 million | 128.231 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 51% | 66% | 75% | 79% |
Literacy
Total population: 95.1%
Male: 96.2%
Female: 94.2% (2012 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
3.0% (2014)
Inequality of wealth distribution (Gini index)
48.2 (2014)
(0=perfect equality, 100=absolute inequality)
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Freedom House rating
Political Rights: 3
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
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Total telephone subscribers as % of population
Fixed 15.88% Mobile 85.99% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)
Mercer Cost of living index
Mexico City: 169th
Monterrey: 197th
(2016)
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