The Gross Domestic Product (GDP) in Mexico was worth 1789.11 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Mexico represents 1.70 percent of the world economy. This dataset provides - Mexico GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows Mexico’s GDP from 1987 to 2024, with projections up until 2030. In 2024, Mexico’s GDP amounted to approximately 1.85 trillion U.S. dollars.Economy of MexicoGDP is an indicator primarily used to gauge the state and health of a national economy. GDP is the total market value of all final goods and services that have been produced within national borders in a given period of time, usually a year. GDP gives us an insight into a country’s economic development over a period of time, how its development fits in with international shifts and how it is affected by the factors that affect market economies.The demand among some segments of the Chinese workforce for fairer payment, coupled with higher transportations costs, have been key factors in increasing the competitiveness of Mexican manufacturing, with some suggestions being made that it is already cheaper than China for the many industries that serve the lucrative United States market. The Mexican economy is, however, far from trouble-free. And although the gross domestic product in Mexico has been increasing, it is showing that it is struggling to match up to the fast pace of growth and prosperity being seen in some of the BRIC countries, as well as the usual suspects of economic success, the United States, Canada and others.Inequality in Mexico remains a huge problem. The education system in the federation’s thirty-one states is in dire need of reform, and in some of the states, especially in those closest to the US border, brutal criminal drug lords'rule. It is important for Mexicans that they embrace the opportunity that they find themselves presented with at present and harness the energy of their large population , the newly arrived foreigners and their educated youth, in order to provide the country with the future prosperity that it most desperately needs.

The Gross Domestic Product per capita in Mexico was last recorded at 10241.89 US dollars in 2023. The GDP per Capita in Mexico is equivalent to 81 percent of the world's average. This dataset provides - Mexico GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP (current US$) in Mexico was reported at 1789114434843 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Mexico GDP Per Capita

• Mexico Gross Domestic Product (GDP) per Capita reached 10,934.885 USD in Dec 2022, compared with 9,922.196 USD in Dec 2021.
• Mexico GDP Per Capita data is updated yearly, available from Dec 1993 to Dec 2022, with an average number of 8,735.460 USD.
• The data reached an all-time high of 11,021.981 USD in Dec 2014 and a record low of 3,937.430 in Dec 1995.
• CEIC calculates GDP per Capita from quarterly de-annualised Nominal GDP and annual Population and converts it into USD. The National Institute of Statistics and Geography provides annualised Nominal GDP in local currency. National Population Council provides Population. Federal Reserve Board average market exchange rate is used for currency conversions.

Related information about Mexico GDP Per Capita data

• In the latest reports, Mexico GDP expanded 3.667 % YoY in Mar 2023.
• Mexico Nominal GDP reached 397.471 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.278 % in Mar 2023.
• Gross Savings Rate of Mexico was measured at 20.186 % in Dec 2022.

The gross domestic product (GDP) per capita in Mexico lies at approximately 12.69 thousand U.S. dollars in 2025.Fluctuating rise between 1980 and 2025A comparison to the earliest shown observation from 1980 reveals a total increase by approximately 9.13 thousand U.S. dollars. The trajectory from 1980 to 2025 shows however that this increase did not happen continuously.Continuous rise between 2025 and 2030The GDP per capita will stand at around 15.59 thousand U.S. dollars in 2030, according to forecasts. There is an overall increase by approximately 2.90 thousand U.S. dollars since 2025. This growth reflects a steady upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Mexico: GDP per capita, Purchasing Power Parity: The latest value from 2023 is 21880 U.S. dollars, an increase from 21388 U.S. dollars in 2022. In comparison, the world average is 26826 U.S. dollars, based on data from 183 countries. Historically, the average for Mexico from 1990 to 2023 is 20005 U.S. dollars. The minimum value, 17028 U.S. dollars, was reached in 1995 while the maximum of 21998 U.S. dollars was recorded in 2018.

The gross domestic product (GDP) by fiscal year in Mexico stands at approximately 2.09 trillion U.S. dollars in 2025.Fluctuating rise between 1980 and 2025A total increase by approximately 2.09 trillion U.S. dollars can be observed between 1980 and 2025. The data emphasizes however that this increase did not happen continuously.Continuous rise between 2025 and 2030In 2030 the GDP will stand at roughly 2.77 trillion U.S. dollars, according to forecasts. This indicates an overall increase by approximately 679.72 billion U.S. dollars since 2025. This growth reflects a steady upward trend.

The Gross Domestic Product (GDP) in Mexico expanded 0.80 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP per capita (current US$) in Mexico was reported at 13790 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Mexico Government Debt: % of GDP

• Mexico Government debt accounted for 47.7 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 48.1 % in the previous quarter.
• Mexico government debt to GDP ratio data is updated quarterly, available from Dec 2005 to Sep 2024.
• The data reached an all-time high of 56.2 % in Mar 2021 and a record low of 20.3 % in Dec 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling average of quarterly annualized Nominal GDP. Government Debt is calculated as a sum of Domestic Government Debt and External Government Debt. The Secretary of Finance and Public Credit provides Government Debt in USD and local currency. The National Institute of Statistics and Geography provides annualized Nominal GDP in local currency. The Federal Reserve Board period end market exchange rate is used for Government Debt and average market exchange rate is used for Nominal GDP currency conversions. Government Debt covers Central Government only.


Related information about Mexico Government Debt: % of GDP

• In the latest reports, Mexico National Government Debt reached 901.9 USD bn in Aug 2024.
• The country's Nominal GDP reached 397.5 USD bn in Mar 2023.

GDP per capita (constant 2015 US$) in Mexico was reported at 10242 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Mexico GDP for 2023 was 1.789 trillion US dollars, a 22.25% increase from 2022.

<ul style='margin-top:20px;'>

<li>Mexico GDP for 2022 was <strong>1.463 trillion US dollars</strong>, a <strong>11.44% increase</strong> from 2021.</li>
<li>Mexico GDP for 2021 was <strong>1.313 trillion US dollars</strong>, a <strong>17.15% increase</strong> from 2020.</li>
<li>Mexico GDP for 2020 was <strong>1.121 trillion US dollars</strong>, a <strong>14.13% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

In 2023, the value added to gross domestic product by the manufacturing sector in Mexico remained nearly unchanged at around 268.03 billion U.S. dollars. Still, the value added reached its highest value in the observed period in 2023. These figures refer to the total value of output from manufacturing industries. Constant figures have been used to negate the impact of monetary inflation, asset devaluation, and resource depletion, allowing more accurate comparisons between years.Find more statistics on other topics about Mexico with key insights such as value added by the agriculture, forestry and fishing sector to the gross domestic product, value added by the services industry to the gross domestic product, and national gross income per capita.

Mexico gdp growth rate for 2023 was 3.23%, a 0.72% decline from 2022.

<ul style='margin-top:20px;'>

<li>Mexico gdp growth rate for 2022 was <strong>3.95%</strong>, a <strong>1.79% decline</strong> from 2021.</li>
<li>Mexico gdp growth rate for 2021 was <strong>5.74%</strong>, a <strong>14.36% increase</strong> from 2020.</li>
<li>Mexico gdp growth rate for 2020 was <strong>-8.62%</strong>, a <strong>8.37% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Key information about Mexico Private Consumption: % of GDP

• Mexico Private Consumption accounted for 70.9 % of its Nominal GDP in Sep 2024, compared with a ratio of 69.7 % in the previous quarter.
• Mexico Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1993 to Sep 2024, with an average share of 69.4 %.
• The data reached an all-time high of 72.4 % in Dec 2003 and a record low of 65.5 % in Sep 2020.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly de-annualized Nominal GDP. The National Institute of Statistics and Geography provides Private Consumption Expenditure in local currency and annualized Nominal GDP in local currency.


Related information about Mexico Private Consumption: % of GDP

• In the latest reports, Mexico GDP expanded 3.7 % YoY in Mar 2023.
• Its Nominal GDP reached 397.5 USD bn in Mar 2023.
• Mexico GDP Per Capita reached 10,934.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 18.0 % in Sep 2024.

GDP per person employed (constant 2017 PPP $) in Mexico was reported at 48542 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - GDP per person employed (constant 1990 PPP $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Mexico External Debt: Short Term: % of GDP

• Mexico External Debt: Short Term accounted for 3.3 % of the country's Nominal GDP in 2023, compared with the ratio of 3.7 % in the previous year.
• Mexico External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2002 to 2023.
• The data reached an all-time high of 6.6 % in 2013 and a record low of 2.2 % in 2008.

CEIC calculates Short Term External Debt % of Nominal GDP from quarterly Short Term External Debt and quarterly de-annualized Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Central Bank, Deposit-Taking Corporations and Other Sectors. The Bank of Mexico provides Short Term External Debt in USD based on External Debt Statistics: Guide for Compilers and Users, 2013. The National Institute of Statistics and Geography provides annualized Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Short Term External Debt prior to 2009 is based on External Debt Statistics: Guide for Compilers and Users, 2003.


Related information about Mexico External Debt: Short Term: % of GDP

• In the latest reports of Mexico, Current Account recorded a deficit of 14.3 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 6.7 USD bn in Jun 2024.
• Mexico Direct Investment Abroad expanded by 3.7 USD bn in Jun 2024.
• Its Foreign Portfolio Investment fell by 6.0 USD bn in Jun 2024.
• Mexico External Debt: Short Term value stood at 62.5 USD bn in Dec 2023.
• The country's Nominal GDP was reported at 397.5 USD bn in Mar 2023.

As of August 2024, Mexico's Secretariat of Finance and Public Credit (SHCP in its acronym in Spanish) forecasted that the Mexican economy would grow by three percent in 2025. This was the most optimistic forecast produced among all the agencies shown in this graph.

GDP per capita, PPP (current international $) in Mexico was reported at 24790 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.