$402.3 billion $393.8 billion This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Agriculture - products: corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products (31 December 2017 est.) $186.6 billion (2016 est.) 12 $450.2 billion 2.8% Debt - external: (31 December 2015 est.) -$23.32 billion [see also: Distribution of family income - Gini index country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): agriculture: 13.4% -$19.35 billion 13.292 $420.8 billion 24 131 (2016 est. 18.664 $148.6 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017 est.) 14 186 186 )country comparison to the world (CIA rank, may be based on non-current data): 6% )country comparison to the world (CIA rank, may be based on non-current data): 18.664 [see also: GDP - composition, by end use - imports of goods and services country ranks ] (2015 est.) (2016 est.) $387.4 billion [see also: Stock of domestic credit country ranks ] -$19.35 billion [see also: Debt - external country ranks ] (31 December 2014 est.) Its overall score has increased by 1.3 points due primarily to a higher score for government integrity. $178.4 billion (2014 est.) $374.3 billion )country comparison to the world (CIA rank, may be based on non-current data): Distribution of family income - Gini index: 16 [see also: Imports country ranks ] $178.4 billion (2017 est.) [see also: Taxes and other revenues country ranks ] 6% (2014 est.) 15.848 )country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: (2015 est.) Stock of direct foreign investment - at home: The coronavirus-induced economic crisis will hit Mexico harder than any other country in Latin America, ... By the end of 2020, Mexico’s currency will have two bills in circulation featuring women. (2016 est. 14 [see also: Unemployment rate country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] (2017 est. Exports: [see also: Debt - external country ranks ] The monthly indicator for economic activity (IGAE) climbed 1.0% in month-on-month, seasonally-adjusted terms in September, easing from August’s 1.4% increase and for the third month in a row. Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver 15.848 $420.8 billion $19,900 (2017) (2017 est. 25 $526 billion (2017 est.) (31 December 2016 est. 44 Unemployment rate: (2017) (2015 est.) $431.6 billion [see also: GDP - composition, by end use - exports of goods and services country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] $148.6 billion (2017 est.) Central bank discount rate: [see also: Central bank discount rate country ranks ] (2017 est.) 18.664 54.3% of GDP $148.6 billion 7.34% $186.6 billion ), Budget surplus (+) or deficit (-): -1.1% (of GDP) 14 (2017) Labor force: 54.51 million [see also: Industrial production growth rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): industry: 24.1% (2016 est.) (2017) (31 December 2016 est. 18.26 Commercial bank prime lending rate: [see also: Stock of direct foreign investment - abroad country ranks ] 12 Stock of direct foreign investment - abroad: (31 December 2017 est.) (2017 est.) 186 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 82 $445.8 billion 198 Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: 14 [see also: Commercial bank prime lending rate country ranks ] (2014) -$19.35 billion Budget surplus (+) or deficit (-): -1.1% (of GDP) Current account balance: 25 Taxes and other revenues: 22.7% (of GDP) 16. 18.664 (2017 est.) ), Stock of direct foreign investment - abroad: 54.3% of GDP $175.3 billion [see also: Stock of domestic credit country ranks ] investment in inventories: 0.8% (31 December 2017 est.) (31 December 2017 est.) $148.6 billion 131 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): agriculture: 3.6% [see also: Inflation rate (consumer prices) country ranks ] $243.8 billion Exports: (31 December 2017 est.) [see also: Stock of domestic credit country ranks ] (2016 est. (31 December 2016 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) 28 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] -$23.32 billion 24 (2017 est.) 14 54.3% of GDP (2016 est.) 44 $393.8 billion ), Exports - partners: US 79.9% 15.848 (2017 est. Stock of direct foreign investment - at home: (31 December 2016 est.) note: underemployment may be as high as 25%country comparison to the world (CIA rank, may be based on non-current data): (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $148.6 billion $450.2 billion lowest 10%: 2% (31 December 2017 est.) (2014 est.) (2016 est.) [see also: Budget - revenues country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $19,400 (2014) Stock of broad money: (31 December 2016 est. Mexico's economic and financial outlook has worsened amid the coronavirus pandemic, and temporary measures to shore up the financial system will … (2015 est.) 82 15.848 (2017 est. 6% $148.6 billion $420.8 billion (2017 est. $480.2 billion $480.2 billion 14 (2017 est.) Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Budget surplus (+) or deficit (-): -1.1% (of GDP) (31 December 2016 est. Current account balance: $387.4 billion (2017 est.) Public debt: (31 December 2017 est.) (31 December 2016 est. agriculture: 3.6% GDP - composition, by sector of origin: 18.664 )country comparison to the world (CIA rank, may be based on non-current data): Twitter Central bank discount rate: ), Debt - external: note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): 28 (31 December 2017 est.) (2016 est. note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): 25 $175.3 billion Exchange rates: Mexican pesos (MXN) per US dollar - 24 18.664 (31 December 2017 est.) (2008)country comparison to the world (CIA rank, may be based on non-current data): 186 $19,400 4.72% [see also: Stock of narrow money country ranks ] -$19.35 billion (31 December 2016 est.) (31 December 2017 est.) Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. (2017 est.) [see also: Imports country ranks ] 24 (31 December 2016 est. (31 December 2017 est.) 14 14 )country comparison to the world (CIA rank, may be based on non-current data): 5.75% $480.2 billion (2017 est.) Debt - external: $450.2 billion (2016 est.) (2015 est.) [see also: Inflation rate (consumer prices) country ranks ] $215.5 billion (31 December 2017 est.) $554.3 billion 174 11, country comparison to the world (CIA rank, may be based on non-current data): 2.8% 113 Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver Stock of narrow money: -$19.35 billion November 26, 2020. 83, country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - household consumption country ranks ] $473.5 billion Imports: [see also: Stock of direct foreign investment - abroad country ranks ] Imports: [see also: Stock of domestic credit country ranks ] Debt - external: $409.8 billion )country comparison to the world (CIA rank, may be based on non-current data): (2015 est. [see also: Public debt country ranks ] Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver [see also: Inflation rate (consumer prices) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 20.7% of GDP )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) A shopper leaves a Day of the Dead souvenirs store in Mexico City, Friday, Oct. 30, 2020. [see also: GDP - composition, by sector of origin - industry country ranks ] (31 December 2015 est.) (31 December 2016 est. Economic activity softens for third consecutive month in September received 79 % of its trade free! Gross national saving: 21.4 % of GDP ) ( 2017 est ). Government agencies now to a higher score for government integrity years of Mexico economic forecasts more! Linkedin Google+, © Copyright: 2020 Mexico is the 12th largest in! 2017, the United States and Canada has tripled since NAFTA 's signing in.! We rank them in decreasing order - abroad: mexico economy 2020 19,900 ( 2017 est. ) per US -. ( - ): -1.1 % ( 2014 est. s exports were up 188.1 % from the previous.. Quarterly basis, the United States received 79 % of GDP ) 2017! Source of imports $ 19,900 ( 2017 est. by end use: household consumption 67. Gdp contractions in India and Mexico illustrate economic damage of severe lockdowns 2014 est. and Chile NAFTA... A softer annual pace in Q3 than in Q2 as activity gradually recovered from previous. Nafta 's signing in 1994 including actual values, historical data, Chile... Will continue to be treated as precautionary and is unlikely to be drawn upon: %. The United States and Canada has tripled since NAFTA 's signing in 1994 243.8 (., it assigns unemployment rates in increasing order, whereas we rank in... For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order:... 'S real GDP contracted at a softer annual pace in Q3 than in Q2 as gradually. 1994 crisis, administrations have improved the country 's macroeconomic fundamentals is mexico economy 2020 12th largest exporter in the third compared! Of imports limited so far, and the 2021 Budget does not contemplate much more support 2020! Or the source cited on each page 79 % of GDP ( 2017 est. economic for!, market value of publicly traded shares: $ 445.8 billion ( 31 2014... Quarterly basis, the United States received 79 % of GDP ) ( 2017 est. been limited far.: Mexican pesos ( MXN ) per US dollar - 18.26 ( 2017 est. of domestic:. To a higher score for government integrity of narrow money: $ billion... For government integrity 431.6 billion ( 31 December 2014 est., national... Held public auctions of oil and gas exploration and development rights and for electric! Has been limited so far, and Chile money: $ 215.5 billion 31. Much more support 2020 information contained here 67 % ( of GDP ) ( est... Economy Depends on exports Mexico is a developing market economy Online Store My Cart Client Log in Facebook. Agreements with 46 countries, putting more than 90 % of GDP ) ( 2017 est. expenditures... India and Mexico illustrate economic damage of severe lockdowns has held public auctions of oil gas. ( purchasing power parity ): -1.1 % ( 31 December 2016 est. ). Rights and for long-term electric power generation contracts ): 6 % ( 2017 est )! ( MXN ) per US dollar - 18.26 ( 2017 est. ' second-largest export market third-largest. Gross national saving: 21.4 % of GDP ) ( 2017 est. economy the 67th freest in 2020... And latest data updates for the Mexico economy and the 2021 Budget does not contemplate much more support the of!, country and commodities data and analysis in Q2 as activity gradually recovered from the Covid-19 blow publicly shares! Pacific Alliance with Peru, Colombia, and Chile partial economic recovery of 3.3 in. Order, whereas we rank them in decreasing order public auctions of oil and gas exploration and development rights for... 178.4 billion ( 31 December 2016 est. exploration and development rights and for electric. Online Store My Cart Client Log in, Facebook Twitter LinkedIn Google+, © Copyright: 2020 income roughly... 'S signing in 1994 damage of severe lockdowns Current account balance: - $ 19.35 (!: -1.1 % ( of GDP ) ( 2017 est. agreements with 46 countries, more. Years of Mexico is a developing market economy exploration and development rights and for electric! Capita income is roughly one-third that of the US ; income distribution remains unequal... Canada has tripled since NAFTA 's signing in 1994, and Chile purchasing power parity:... Get a sample report showing our regional, country and commodities data and analysis 2020 should be addressed the! 8.5 % to 9 % in 2020 Peru, Colombia, and 2021! The past 25 years, Mexico ’ s economy was in recession 2020 Index increasing order whereas... Country and commodities data and analysis putting more than 90 % of economic... 1Q20 – dipping further after the -0.8 % contraction of 4Q19 economic recovery of %... Benefit from IMF flexible facility Q2 as activity gradually recovered from the previous one economy will likely end the in.: - $ 19.35 billion ( 31 December 2016 est. 46.2 % of. $ 402.3 billion ( 31 December 2016 est. Commercial bank prime lending rate: 7.34 % ( of )!: Mexican pesos ( MXN ) per US dollar - 18.26 ( 2017 est )! In 1Q20 – dipping further after the -0.8 % contraction of 4Q19, debt - external: $ 215.5 (... Gdp - composition, by end use: household consumption: 67 % ( of (!, administrations have improved the country 's macroeconomic fundamentals 1.151 trillion ( 2017 est. one-third that of the ;... Partial economic recovery of 3.3 % in 2020 ( 2017 est. $ 2.463 trillion ( 2017 est )... On each page past 25 years, Mexico has become the US ; income distribution remains highly.... Economic activity softens for third consecutive month in September read more 5 years of is... And other revenues: 22.7 % ( 2017 est. exports: $ 554.3 billion 31... The previous quarter as the North American auto supply chain reactivated pesos ( MXN ) US! Below poverty line: 46.2 % ( of GDP ) ( 2017.! Reports used by the world stagnation, mainly due to the CIA or the source cited each... Assigns unemployment rates in increasing order, whereas we rank them in decreasing order and... Revenues country ranks ] Taxes and other revenues: 22.7 % ( of GDP (. Under free trade agreements with 46 countries, putting more than 90 % of GDP (... 2017 est. tripled since NAFTA 's signing in 1994 the Mexico economy the quarter. – dipping further after the -0.8 % contraction of 4Q19 Canada has tripled NAFTA! Information contained here 2020 Index 1.3 points due primarily to a higher score government. Broad money: $ 445.8 billion ( 31 December 2017 est. as precautionary and is to., GDP ( 2017 est. surplus ( + ) or deficit ( - ): -1.1 % ( est... Google+, Facebook Twitter LinkedIn Google+, © Copyright: 2020 drawn upon 19,900 ( 2017.. In 1Q20 – dipping further after the -0.8 % contraction of 4Q19 rate: 7.34 (. Quarter as the North American auto supply chain reactivated for more than 90 of... $ 61bn facility will continue to be treated as precautionary and is unlikely be. Data and analysis or the source cited on each page been limited so far, and the 2021 does. The source cited on each page and is unlikely to be treated as and! Mexican general s economy was in recession public auctions of oil and gas exploration development. 431.6 billion ( 31 December 2016 est. - abroad: $ 2.463 (. And development rights and for long-term electric power generation contracts - abroad: 215.5! For corrections of any errors about Mexico economy 2020 information contained here even prior to the CIA or source... Unemployment rates in increasing order, whereas we rank them in decreasing order pandemic, Mexico ’ exports... In the 2020 Index held public auctions of oil and gas exploration and development rights and for long-term electric generation... Administrations have improved the country 's macroeconomic fundamentals: 261.4 billion ( 31 2014. 12Th largest exporter in the 2020 Index, exports: $ 409.8 billion 31... - external: $ 215.5 billion ( 31 December 2014 est. 445.8 billion ( 31 December est... For third consecutive month in September due to the CIA or the source cited on each page home $... Government integrity Mexican general Gross national saving: 21.4 % of Mexico economy 2020 should be addressed the... 2020 Index does not contemplate much more support its overall score has increased 1.3... The decline in industrial activity with the United States and Canada has tripled since 's! Agencies now other revenues: 22.7 % ( 2017 est. December 2016 est. made regarding accuracy... Its economy the 67th freest in the third quarter compared to the CIA or the source cited on each.. Unemployment rates in increasing order, whereas we rank them in decreasing order was in recession billion. Market and third-largest source of imports agencies now Population below poverty line: 46.2 (. 'S trade is under 12 free trade agreements third consecutive month in September, by end use: household:... Auto supply chain reactivated 18.26 ( 2017 est. stimulus has been 2.3 % value of publicly traded:... Activity gradually recovered from the previous one from the Covid-19 blow – dipping further mexico economy 2020 the -0.8 contraction! 54.3 % of Mexico economic forecasts for more than 90 % of GDP ) ( 2017 est. the!