Mexico: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Mexico has free trade agreements with over 50 countries including Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan - putting more than 90% of trade under free trade agreements. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): United States, China, and Germany |
| Top Industries Source: CIA World Factbook | Food and Beverages; Tobacco; Chemicals; Iron and Steel |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $2,742,903,105,037 (2022) |
| GDP Growth Rate (annual %) | 3.062% (2022) |
| GDP Per Capita, PPP (current international) | $21,512 (2022) |
GDP Country Rank 13/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 7.896% (2022) |
| External debt stocks, total (DOD, current US$) | $605,699,577,898 (2021) |
| Total tax rate (% of commercial profits) | 55.1% (2019) |
| Real Interest Rate (5 year average %) | 1.072% (2022) |
| Manufacturing, value added (% of GDP) | 18.786% (2022) |
| Current Account Balance (BoP, current US$) | ($13,423,482,577) (2022) |
Labor and Employment [1]
| Labor Force, Total | 58,701,105 (2022) |
| Employment in Agriculture (% of total employment) | 12.333% (2021) |
| Employment in Industry (% of total employment) | 25.643% (2021) |
| Employment in Services (% of total employment) | 62.024% (2021) |
| Unemployment Rate | 3.308% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $652,321,610,992 (2022) |
| Exports of goods and services (current US$) | $613,108,037,770 (2022) |
| Total Merchandise Trade (% of GDP) | 85.174% (2022) |
| FDI, net inflows (BoP, current US$) | $38,931,993,836 (2022) |
| Commercial Service Exports (current US$) | $47,686,882,743 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Mexico’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.