Browse a full set of economic indicators

Mexico

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.

Basic Information

Government Type: Federal presidential republic

Capital City: Mexico City (Ciudad de Mexico)

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Bank of Mexico
Currency Mexican pesos (MXN)
International Reserves USD 176.4 billion (2018)

International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product – GDP USD 1,124.3 billion (2017, estimate)
GDP (Purchasing Power Parity) Intl$ 2,410.9 billion (2017, estimate)

GDP Data

Real GDP growth 2006 5%
2007 3.2%
2008 1.4%
2009 -4.7%
2010 5.1%
2011 4.1%
2012 4%
2013 1.4%
2014 2.3%
2015 2.5%
2016* 2.1%
2017* 2.3%

*Estimate
GDP per capita – current prices USD 9,102.4 (2017, estimate)
GDP per capita – PPP Intl$ 19,518.9 (2017, estimate)
GDP (PPP) – share of world total 1980 3.04%
1990 2.66%
2000 2.49%
2010 2.04%
2017* 1.9%
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 3.8%
2014 4.0%
2015 2.7%
2016* 2.8%
2017* 3.3%

*Estimate

Inflation & Debt

Inflation 2013 3.8%
2014 4.0%
2015 2.7%
2016* 2.8%
2017* 3.3%

*Estimate
Government Bond Ratings
Standard & Poor’s: BBB+

Moody’s: A3

Standard & Poor’s / Moody’s (Updated January 2017)
Unemployment rate 2013 4.9%
2014 4.8%
2015 4.4%
2016* 4.1%
2017* 3.9%

*Estimate
Household saving rates 5.4% (Total, 2013)
Public debt (General government gross debt as a % of GDP) 2013 46.4%
2014 49.5%
2015 54%
2016* 56%
2017* 56.1%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2013 -3.7%
2014 -4.6%
2015 -4.1%
2016* -3%
2017* -3%

*Estimate

Market value of publicly traded shares 2013 USD 526 billion
2014 USD 480.2 billion
2015 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.

Import/Export

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)​
Total exports USD 359.3 billion (2016 estimate)
Export commodities Manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton
Total imports USD 372.8 billion (2016 estimate)
Import commodities Metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts
Exports – major partners US 81.1% (2015)
Imports – major partners US 47.3%, China 17.7%, Japan 4.4% (2015)

Competitiveness & Trade

Current account balance USD -31.0 billion (2017 estimate)
Current account balance by percentage of GDP -2.8% (2017 estimate)
FDI inflows 2013 USD 45,855 million
2014 USD 25,675 million
2015 USD 30,285 million
FDI Outflows 2013 USD 13,138 million
2014 USD 8,304 million
2015 USD 8,072 million
Value of cross-border M&A, by country of purchaser 2012 USD 6503.6 million
2013 USD 3847.2 million
2014 USD 5371.7 million
2015 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
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)

Population & Geographic Data

Total Area 1,964,375 sq km
Total Population 1990 87.065 million
2000 100.896 million
2010 114.256 million
2016* 122.273 million
2021* 128.231 million
Urban population as % of total population 1960 51%
1980 66%
2000 75%
2015 79%
Population median age 28 years (2016 estimate)
Population growth rate 1.15% (2016 estimate)
Life expectancy 75.9 years (2016 estimate)
% 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)
Freedom House rating Political Rights: 3
Civil Liberties: 3 (2017)

(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed 15.88% Mobile 85.99% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 57.43% (2015)

Language & Religon

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)
Literacy
Total population: 95.1%
Male: 96.2%
Female: 94.2% (2012 est.)

(age 15 and over can read and write)
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.)

World Rankings

Population 128.231 million
Mercer Cost of living index Mexico City: 169th
Monterrey: 197th

(2016)
C02 Emissions per capita 3.9 (2013)

Global Finance Rankings & Awards: Mexico

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

arrow-chevron-right-redarrow-chevron-rightbutton-arrow-left-greybutton-arrow-left-red-400button-arrow-left-red-500button-arrow-left-red-600button-arrow-left-whitebutton-arrow-right-greybutton-arrow-right-red-400button-arrow-right-red-500button-arrow-right-red-600button-arrow-right-whitecaret-downcaret-rightclosecloseemailfacebook-square-holdfacebookhamburger-newhamburgerinstagramlinkedin-square-1linkedinpauseplaysearch-outlinesearchsubscribe-digitalsubscribe-printtwitter-square-holdtwitteryoutube