In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Mexico amounted to approximately 1.69 percent. Between 1980 and 2024, the figure dropped by around 1.66 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the share will steadily decline by about 0.13 percentage points from 2024 to 2030.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

Mexico GDP for 2023 was 1.789 trillion US dollars, a 22.18% increase from 2022.

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

<li>Mexico GDP for 2022 was <strong>1.464 trillion US dollars</strong>, a <strong>11.22% increase</strong> from 2021.</li>
<li>Mexico GDP for 2021 was <strong>1.317 trillion US dollars</strong>, a <strong>17.44% increase</strong> from 2020.</li>
<li>Mexico GDP for 2020 was <strong>1.121 trillion US dollars</strong>, a <strong>14.04% 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.

The Gross Domestic Product (GDP) in Mexico was worth 1852.72 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Mexico represents 1.75 percent of the world economy. This dataset provides - Mexico GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic depicts Mexico's gross domestic product (GDP) per capita from 1987 to 2020, with projections up until 2030. The GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator for the economic strength of a country. In 2020, Mexico's GDP per capita amounted to approximately 8,744.03 U.S. dollars. For further information, see Mexico's GDP. Economy of Mexico Mexico is the third largest economy in North America and is swiftly becoming a modernized nation with more industrial and service sectors to maintain and promote economic growth nationwide. Mexico is primarily an export-oriented economy and has seen constant growth in regards to the export of goods every year over the past decade, with the exception of 2009. Mexico is also considered to be one of the premier exporters in the world, exporting more goods and services than other export-prominent countries such as Saudi Arabia and India. Like many other industrial countries worldwide, Mexico experienced an economic downturn during the global financial crisis. Several indicators of Mexico’s economic slump would be a spike in unemployment as well as a significant drop in GDP in 2009. Additionally, inflation rates slightly increased over the course of 2 years. However, Mexico’s economy evidently recovered, in particular with its inflation rate, which reached a decade low, as well as its gross domestic product per capita, which attained decade high values, both in 2014.

The Gross Domestic Product per capita in Mexico was last recorded at 10313.49 US dollars in 2024. The GDP per Capita in Mexico is equivalent to 82 percent of the world's average. This dataset provides - Mexico GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Mexico MX: PPP Conversion Factor: GDP data was reported at 9.041 MXN/Intl $ in 2017. This records an increase from the previous number of 8.684 MXN/Intl $ for 2016. Mexico MX: PPP Conversion Factor: GDP data is updated yearly, averaging 6.819 MXN/Intl $ from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 9.041 MXN/Intl $ in 2017 and a record low of 1.347 MXN/Intl $ in 1990. Mexico MX: PPP Conversion Factor: GDP 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: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; ;

In 2022, tax revenues generated by Mexico accounted for 16.9 percent of the country's GDP, down from 17.3 percent reported in the previous year. Mexico is among the states with the lowest shares of tax revenue in GDP in Latin America.

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.

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

Graph and download economic data for Gross Domestic Product Per Capita for Mexico (PCAGDPMXA646NWDB) from 1960 to 2024 about Mexico, per capita, and GDP.

Mexico: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 3.82 percent, a decline from 3.91 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for Mexico from 1965 to 2023 is 6.06 percent. The minimum value, 2.94 percent, was reached in 2006 while the maximum of 13.15 percent was recorded in 1965.

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.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Mexico from 2013 to 2023. In 2023, agriculture contributed around 3.82 percent to the GDP of Mexico, 31.56 percent came from the industry and 58.65 percent from the service sector. For further information, see Mexico's GDP.

Mexico: Bank assets, percent of GDP: The latest value from 2021 is 45.11 percent, a decline from 48.3 percent in 2020. In comparison, the world average is 71.17 percent, based on data from 140 countries. Historically, the average for Mexico from 1960 to 2021 is 34.16 percent. The minimum value, 21.51 percent, was reached in 1996 while the maximum of 50.04 percent was recorded in 1987.

Mexico: GDP per capita, current Euro: The latest value from is Euro, unavailable from Euro in . In comparison, the world average is 0 Euro, based on data from countries. Historically, the average for Mexico from to is Euro. The minimum value, Euro, was reached in while the maximum of Euro was recorded in .

Mexico: Fiscal balance, percent of GDP: The latest value from 2023 is -3.4 percent, a decline from -3.2 percent in 2022. In comparison, the world average is -2.83 percent, based on data from 143 countries. Historically, the average for Mexico from 1990 to 2023 is -2.55 percent. The minimum value, -4.76 percent, was reached in 1998 while the maximum of 2.39 percent was recorded in 1992.

Key information about Mexico Total Debt: % of GDP

• Mexico Total Debt accounted for 110.9 % of the country's GDP in 2024, compared with the ratio of 109.3 % in the previous quarter.
• Mexico Total Debt: % of GDP data is updated quarterly, available from Dec 2000 to Dec 2024.
• The data reached an all-time high of 121.2 % in Mar 2021 and a record low of 55.7 % in Jun 2001.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly de-annualized Nominal GDP. The Bank of Mexico provides Total Debt in local currency. National Institute of Statistics and Geography provides Nominal GDP in local currency.

Key information about Mexico GDP Deflator Growth

• Mexico GDP deflator (implicit price deflator) increased 6.5 % in Dec 2022, compared with an increase of 7.0 % in the previous quarter.
• Mexico GDP Deflator Growth data is updated quarterly, available from Mar 1981 to Dec 2022, with an average rate of 8.1 %.
• The data reached an all-time high of 158.8 % in Dec 1987 and a record low of 1.0 % in Dec 2012.

CEIC calculates annual GDP Deflator Growth from quarterly Nominal and Real GDP. The National Institute of Statistics and Geography provides Nominal GDP in local currency and Real GDP in local currency based on SNA 2008, at 2013 prices. GDP Deflator Growth prior to 1994 based on SNA 1993, at 1993 prices.


Related information about Mexico GDP Deflator Growth

• In the latest reports, Mexico GDP expanded 3.7 % YoY in Dec 2022.
• Its Nominal GDP reached 372.0 USD bn in Dec 2022.
• Mexico GDP Per Capita reached 10,927.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 20.0 % in Sep 2022.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Mexico (PGD2USMXA621NUPN) from 1950 to 2010 about Mexico, PPP, per capita, and GDP.