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) $2,428,201,163,271 (2020)
GDP Growth Rate (annual %) -8.239% (2020)
GDP Per Capita, PPP (current international) $18,833 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 12/197 (2020)

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 %) 3.397% (2020)
External debt stocks, total (DOD, current US$) $469,728,739,351 (2019)
Total tax rate (% of commercial profits) 55.1% (2019)
Real Interest Rate (5 year average %) 3.155% (2020)
Manufacturing, value added (% of GDP) 17.198% (2020)
Current Account Balance (BoP, current US$) $26,570,569,528 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 53,978,977 (2020)
Employment in Agriculture (% of total employment) 12.438% (2020)
Employment in Industry (% of total employment) 26.189% (2020)
Employment in Services (% of total employment) 61.373% (2020)
Unemployment Rate 4.71% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $407,763,047,576 (2020)
Exports of goods and services (current US$) $431,451,881,892 (2020)
Total Merchandise Trade (% of GDP) 75.353% (2020)
FDI, net inflows (BoP, current US$) $29,375,485,438 (2019)
Commercial Service Exports (current US$) $16,936,977,954 (2020)
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