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.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): United States, China, and Germany
Top 3 Exported Goods (2019): Motor Vehicles & Parts, Industrial Machinery, and Electrical Machinery

Top Industries Source: CIA World Factbook

Food and Beverages; Tobacco; Chemicals; Iron and Steel

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $2,573,847,595,048 (2018)
GDP Growth Rate (annual %) 2.136% (2018)
GDP Per Capita, PPP (current international) $20,396 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 12/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.636% (2019)
External debt stocks, total (DOD, current US$) $452,991,160,482 (2018)
Total tax rate (% of commercial profits) 55.1% (2019)
Real Interest Rate (5 year average %) 2.967% (2018)
Manufacturing, value added (% of GDP) 17.322% (2018)
Current Account Balance (BoP, current US$) ($4,350,637,067) (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 57,142,356 (2019)
Employment in Agriculture (% of total employment) 12.609% (2019)
Employment in Industry (% of total employment) 26.144% (2019)
Employment in Services (% of total employment) 61.247% (2019)
Unemployment Rate 3.425% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $502,427,887,738 (2018)
Exports of goods and services (current US$) $479,604,350,379 (2018)
Total Merchandise Trade (% of GDP) 75.959% (2018)
FDI, net inflows (BoP, current US$) $28,881,549,027 (2019)
Commercial Service Exports (current US$) $28,579,187,090 (2018)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank