Includes historical data for Mexico’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
A Top Emerging Market For FDI
Mexico, the 11th largest economy globally, benefits from its strategic location and preferential access to the United States, a large domestic market, and an increasingly skilled, inexpensive workforce. An attractive destination for foreign investors, Mexico is one of the top recipients of FDI among emerging markets. Its appeal is enhanced by the government’s prudent fiscal policies and membership in the United States-Mexico-Canada Agreement (USMCA).
However, challenges persist. Structural issues such as high inequality, weak rule of law and security concerns, along with the dominance of the informal sector, hinder economic progress. Mexico also faces concerns regarding its high dependence on the U.S. economy, inadequate transportation, health and education infrastructure, as well as a narrow tax base, with tax revenues representing less than 20% of GDP.
Macroeconomy & Sovereign Data
| Type of Government | Federal presidential republic |
|---|---|
| Capital | Mexico City |
| Sovereign Ratings |
S&P: BBB Moody’s: Baa2 Fitch: BBB– |
| Total Population | 132.3 million |
| Median Age | 30.2 |
| Adult Per Capita Income (PPP) | 27,671.79 |
| Total GDP (2023) | 2.0 trillion |
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Trade & Investment
| Total Exports | USD 555.6 billion (2023) |
|---|---|
| Leading Exports |
Cars And Vehicle Parts Computers Delivery Trucks Crude Petroleum Video Displays Insulated Wiring |
| Total Imports | USD 605.8 billion (2022) |
| Leading Imports |
Integrated Circuits Refined Petroleum Cars And Vehicle Parts Office Machinery/Parts Telephones |
| Source: | World Integrated Trade Solution |
Mexico Leading Companies
| Grupo Financiero Banorte | Financials |
|---|---|
| Banco Mercantil del Norte | Financials |
| Banco Nacional de Obras y Servicios Públicos (Banobras) | Financials |
| América Móvil | Communication Services |
| Cemex | Materials, Cement |
| Pemex | Oil & Gas Exploration & Production |
Major Trade Partners — Import
| United States | 44% |
|---|---|
| China | 20% |
| South Korea | 4% |
| Germany | 3% |
| Japan | 3% |
Major Trade Partners — Export
| United States | 78% |
|---|---|
| Unspecificied | 5% |
| Canada | 3% |
| China | 2% |
| Other Asia, unspecified | 2% |
Global Finance Rankings & Awards
Data Sources:
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