Mexico ranked 13/197 by economy size with a GDP of $1.86T and 69/197 by GDP per capita at $14,186. Mexico has $1.08T in government debt, with a debt-to-GDP ratio of 58.3%.
In 2024, Mexico made up 1.67% of the world's economy, compared to 0.95% in 1960.
Mexico GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $1,856,365,616,166 | 1.43% |
| 2023 | $1,798,317,581,487 | 3.35% |
| 2022 | $1,466,934,724,293 | 3.71% |
| 2021 | $1,316,569,466,686 | 6.05% |
| 2020 | $1,121,064,767,308 | -8.35% |
| 2019 | $1,304,106,203,902 | -0.39% |
| 2018 | $1,256,300,182,880 | 1.97% |
| 2017 | $1,190,721,475,906 | 1.87% |
| 2016 | $1,112,233,497,453 | 1.77% |
| 2015 | $1,213,294,467,717 | 2.7% |
| 2014 | $1,364,507,717,614 | 2.5% |
| 2013 | $1,327,436,290,283 | 0.85% |
| 2012 | $1,255,110,424,818 | 3.55% |
| 2011 | $1,229,013,703,417 | 3.44% |
| 2010 | $1,105,424,238,731 | 4.97% |
| 2009 | $943,437,415,025 | -6.3% |
| 2008 | $1,161,553,459,715 | 0.94% |
| 2007 | $1,102,355,554,972 | 2.08% |
| 2006 | $1,020,265,057,882 | 4.81% |
| 2005 | $917,571,853,529 | 2.11% |
| 2004 | $819,459,227,375 | 3.57% |
| 2003 | $765,549,967,703 | 1.19% |
| 2002 | $810,666,116,402 | -0.24% |
| 2001 | $796,064,590,549 | -0.45% |
| 2000 | $742,061,329,749 | 5.03% |
| 1999 | $631,249,359,702 | 2.76% |
| 1998 | $557,461,102,631 | 6.19% |
| 1997 | $523,449,530,464 | 7.2% |
| 1996 | $432,157,945,024 | 6.22% |
| 1995 | $380,157,469,867 | -5.91% |
| 1994 | $553,618,247,901 | 4.39% |
| 1993 | $530,160,763,663 | 2.87% |
| 1992 | $363,157,832,924 | 3.57% |
| 1991 | $313,139,656,146 | 3.98% |
| 1990 | $261,253,675,693 | 5.25% |
| 1989 | $221,403,098,267 | 3.63% |
| 1988 | $181,611,150,497 | 1.22% |
| 1987 | $147,542,558,209 | 2.06% |
| 1986 | $134,556,034,673 | -3.93% |
| 1985 | $195,241,069,482 | 1.92% |
| 1984 | $184,230,754,105 | 3.51% |
| 1983 | $156,167,000,433 | -4.62% |
| 1982 | $184,602,611,610 | -0.05% |
| 1981 | $263,797,827,860 | 9.59% |
| 1980 | $205,577,055,466 | 8.76% |
| 1979 | $134,531,900,899 | 9.7% |
| 1978 | $102,648,570,299 | 8.96% |
| 1977 | $81,912,018,784 | 3.39% |
| 1976 | $88,875,923,765 | 4.42% |
| 1975 | $88,000,000,000 | 5.74% |
| 1974 | $72,000,000,000 | 5.78% |
| 1973 | $55,280,000,000 | 7.86% |
| 1972 | $45,200,000,000 | 8.23% |
| 1971 | $39,200,000,000 | 3.76% |
| 1970 | $35,520,000,000 | 6.5% |
| 1969 | $32,480,000,000 | 3.42% |
| 1968 | $29,360,000,000 | 9.42% |
| 1967 | $26,560,000,000 | 5.85% |
| 1966 | $24,320,000,000 | 6.1% |
| 1965 | $21,840,000,000 | 7.1% |
| 1964 | $20,080,000,000 | 11.9% |
| 1963 | $16,960,000,000 | 8.11% |
| 1962 | $15,200,000,000 | 4.66% |
| 1961 | $14,160,000,000 | 5% |
| 1960 | $13,040,000,000 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/mexico | CC BY 
Mexico GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $14,186 | $26,185 |
| 2023 | $13,861 | $25,243 |
| 2022 | $11,406 | $23,135 |
| 2021 | $10,314 | $20,783 |
| 2020 | $8,841 | $19,354 |
| 2019 | $10,370 | $20,964 |
| 2018 | $10,085 | $20,921 |
| 2017 | $9,649 | $20,489 |
| 2016 | $9,098 | $20,105 |
| 2015 | $10,021 | $19,071 |
| 2014 | $11,391 | $18,821 |
| 2013 | $11,217 | $18,170 |
| 2012 | $10,744 | $18,005 |
| 2011 | $10,664 | $17,267 |
| 2010 | $9,729 | $15,909 |
| 2009 | $8,424 | $15,191 |
| 2008 | $10,524 | $15,681 |
| 2007 | $10,134 | $15,032 |
| 2006 | $9,513 | $14,540 |
| 2005 | $8,672 | $13,260 |
| 2004 | $7,850 | $12,658 |
| 2003 | $7,434 | $12,066 |
| 2002 | $7,983 | $11,762 |
| 2001 | $7,953 | $11,739 |
| 2000 | $7,524 | $11,705 |
| 1999 | $6,500 | $11,031 |
| 1998 | $5,833 | $10,756 |
| 1997 | $5,567 | $10,182 |
| 1996 | $4,674 | $9,496 |
| 1995 | $4,184 | $8,933 |
| 1994 | $6,202 | $9,466 |
| 1993 | $6,048 | $9,041 |
| 1992 | $4,221 | $9,470 |
| 1991 | $3,709 | $9,079 |
| 1990 | $3,154 | $8,578 |
| 1989 | $2,725 | - |
| 1988 | $2,279 | - |
| 1987 | $1,888 | - |
| 1986 | $1,757 | - |
| 1985 | $2,602 | - |
| 1984 | $2,506 | - |
| 1983 | $2,170 | - |
| 1982 | $2,621 | - |
| 1981 | $3,829 | - |
| 1980 | $3,055 | - |
| 1979 | $2,049 | - |
| 1978 | $1,604 | - |
| 1977 | $1,315 | - |
| 1976 | $1,465 | - |
| 1975 | $1,492 | - |
| 1974 | $1,256 | - |
| 1973 | $993 | - |
| 1972 | $837 | - |
| 1971 | $748 | - |
| 1970 | $699 | - |
| 1969 | $660 | - |
| 1968 | $616 | - |
| 1967 | $576 | - |
| 1966 | $545 | - |
| 1965 | $506 | - |
| 1964 | $481 | - |
| 1963 | $420 | - |
| 1962 | $388 | - |
| 1961 | $374 | - |
| 1960 | $355 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/mexico | CC BY
Mexico has a GDP per capita of $14,186, ranking 69/197, a GDP per capita based on purchasing power parity (PPP) of $26,185, ranking 80/197, and a median annual after tax income of $10,231, ranking 76/197.
Mexico GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 13 | 64 | 74 |
| 2023 | 13 | 68 | 73 |
| 2022 | 14 | 73 | 73 |
| 2021 | 15 | 71 | 73 |
| 2020 | 15 | 72 | 70 |
| 2019 | 15 | 71 | 70 |
| 2018 | 15 | 73 | 69 |
| 2017 | 15 | 75 | 68 |
| 2016 | 15 | 71 | 66 |
| 2015 | 14 | 67 | 68 |
| 2014 | 15 | 68 | 68 |
| 2013 | 15 | 69 | 70 |
| 2012 | 15 | 70 | 69 |
| 2011 | 15 | 68 | 69 |
| 2010 | 15 | 68 | 70 |
| 2009 | 14 | 68 | 70 |
| 2008 | 13 | 65 | 70 |
| 2007 | 14 | 62 | 67 |
| 2006 | 12 | 58 | 66 |
| 2005 | 11 | 56 | 63 |
| 2004 | 11 | 55 | 61 |
| 2003 | 10 | 54 | 61 |
| 2002 | 8 | 50 | 60 |
| 2001 | 8 | 49 | 56 |
| 2000 | 9 | 50 | 55 |
| 1999 | 10 | 51 | 54 |
| 1998 | 11 | 51 | 54 |
| 1997 | 12 | 53 | 54 |
| 1996 | 13 | 58 | 55 |
| 1995 | 14 | 59 | 54 |
| 1994 | 9 | 48 | 49 |
| 1993 | 8 | 48 | 50 |
| 1992 | 13 | 53 | 49 |
| 1991 | 15 | 54 | 49 |
| 1990 | 18 | 58 | 52 |
| 1989 | 16 | 58 | - |
| 1988 | 18 | 66 | - |
| 1987 | 18 | 70 | - |
| 1986 | 17 | 69 | - |
| 1985 | 11 | 56 | - |
| 1984 | 12 | 54 | - |
| 1983 | 14 | 60 | - |
| 1982 | 13 | 53 | - |
| 1981 | 8 | 43 | - |
| 1980 | 10 | 47 | - |
| 1979 | 14 | 51 | - |
| 1978 | 15 | 57 | - |
| 1977 | 16 | 61 | - |
| 1976 | 15 | 49 | - |
| 1975 | 14 | 47 | - |
| 1974 | 15 | 49 | - |
| 1973 | 15 | 51 | - |
| 1972 | 15 | 50 | - |
| 1971 | 15 | 52 | - |
| 1970 | 15 | 50 | - |
| 1969 | 15 | 39 | - |
| 1968 | 15 | 38 | - |
| 1967 | 15 | 40 | - |
| 1966 | 16 | 41 | - |
| 1965 | 16 | 40 | - |
| 1964 | 16 | 38 | - |
| 1963 | 16 | 40 | - |
| 1962 | 16 | 38 | - |
| 1961 | 16 | 37 | - |
| 1960 | 15 | 39 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/mexico | CC BY
Compared with 2000, in 2024 Mexico is ranked 13th out of 182 by GDP (down from 9th), 64th by GDP per capita (down from 50th), and 74th by GDP per capita PPP (down from 55th).
Economic indicators
Mexico
|
Rank | |
|---|---|---|
| Gross domestic product |
$1.86T
2024 |
13/197 |
| GDP growth |
1.43%
2023-2024 |
148/194 |
| GDP per capita |
$14,186
2024 |
69/197 |
| GDP per capita, PPP |
$26,185
2024 |
80/197 |
| Government debt |
$1.08T
2024 |
12/185 |
| Debt-to-GDP ratio |
58.3%
2024 |
84/185 |
| Government debt per person |
$8,272
2024 |
63/185 |
| Average annual personal income after taxes |
$10,231
2026 |
76/197 |
| Listed domestic companies |
129
2024 |
44/103 |
| Market capitalization of domestic companies |
$418B
2024 |
24/100 |
| Number of millionaires |
399,000
2025 |
20/35 |
| Millionaire frequency |
1 in 220
2025 |
26/35 |
| Number of billionaires |
22
2025 |
23/78 |
| Billionaire frequency |
1 in 3,983,718
2025 |
57/78 |
| Income share by richest 10% |
34.4%
2022 |
20/169 |
| Income share by poorest 10% |
2.1%
2022 |
132/169 |
| Government expenditure, % of GDP |
30.3%
2024 |
93/195 |
| Consumer prices inflation |
4.72%
2023-2024 |
56/195 |
| Central bank interest rate |
7%
2025 |
39/106 |
| Unemployment rate |
2.62%
2024 |
164/196 |
| Population |
133323134
|
11/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 30.3% | 58.3% | -5.73% |
| 2023 | 28.5% | 52.6% | -4.29% |
| 2022 | 28.5% | 53.8% | -4.32% |
| 2021 | 26.7% | 56.7% | -3.75% |
| 2020 | 27.8% | 58.5% | -4.29% |
| 2019 | 25.3% | 51.9% | -2.27% |
| 2018 | 25% | 52.2% | -2.14% |
| 2017 | 25% | 52.5% | -1.03% |
| 2016 | 26.5% | 55% | -2.68% |
| 2015 | 26.6% | 51% | -3.86% |
| 2014 | 26.9% | 47.1% | -4.37% |
| 2013 | 26.7% | 44.1% | -3.56% |
| 2012 | 27% | 40.8% | -3.57% |
| 2011 | 26.6% | 41.2% | -3.2% |
| 2010 | 26.5% | 40.2% | -3.8% |
| 2009 | 26.5% | 41.7% | -3.94% |
| 2008 | 26.5% | 40.6% | -0.68% |
| 2007 | 22.5% | 35.5% | -1.46% |
| 2006 | 21.6% | 35.8% | -1.23% |
| 2005 | 21.2% | 36.8% | -1.43% |
| 2004 | 20.5% | 38.9% | -1.35% |
| 2003 | 21.5% | 42.1% | -2.24% |
| 2002 | 19.8% | 39.9% | -2.18% |
| 2001 | 19.5% | 37.3% | -2.57% |
| 2000 | 19.4% | 38.5% | -2.69% |
| 1999 | 20.1% | 41.7% | -4.49% |
| 1998 | 19.5% | 39.7% | -4.49% |
| 1997 | 20.7% | 39.1% | -3.48% |
| 1996 | 20.8% | 42.5% | -3.66% |
| 1995 | 18.9% | 30.7% | -2.28% |
| 1994 | 18.9% | 26.8% | -2.25% |
| 1993 | 18.2% | 19.2% | -1.51% |
| 1992 | 19% | 21.5% | 2.26% |
| 1991 | 20.1% | 29.2% | 1.49% |
| 1990 | 22.9% | 35.7% | -3.11% |
| 1989 | 19.2% | 36% | -4.75% |
| 1988 | 23.6% | 36.5% | -8.76% |
| 1987 | 26.7% | 52.7% | -11.6% |
| 1986 | 25.1% | 47.8% | -11.2% |
| 1985 | 21.4% | 30.4% | -7.2% |
| 1984 | 19.8% | 25.2% | -5.79% |
| 1983 | 21.6% | 25.3% | -6.03% |
| 1982 | 24.7% | 29.8% | -11.4% |
| 1981 | 20.1% | 41.7% | -4.9% |
| 1980 | 17.5% | 31.4% | -1.75% |
| 1979 | 16.5% | 35.8% | -2.15% |
| 1978 | 15.7% | 39% | -1.88% |
| 1977 | 15.5% | 41.5% | -2.43% |
| 1976 | 15.5% | 31.3% | -3.14% |
| 1975 | 14.7% | 24.4% | -2.64% |
| 1974 | 13.8% | 21.7% | -3.33% |
| 1973 | 12.7% | 20% | -2.75% |
| 1972 | 11.9% | 17.9% | -2.3% |
| 1971 | 10.6% | 17% | -1.43% |
| 1970 | 10.9% | 17.1% | -1.71% |
| 1969 | 11.8% | 10.7% | -2.74% |
| 1968 | 10.9% | 7.85% | -2.06% |
| 1967 | 10.4% | 8.22% | -2.12% |
| 1966 | 11.6% | 5.14% | -3.2% |
| 1965 | 10.7% | 9.99% | -2.51% |
| 1964 | 9.21% | 6.22% | -1.44% |
| 1963 | 8.51% | 4.13% | -0.92% |
| 1962 | 8.26% | 4.2% | -0.79% |
| 1961 | 8.01% | 4.38% | -0.88% |
| 1960 | 9.5% | 4.58% | -1.36% |
| 1959 | 8.08% | 4.06% | -0.73% |
| 1958 | 8.77% | 4.1% | 0.24% |
| 1957 | 8.23% | 4.27% | -0.03% |
| 1956 | 8.42% | 4.52% | 0.52% |
| 1955 | 8.14% | 4.8% | 0.6% |
| 1954 | 9.62% | 4.91% | -0.94% |
| 1953 | 8.48% | 4.27% | -0.58% |
| 1952 | 9.94% | 4.4% | 0.42% |
| 1951 | 9.33% | 4.36% | -0.26% |
| 1950 | 8.78% | 5.9% | -0.2% |
| 1949 | 10.9% | 7.28% | 0.44% |
| 1948 | 8.38% | 7.23% | -1.55% |
| 1947 | 7.55% | 6.43% | -0.93% |
| 1946 | 6.55% | 5.93% | 0.66% |
| 1945 | 7.94% | 6.99% | -1.11% |
| 1944 | 8% | 6.39% | -1.12% |
| 1943 | 8.32% | 10.5% | 0.05% |
| 1942 | 7.91% | 20.8% | -0.93% |
| 1941 | 7.46% | 21.1% | -0.26% |
| 1940 | 7.39% | 21.7% | -0.4% |
| 1939 | 7.33% | 19.3% | -0.06% |
| 1938 | 6.92% | 20.4% | -0.91% |
| 1937 | 7.04% | 22.3% | -0.41% |
| 1936 | 7.59% | 26.7% | -0.39% |
| 1935 | 6.63% | 30.4% | 0.26% |
| 1934 | 6.38% | 32.2% | 0.72% |
| 1933 | 6.48% | 34.9% | -0.58% |
| 1932 | 6.61% | 37.6% | 0% |
| 1931 | 5.36% | 28.1% | 0.71% |
| 1930 | 5.98% | 24.6% | 0.21% |
| 1929 | 5.68% | 23% | 0.95% |
| 1928 | 5.74% | 21.6% | 0.24% |
| 1927 | 6.22% | 21.4% | -0.3% |
| 1926 | 5.94% | 17.2% | -0.29% |
| 1925 | 5.69% | 17.6% | 0.46% |
| 1924 | 4.55% | 35.1% | 1.34% |
| 1923 | 4.71% | 31% | 1.02% |
| 1922 | 4.97% | 33% | 1.13% |
| 1921 | 4.73% | 14.6% | 0.64% |
| 1920 | 4.11% | 14.7% | 0.91% |
| 1919 | 3.41% | 15.1% | 0.41% |
| 1918 | 3.55% | 15% | -0.19% |
| 1917 | 2.84% | 11.2% | 0.63% |
| 1916 | - | 11% | - |
| 1915 | - | 11.2% | - |
| 1914 | - | 11.3% | - |
| 1913 | 3.07% | 15.6% | 0.28% |
| 1912 | 4.45% | - | -0.79% |
| 1911 | 3.68% | - | -0.31% |
| 1910 | 3.65% | - | 0.1% |
| 1909 | 4.05% | - | 0.15% |
| 1908 | 4.32% | - | -0.08% |
| 1907 | 4.48% | - | 0.43% |
| 1906 | 4.6% | - | 0.72% |
| 1905 | 4.36% | - | 0.35% |
| 1904 | 5.94% | - | 1.09% |
| 1903 | 6.46% | - | 3.82% |
| 1902 | 4.43% | - | 0.42% |
| 1901 | 3.83% | - | 0.62% |
| 1900 | 4.71% | - | 0.76% |
Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/mexico | CC BY
This chart shows Mexico's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Mexico recorded a fiscal deficit in 48 of them, with an average annual deficit equal to 3.6% of GDP. In 2024, government spending reached $563B (30.3% of GDP), with a deficit of 5.73%.
The national debt reached $1.08T, ranking 12th out of 185 countries by total size, with a debt-to-GDP ratio of 58.3%, ranking 84th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 4.72% |
| 2023 | 5.53% |
| 2022 | 7.9% |
| 2021 | 5.69% |
| 2020 | 3.4% |
| 2019 | 3.64% |
| 2018 | 4.9% |
| 2017 | 6.04% |
| 2016 | 2.82% |
| 2015 | 2.72% |
| 2014 | 4.02% |
| 2013 | 3.81% |
| 2012 | 4.11% |
| 2011 | 3.41% |
| 2010 | 4.16% |
| 2009 | 5.3% |
| 2008 | 5.12% |
| 2007 | 3.97% |
| 2006 | 3.63% |
| 2005 | 3.99% |
| 2004 | 4.69% |
| 2003 | 4.55% |
| 2002 | 5.03% |
| 2001 | 6.37% |
| 2000 | 9.49% |
| 1999 | 16.6% |
| 1998 | 15.9% |
| 1997 | 20.6% |
| 1996 | 34.4% |
| 1995 | 35% |
| 1994 | 6.97% |
| 1993 | 9.75% |
| 1992 | 15.5% |
| 1991 | 22.7% |
| 1990 | 26.7% |
| 1989 | 20% |
| 1988 | 114.2% |
| 1987 | 131.8% |
| 1986 | 86.2% |
| 1985 | 57.7% |
| 1984 | 65.4% |
| 1983 | 101.9% |
| 1982 | 58.9% |
| 1981 | 27.9% |
| 1980 | 26.4% |
| 1979 | 18.2% |
| 1978 | 17.5% |
| 1977 | 29.1% |
| 1976 | 15.8% |
| 1975 | 14.9% |
| 1974 | 23.8% |
| 1973 | 12.1% |
| 1972 | 4.94% |
| 1971 | 5.47% |
| 1970 | 5% |
| 1969 | 3.37% |
| 1968 | 2.33% |
| 1967 | 3.02% |
| 1966 | 4.22% |
| 1965 | 3.57% |
| 1964 | 2.34% |
| 1963 | 0.59% |
| 1962 | 1.2% |
| 1961 | 1.61% |
| 1960 | 4.93% |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/mexico | CC BY
Over the past 20 years, Mexico has had an average annual inflation rate of 4.44%. In 2024, inflation was 4.72%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Mexico
|
Rank | |
|---|---|---|
|
Current account balance
|
-$16.7B
2024 |
181/190 |
| Current account balance, % of GDP |
-0.9%
2024 |
89/190 |
| Goods imports |
$637B
2024 |
8/189 |
| Goods exports |
$618B
2024 |
9/189 |
| Service imports |
$72B
2024 |
28/189 |
| Service exports |
$63B
2024 |
27/189 |
| Imports of goods and services, % of GDP |
37.9%
2024 |
107/181 |
| Exports of goods and services, % of GDP |
36.7%
2024 |
90/193 |
Mexico top 10 trading partners
Mexico's biggest trading partner accounting for 63.3% of all exports and imports is the United States, with a trade balance between the two of +$251B: Mexico exports $503B worth of goods and services to the United States and imports $252B.
Below is the list of the top 10 trade partners of Mexico.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
United States
|
$755B | 63.3% | $503B | $252B | Machinery & equipment | Machinery & equipment |
| 2 |
China
|
$139B | 11.6% | $9.08B | $130B | Raw materials & minerals | Machinery & equipment |
| 3 |
Canada
|
$31.5B | 2.64% | $18.6B | $12.9B | Machinery & equipment | Machinery & equipment |
| 4 |
Germany
|
$28.5B | 2.39% | $7.13B | $21.4B | Machinery & equipment | Machinery & equipment |
| 5 |
South Korea
|
$27B | 2.27% | $4.07B | $23B | Raw materials & minerals | Machinery & equipment |
| 6 |
Japan
|
$23.5B | 1.97% | $4.26B | $19.2B | Machinery & equipment | Machinery & equipment |
| 7 |
Brazil
|
$16.4B | 1.38% | $4.74B | $11.7B | Machinery & equipment | Machinery & equipment |
| 8 |
Vietnam
|
$15.3B | 1.28% | $337M | $14.9B | Machinery & equipment | Machinery & equipment |
| 9 |
Malaysia
|
$13.8B | 1.16% | $551M | $13.3B | Machinery & equipment | Machinery & equipment |
| 10 |
Thailand
|
$11.2B | 0.94% | $402M | $10.8B | Machinery & equipment | Machinery & equipment |
Top 10 exports
|
Mexico
|
Rank | |
|---|---|---|
| Machinery & equipment | $413B | 6/193 |
| Raw materials & minerals | $46.7B | 25/193 |
| Transport & tourism services | $39.8B | 22/188 |
| Textiles & consumer goods | $32B | 13/193 |
| Processed food, beverages & tobacco | $26.2B | 14/192 |
| Chemicals & pharma | $25B | 24/193 |
| Metals | $23.3B | 19/192 |
| Raw agricultural goods | $22.3B | 8/193 |
| Business & finance services | $13.4B | 28/188 |
| Miscellaneous | $11.2B | 13/191 |
Top 10 imports
|
Mexico
|
Rank | |
|---|---|---|
| Machinery & equipment | $328B | 4/193 |
| Chemicals & pharma | $70.9B | 11/193 |
| Metals | $52B | 5/193 |
| Raw materials & minerals | $47.9B | 21/193 |
| Transport & tourism services | $38.7B | 20/188 |
| Textiles & consumer goods | $33.6B | 13/193 |
| Miscellaneous | $33.2B | 4/193 |
| Business & finance services | $23.7B | 21/188 |
| Raw agricultural goods | $18.2B | 10/193 |
| Processed food, beverages & tobacco | $15.2B | 15/193 |
Economic freedom indices
|
Mexico
|
Rank | |
|---|---|---|
| Economic freedom | 59.8 | 102/197 |
| Property rights | 37.6 | 130/182 |
| Government integrity | 28.8 | 131/182 |
| Judicial effectiveness | 40.4 | 103/182 |
| Tax burden | 75.4 | 118/182 |
| Government spending | 74.6 | 87/180 |
| Fiscal health | 56.7 | 125/181 |
| Business freedom | 67 | 88/182 |
| Labor freedom | 57.3 | 74/182 |
| Monetary freedom | 70.6 | 129/180 |
| Trade freedom | 74.2 | 78/181 |
| Investment freedom | 75 | 22/181 |
| Financial freedom | 60 | 53/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 59.8 | 40.4 | 75.4 | 74.6 | 56.7 |
| 2025 | 61.3 | 39.9 | 75.6 | 76.5 | 67.3 |
| 2024 | 62 | 39.4 | 76 | 77 | 66.9 |
| 2023 | 63.2 | 30.8 | 75.5 | 77.8 | 73.6 |
| 2022 | 63.7 | 40.7 | 76 | 78.3 | 78 |
| 2021 | 65.5 | 35.9 | 76.1 | 79.8 | 88.7 |
| 2020 | 66 | 34.7 | 76.1 | 79.3 | 87.5 |
| 2019 | 64.7 | 34.9 | 75.8 | 78.2 | 83.2 |
| 2018 | 64.8 | 39 | 75.7 | 78.1 | 69.8 |
| 2017 | 63.6 | 38.7 | 74.9 | 76.7 | 66.8 |
| 2016 | 65.2 | - | 74.9 | 76.4 | - |
| 2015 | 66.4 | - | 77.8 | 78 | - |
| 2014 | 66.8 | - | 80.9 | 78.9 | - |
| 2013 | 67 | - | 81.1 | 79.4 | - |
| 2012 | 65.3 | - | 80.7 | 78.3 | - |
| 2011 | 67.8 | - | 81.3 | 83.1 | - |
| 2010 | 68.3 | - | 83.5 | 85.2 | - |
| 2009 | 65.8 | - | 83.4 | 81.8 | - |
| 2008 | 66.2 | - | 83.4 | 83.7 | - |
| 2007 | 66 | - | 82.2 | 83.4 | - |
| 2006 | 64.7 | - | 78.4 | 82.1 | - |
| 2005 | 65.2 | - | 74.9 | 83.7 | - |
| 2004 | 66 | - | 73.3 | 83.1 | - |
| 2003 | 65.3 | - | 68.3 | 84.7 | - |
| 2002 | 63 | - | 68.8 | 85.5 | - |
| 2001 | 60.6 | - | 69 | 85.5 | - |
| 2000 | 59.3 | - | 73.1 | 92.3 | - |
| 1999 | 58.5 | - | 73.4 | 86.3 | - |
| 1998 | 57.9 | - | 73.4 | 80.9 | - |
| 1997 | 57.1 | - | 73.2 | 82.7 | - |
| 1996 | 61.2 | - | 73.1 | 93.1 | - |
| 1995 | 63.1 | - | 72.4 | 86.8 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).
GeoRank.org/economy/mexico | CC BY
Mexico is ranked 90/174 for economic freedom with a score of 59.8, compared to 46/162 and a score of 64.7 in 2006.
Other economic metrics
|
Mexico
|
Rank | |
|---|---|---|
| Services, % of GDP |
58.1%
2024 |
87/191 |
| Industry, % of GDP |
31.8%
2024 |
50/194 |
| Agriculture, forestry, and fishing, % of GDP |
3.72%
2024 |
121/193 |
|
GNI, Atlas method
|
$1.68T
2024 |
14/194 |
| GNI per capita, PPP |
$25,460
2024 |
75/191 |
| Total reserves including gold |
$232B
2024 |
16/177 |
|
Net foreign direct investment
|
-$32.3B
2024 |
185/189 |
|
Net inflows of foreign direct investment
|
$45.5B
2024 |
11/193 |
|
Net outflows of foreign direct investment
|
$13B
2024 |
23/193 |
|
Servicing debt to the IMF, % of GNI
|
3.71%
2024 |
66/121 |
| Poverty at national poverty lines |
29.6%
2024 |
59/176 |
|
Gross capital formation, % of GDP
|
24.1%
2024 |
79/178 |
Compare Mexico vs other countries
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/mexico | CC BY
Help us show the world through your eyes
Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.
Data sources:
- World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-02-20)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2023–2024, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.