Mexico recorded a Government Debt to GDP of 49.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Mexico Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

External Debt in Mexico increased to 623302.60 USD Million in the first quarter of 2025 from 592728.30 USD Million in the fourth quarter of 2024. This dataset provides - Mexico External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Mexico National Government Debt

• Mexico National Government Debt reached 896.3 USD bn in Jan 2025, compared with 874.8 USD bn in the previous month.
• Mexico National Government Debt data is updated monthly, available from Dec 2005 to Jan 2025.
• The data reached an all-time high of 961.9 USD bn in May 2024 and a record low of 197.7 USD bn in Dec 2005.

CEIC calculates monthly Government Debt as the sum of External Debt and Domestic Debt and converts it into USD. The Secretary of Finance and Public Credit provides External Debt in USD and Domestic Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Mexico National Government Debt

• In the latest reports, Mexico Consolidated Fiscal Balance recorded a deficit equal to 4.2 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 47.7 % of its Nominal GDP in Sep 2024.
• Mexico Nominal GDP reached 397.5 USD bn in Mar 2023.

Key information about Mexico External Debt: % of GDP

• Mexico External Debt accounted for 33.0 % of the country's Nominal GDP in 2023, compared with the ratio of 39.7 % in the previous year.
• Mexico External Debt: % of Nominal GDP data is updated yearly, available from Dec 2002 to Dec 2023.
• The data reached an all-time high of 55.6 % in Dec 2020 and a record low of 16.9 % in Dec 2006.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and quarterly de-annualized Nominal GDP. The Bank of Mexico provides External Debt in USD based on External Debt Statistics: Guide for Compilers and Users, 2013. The National Institute of Geography and Statistics provides annualized Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. External Debt prior to 2009 is based on External Debt Statistics: Guide for Compilers and Users, 2003.


Related information about Mexico External Debt: % 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 6.9 USD bn in Sep 2024.
• Mexico Direct Investment Abroad expanded by 5.4 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 2.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 397.5 USD bn in Mar 2023.

Households Debt in Mexico increased to 16.70 percent of GDP in the fourth quarter of 2024 from 16.50 percent of GDP in the third quarter of 2024. This dataset provides - Mexico Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private Debt to GDP in Mexico decreased to 53.10 percent in 2023 from 59.70 percent in 2022. This dataset provides - Mexico Private Debt To GDP- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Mexico External Debt: Short Term

• Mexico External Debt: Short Term value stood at 56.3 USD bn in Sep 2024, compared with 63.0 USD bn in the previous quarter.
• Mexico External Debt: Short Term data is updated quarterly, available from Mar 2002 to Sep 2024.
• The data reached an all-time high of 87.8 USD bn in Dec 2013 and a record low of 16.3 USD bn in Sep 2004.

CEIC calculates quarterly Short Term External Debt as the sum of quarterly 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. Short Term External Debt prior to Q1 2009 is based on External Debt Statistics: Guide for Compilers and Users, 2003.


Related information about Mexico External Debt: Short Term

• 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 6.9 USD bn in Sep 2024.
• Mexico Direct Investment Abroad expanded by 5.4 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 2.8 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 397.5 USD bn in Mar 2023.

Key information about Mexico Household Debt

• Mexico Household Debt reached 271.8 USD bn in Dec 2024, compared with the reported number of 280.8 USD bn in the previous quarter
• Mexico Household Debt: USD mn data is updated quarterly, available from Dec 2000 to Dec 2024
• The data reached an all-time high of 320.4 USD bn in Mar 2024 and a record low of 53.5 USD bn in Dec 2000

CEIC converts quarterly Household Debt into USD. The Bank of Mexico provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Household Debt includes Mortgages and Consumer Loans.


Further information about Mexico Household Debt

• In the latest reports, Mexico Household Debt accounted for 16.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in Mexico increased 707.1 USD bn YoY in May 2023
• Mexico Foreign Exchange Reserves was measured at 211.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 4.3 Months of Import in Jan 2025
• Mexico Domestic Credit reached 732.4 USD bn in Dec 2024, representing an increased of 14.8 % YoY

Key information about Mexico Household Debt: % of GDP

• Mexico household debt accounted for 16.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 16.5 % in the previous quarter.
• Mexico household debt to GDP ratio is updated quarterly, available from Dec 2000 to Dec 2024.
• The data reached an all-time high of 16.9 % in Mar 2021 and a record low of 7.3 % in Dec 2000.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Bank of Mexico provides quarterly Household Debt in local currency. The National Institute of Statistics and Geography provides annualized Nominal GDP in local currency. Household Debt includes Mortgages and Consumer Loans.


Related information about Mexico Household Debt: % of GDP

• In the latest reports, Mexico Household Debt reached 271.8 USD bn in Dec 2024.
• Money Supply M2 in Mexico increased 12.1 % YoY in Jan 2025.
• Mexico Foreign Exchange Reserves was measured at 211.3 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 4.3 Months of Import in Jan 2025.
• Mexico Domestic Credit reached 732.4 USD bn in Dec 2024, representing an increased of 14.8 % YoY.
• The country's Non Performing Loans Ratio stood at 1.9 % in Dec 2024, compared with the ratio of 2.0 % in the previous quarter.

The Business Support Services industry in Mexico comprises companies providing wide range of services that support everyday functions of businesses. These services include telemarketing, phone research, debt collection, document preparation and credit analysis. Industry operators cater to clients in the telecommunications, financial, retail and healthcare sectors, as well as various clients from other sectors. The industry has experienced positive trends over the five years to 2019, with revenue anticipated to increase an annualized 1.1% to MXN $37.8 billion. This growth has largely been attributed to the increasing strength of the Mexican economy. For example, the GDP of Mexico is expected to grow at an annualized rate of 2.5% over the five years to 2019. Meanwhile, consumer spending is anticipated to expand an annualized 2.4% during the same period. Industry revenue is largely based on the strength of the economy because, as the economy improves, businesses have more money to invest in industry services. However, while revenue has grown over the past five years, the has been some volatility brought on by fluctuations in private investment. Despite this, industry revenue is expected to increase 2.5% in 2019 alone.

All reporting countries - Cross-border total liabilities of banks with headquaters in All countries (total) vis-a-vis residents of Mexico, all sectors (amounts outstanding / stocks, credit (loans & debt securities) in all currencies (=d+f+u), All currencies )

The Mexico Home Equity Loan market, valued at approximately $X million in 2025 (estimated based on provided CAGR and market size), is projected to experience robust growth, exceeding a 5% compound annual growth rate (CAGR) through 2033. This expansion is fueled by several key drivers. Rising homeownership rates in Mexico, coupled with increasing awareness of home equity loans as a financing option, are significantly contributing to market growth. Furthermore, the growing middle class with increased disposable income is seeking financing options for home improvements, debt consolidation, and other large purchases, thus boosting demand. The availability of diverse loan products, including fixed-rate loans and home equity lines of credit (HELOCs), offered by a range of providers such as commercial banks, financial institutions, credit unions, and other creditors, further enhances market accessibility. The increasing adoption of online loan applications and disbursement processes streamlines the borrowing experience, contributing to market expansion. However, certain challenges temper the market's growth trajectory. Economic instability and fluctuating interest rates can impact borrowing costs and consumer confidence, potentially hindering loan uptake. Stringent lending regulations and credit scoring requirements may also restrict access to loans for certain segments of the population. Despite these constraints, the long-term outlook for the Mexico Home Equity Loan market remains positive, driven by sustained economic growth and evolving consumer borrowing behaviors. The increasing sophistication of financial products and services, combined with a growing understanding of home equity as a valuable asset, positions the market for continued expansion in the coming years. The competitive landscape includes established players like Bank of America and regional banks like Bank of Albuquerque, fostering innovation and consumer choice. Recent developments include: On August 2022, Rocket Mortgage, Mexico's largest mortgage lender and a part of Rocket Companies introduced a home equity loan to give Americans one more way to pay off debt that has risen along with inflation. Detroit-based Rocket Mortgage is enabling the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience, On February 2023, Guild Mortgage, a growth-oriented mortgage lending company originating and servicing residential loans since 1960, increased its Southwest presence with the acquisition of Legacy Mortgage, an independent New Mexico-based lender. With this acquisition, the Legacy Mortgage team can offer borrowers a broader range of purchase and refinance loan options, including FHA, VA, USDA, down payment assistance programs, and other specialized loan programs.. Key drivers for this market are: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Potential restraints include: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Notable trends are: Financial And Socioeconomic Factors Favouring The Market.

The yield on Mexico 10Y Bond Yield held steady at 9.44% on July 29, 2025. Over the past month, the yield has edged up by 0.31 points, though it remains 0.71 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Mexico 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Mexico MX: External Debt: DOD: Stocks: Concessional data was reported at 2.853 USD bn in 2017. This records an increase from the previous number of 2.511 USD bn for 2016. Mexico MX: External Debt: DOD: Stocks: Concessional data is updated yearly, averaging 1.121 USD bn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 3.260 USD bn in 2012 and a record low of 257.228 USD mn in 1970. Mexico MX: External Debt: DOD: Stocks: Concessional data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: External Debt: Debt Outstanding, Debt Ratio and Debt Service. Concessional external debt conveys information about the borrower's receipt of aid from official lenders at concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. Long-term debt outstanding and disbursed is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

The statistic depicts the average inflation rate in Mexico from 1987 to 2024, with projections up until 2030. The inflation rate measures price changes for a fixed basket of goods which includes a representative selection of goods and services. In 2024, Mexico's average inflation rate was around 4.72 percent compared to the previous year. Mexico’s economy Mexico’s gross domestic product (GDP) has been increasing slightly over the last decade, however, its national debt still amounts to almost half of its GDP. The majority of Mexico’s GDP is yielded by the services sector, as a look at the distribution of gross domestic product in Mexico by sector shows. More than 60 percent of GDP are generated in this sector; the majority of the Mexican workforce is employed in services. One important contributor to Mexico’s GDP is tourism. The total unemployment rate in Mexico took a turn for the worse during the recession of 2008 and is still to bounce back to previous levels. Mexico’s main export and import partner is the United States which accounts for approximately half of the value of both. Thus, the trade balance of goods in Mexico, showing the value of exports minus the value of imports, is heavily dependant on the United States. For the past decade, Mexico’s trade balance has run at a deficit of more than 10 billion US dollars. The trade balance of services sector in Mexico has also been in the red with a deficit of more than 6 percent since the recession and higher than 9 percent since 2011. Mexico is also one of the largest drug exporting countries worldwide. Specific trade figures are not available, however, Mexico is among the top countries for opium cultivation based on acreage, and thousands of illegal poppy fields, processed into opium, have been destroyed in Mexico year after year.

Snapshot img

Online Financing Platform For SMBs Market Size 2025-2029

The online financing platform for smbs market size is forecast to increase by USD 23.48 billion, at a CAGR of 21.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing trend of digital transformation in business financing. The surge in the number of small and medium-sized businesses (SMBs) worldwide is a key factor fueling this growth. These businesses are increasingly turning to online financing platforms for their funding needs due to the convenience, speed, and flexibility they offer. However, the market is not without challenges. Privacy and security concerns are a significant obstacle, as SMBs must ensure the protection of their financial data when using these platforms. Additionally, regulatory compliance and the need for transparency are crucial considerations for both financing platforms and SMBs. Navigating these challenges requires a robust security framework, clear communication, and a strong commitment to regulatory compliance. Companies seeking to capitalize on the opportunities in this market must prioritize these factors to build trust and confidence among their SMB clientele.

What will be the Size of the Online Financing Platform For SMBs Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe online financing market for Small and Medium-sized Businesses (SMBs) continues to evolve, with dynamic market activities unfolding across various sectors. Entities offering lines of credit, financial statements analysis, decisioning engines, real estate financing, equipment financing, automated underwriting, risk assessment, invoice financing, and online application processes are seamlessly integrated into comprehensive loan management systems. These systems enable SMBs to access essential funding options, including working capital loans, startup funding, and growth capital, through digital lending platforms. Fraud prevention measures, such as Anti-Money Laundering (AML) protocols, are also integrated into these systems to ensure secure transactions. The ongoing development of digital lending platforms encompasses API integration, mobile lending apps, and loan origination, enabling SMBs to apply for loans and manage their portfolios online. Credit reports, loan amortization, interest rates, and debt financing are assessed through credit scoring and cash flow projections. Entities providing loan servicing, merchant cash advances, venture capital, equity financing, debt collection, business plans, and due diligence contribute to the evolving landscape of online financing for SMBs. The integration of data encryption and data privacy measures further enhances the security of these platforms, ensuring that sensitive business information remains protected. As market dynamics continue to shift, the online financing market for SMBs will remain a vital source of growth capital and essential funding solutions.

How is this Online Financing Platform For SMBs Industry segmented?

The online financing platform for smbs industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeEquity financingDebt financingServiceBank-led online lending platformsAlternative lenders and fintech platformsPeer-to-peer (P2P) lendingEnd-userInterest-based revenueTransaction feesReferral and partnership feesPlatformPeer-to-Peer LendingBank-AffiliatedIndependent PlatformsGeographyNorth AmericaUSMexicoEuropeFranceGermanyItalySpainUKMiddle East and AfricaUAEAPACAustraliaChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Type Insights

The equity financing segment is estimated to witness significant growth during the forecast period.The online financing market for Small and Medium-sized Businesses (SMBs) is witnessing significant activity and evolving trends. Equity financing, which involves selling an ownership interest of a business in exchange for capital, held the largest market share in 2024. However, the process of securing equity financing is challenging, as finding investors willing to buy the business is a significant hurdle. The amount of equity financing a borrower takes also impacts their management control and future sale options. Digital lending platforms and online application processes streamline the loan origination process, enabling quicker access to various financing options. These include working capital loans, merchant cash advances, lines of credit, and term loans. Credit reports and credit scoring are crucial components of the decisioning engines used by these platforms to assess risk and make informed lending decisions. R

Snapshot img

Payday Loans Market Size 2025-2029

The payday loans market size is forecast to increase by USD 9.9 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is characterized by growing awareness among the youth demographic and an increasing number of lenders offering these services. Simultaneously, payday loans face criticism for being perceived as predatory due to their high interest rates and potential for debt trap situations. These trends present both opportunities and challenges for market participants. On one hand, the expanding awareness and acceptance of payday loans among younger generations signify a potential customer base ripe for growth. Moreover, the increasing competition among payday lenders fosters innovation and improved customer service, potentially enhancing the overall market appeal. On the other hand, the negative perception surrounding payday loans poses a significant challenge.
The predatory nature of these loans can lead to long-term financial hardships for borrowers, prompting regulatory scrutiny and potential restrictions. As such, market players must navigate this delicate balance between meeting consumer demand and addressing concerns regarding ethical lending practices. To capitalize on market opportunities and effectively manage challenges, companies must focus on transparency, responsible lending practices, and effective communication with their customer base.

What will be the Size of the Payday Loans Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, shaped by a complex interplay of factors including responsible lending practices, financial hardship, and the growing prevalence of online lending. Cash advances and payday loans serve as crucial financial solutions for individuals facing economic hardship, yet concerns around predatory lending, fraud prevention, and ethical considerations persist. Credit counseling and debt relief options have emerged as essential components of the market, offering debt management and financial planning resources to borrowers. Artificial intelligence and machine learning are increasingly utilized for loan origination and risk assessment, enhancing the application process and improving risk management. Prepayment penalties, interest rates, and financial literacy remain key areas of focus, with consumers demanding greater transparency and affordability.

Compliance management and government regulation are critical in ensuring fair lending practices and protecting consumers from identity theft and data security breaches. Third-party lenders and direct lenders have expanded their offerings, providing alternatives to traditional banking services such as overdraft protection and loan consolidation. Debt consolidation and income inequality have fueled the growth of alternative lending solutions, while the use of big data and credit scores streamlines the loan origination process. Financial education and consumer finance play a vital role in fostering financial inclusion and breaking the debt cycle. Repayment schedules, loan terms, and late fees are subjects of ongoing debate, with legal frameworks and public policy shaping the market's future trajectory.

The market's continuous dynamism underscores the importance of staying informed and adaptive to the evolving landscape. From credit checks and loan terms to risk management and ethical considerations, the industry's ongoing transformation offers opportunities and challenges for all stakeholders.

How is this Payday Loans Industry segmented?

The payday loans industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Storefront payday loans
  Online payday loans


Consumer

  Single
  Married


Age Group

  31-40
  21-30
  51 and above
  41-50
  Less than 21


Loan Type

  Small (U$500)
  Medium (U$500-U$1500)
  Large (U$1500)


Consumer Segment

  Individual
  Small Businesses


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The storefront payday loans segment is estimated to witness significant growth during the forecast period.

The market encompasses various entities, including online lending, responsible lending, financial hardship, cash advance, payday advance, credit counseling, debt relief, economic hardship, debt management, artificial intelligence, legal frameworks, social welfare, data security, predatory

Mexico MX: External Debt: NFL: Net Financial Flows: Others data was reported at 100.000 USD mn in 2017. This records an increase from the previous number of 0.000 USD mn for 2016. Mexico MX: External Debt: NFL: Net Financial Flows: Others data is updated yearly, averaging 0.000 USD mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 100.000 USD mn in 2017 and a record low of -26.711 USD mn in 2011. Mexico MX: External Debt: NFL: Net Financial Flows: Others data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: External Debt: Net Flows and Net Transfers. Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Others is a residual category in the World Bank's Debtor Reporting System. It includes such institutions as the Caribbean Development Fund, Council of Europe, European Development Fund, Islamic Development Bank, Nordic Development Fund, and the like. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

External Debt in Argentina increased to 278073.14 USD Million in the first quarter of 2025 from 277257.38 USD Million in the fourth quarter of 2024. This dataset provides - Argentina External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.