In 2023, the average wage in Mexico achieved its highest level since 2009, amounting to around 20,090 U.S. dollars per year. Moreover, the average annual wage increased for the third consecutive year. Employment conditions In light of the crucial role that employment plays as a primary source of income, perceiving their working conditions to be poor, a sentiment held by nearly half of Mexico's workforce. Furthermore, the distribution of working hours skews towards non-monetarily compensated positions, particularly impacting the female demographic on households. This imbalance poses challenges to sustaining motivation. Informal employment also exhibits a higher prevalence among females, presenting regulatory complexities. Furthermore, a perceived gender-based disparity in employment opportunities subsists, amplifying the overarching concerns. As these factors coalesce, one out of every two individuals' harbors apprehensions about potential job loss. Salaries vs. Life expenses In 2023, the minimum wage has witnessed a considerable increase. Nevertheless, it continues to fall short of meeting essential living costs. Calculations indicate that a worker should ideally earn at least twice the amount of the latest increment to adequately cover these necessary expenses. A significant portion of the population—approximately one-third—finds itself residing beneath the threshold of basic food basket expenses. Consequently, Mexico ranks as the country where grocery expenses constitute the highest percentage of earnings. Furthermore, this predicament disproportionately impacts women, as they are often remunerated at lower wage rates.

Key information about Mexico Monthly Earnings

• Mexico Monthly Earnings stood at 908 USD in Feb 2025, compared with the previous figure of 902 USD in Jan 2025
• Mexico Monthly Earnings data is updated monthly, available from Jan 2000 to Feb 2025, with an average number of 578 USD
• The data reached the an all-time high of 1,045 USD in May 2024 and a record low of 411 USD in Feb 2000

CEIC calculates Monthly Earning from Average Daily Quote Salaries multiplied by 30 and converts it into USD. Secretary of Labor and Social Security provides Average Daily Quote Salaries in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Further information about Mexico Monthly Earnings

• In the latest reports, Mexico Population reached 132 million people in Dec 2024
• Unemployment Rate of Mexico increased to 3 % in Jan 2025
• The country's Labour Force Participation Rate increased to 59 % in Jan 2025

Wages in Mexico decreased to 278.93 MXN/Day in May from 621.89 MXN/Day in April of 2025. This dataset provides - Mexico Average Daily Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Mexico Household Income per Capita

• Mexico Annual Household Income per Capita reached 3,690.156 USD in Dec 2022, compared with the previous value of 2,639.778 USD in Dec 2020.
• Mexico Annual Household Income per Capita data is updated yearly, available from Dec 2006 to Dec 2022, with an averaged value of 3,322.376 USD.
• The data reached an all-time high of 4,169.817 USD in Dec 2008 and a record low of 2,639.778 USD in Dec 2020.
• In the latest reports, Retail Sales of Mexico grew 4.584 % YoY in Apr 2023.

CEIC calculates Annual Household Income per Capita from Quarterly Average Household Income per Capita multiplied by 4 and converts it into USD. The National Institute of Statistics and Geography provides Average Household Income per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Wages in Manufacturing in Mexico increased to 4 USD/Hour in April from 3.90 USD/Hour in March of 2025. This dataset provides - Mexico Average Wages in Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In Mexico, as of 2022, the bottom 50 percent, which represents the population whose income lied below the median, earned on average 2,076 euros at purchasing power parity (PPP) before income taxes. Meanwhile, the top ten percent had an average earning of 111,484 euros, 53 times over than the average earning of the bottom half. Further, the bottom 50 percent accounted for -0.3 percent of the overall national wealth in Mexico, that is, they have on average more debts than assets.

Key information about Mexico Household Expenditure per Capita

• Mexico Annual Household Expenditure per Capita reached 2,315.364 USD in Dec 2022, compared with the last update number of 1,569.416 USD in Dec 2020.
• Mexico Annual Household Expenditure per Capita data is updated yearly, available from Dec 2006 to Dec 2022, with an averaged value of 2,747.314 USD.
• The data reached an all-time high of 3,614.627 USD in Dec 2006 and a record low of 1,569.416 USD in Dec 2020.
• In the latest reports, Retail Sales of Mexico grew 4.584 % YoY in Apr 2023.

CEIC calculates Annual Household Expenditure per Capita from Quarterly Average Household Expenditure multiplied by 4 and Average Household Size. Average Household Size is calculated by dividing Average Household Income per Capita from Average Household Income. CEIC converts Annual Household Expenditure into USD. The National Institute of Statistics and Geography provides Average Household Expenditure and Income and Average Household Income per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

This statistic depicts the average hourly wage in the manufacturing sector in Mexico compared to the U.S. from 2015 to 2017. As of June 2017, a manufacturing worker in Mexico earned approximately 2.3 U.S. dollars an hour, whereas the average salary in the U.S. stood at 20.8 U.S. dollars an hour.

Mexico MX: GDP: USD: Gross National Income: Atlas Method data was reported at 1,112.395 USD bn in 2017. This records a decrease from the previous number of 1,160.222 USD bn for 2016. Mexico MX: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 230.535 USD bn from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 1,264.972 USD bn in 2014 and a record low of 14.659 USD bn in 1962. Mexico MX: GDP: USD: Gross National Income: Atlas Method 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: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

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.

This dataset provides values for WAGES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Current Account Balance: Total Income for Mexico (DISCONTINUED) (BPBLIN01MXA637S) from 1980 to 2016 about current account, Mexico, BOP, and income.

Mexico MX: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 8,610.000 USD in 2017. This records a decrease from the previous number of 9,100.000 USD for 2016. Mexico MX: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 3,060.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 10,180.000 USD in 2014 and a record low of 360.000 USD in 1962. Mexico MX: GDP: USD: Gross National Income per Capita: Atlas Method 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: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Graph and download economic data for Current Account Credit: Total Income for Mexico (DISCONTINUED) (BPCRIN01MXA637N) from 1980 to 2016 about current account, Mexico, BOP, credits, and income.

Graph and download economic data for Current Account Debit: Total Income for Mexico (DISCONTINUED) (BPDBIN01MXA637S) from 1980 to 2016 about debit, current account, Mexico, BOP, and income.

In 2023, the national gross income per capita in Mexico increased by 1,260 U.S. dollars (+11.75 percent) compared to 2022. With 11,980 U.S. dollars, the national gross income thereby reached its highest value in the observed period. Gross national income (GNI) per capita is the total value of money received by a country, from both domestic or foreign sources, divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which implements a price adjusted, three year moving average, smoothing out fluctuations in exchange rates.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 to gross domestic product by the manufacturing sector, value added by the agriculture, and forestry and fishing sector to the gross domestic product.

Mexico Foreign Direct Investment Income: Outward: USD: Total: Antarctica data was reported at 0.000 USD mn in 2022. Mexico Foreign Direct Investment Income: Outward: USD: Total: Antarctica data is updated yearly, averaging 0.000 USD mn from Dec 2022 (Median) to 2022, with 1 observations. The data reached an all-time high of 0.000 USD mn in 2022 and a record low of 0.000 USD mn in 2022. Mexico Foreign Direct Investment Income: Outward: USD: Total: Antarctica data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Mexico – Table MX.OECD.FDI: Foreign Direct Investment Income: USD: by Region and Country: OECD Member: Annual. Reverse investment:Reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) is treated as other investment. Netting of reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the direct investor. FDI transactions and positions by partner country and by industry exclude resident Special Purpose Entities (SPEs), which cannot yet be reported separately. Valuation method used for listed inward and outward equity positions: Market value. Valuation method used for unlisted inward and outward equity positions: Own funds at book value. Valuation method used for inward and outward debt positions: Market value, Nominal value.; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward FDI transactions is according to the ultimate counterparty while outward FDI transactions as well as inward and outward FDI positions are allocated to the immediate counterpart country. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are covered as direct investment enterprises. Non-profit institutions serving households are covered as direct investors. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Statistical unit: Enterprise.

In the first quarter of 2024, per capita wage income in Mexico City stood at ******** Mexican pesos, a considerable growth compared to the previous quarter and the largest income per capita registered.

Uruguay was the Latin American country with the highest average monthly salary as of 2024, with a net value of around ***** U.S. dollars per month, followed by Costa Rica, with *** U.S. dollars per month. Employment development areas in Latin America Following the recuperation in this sector after the job losses endured throughout the COVID-19 pandemic, the unemployment rate persists in its endeavor to stabilize. Informal employment remains as the predominant actor across most Latin American countries, serving as a primary avenue for economic sustenance. Notably, the construction sector has experienced substantial growth, outpacing other relevant industries like tourism and hospitality. Poverty Throughout the past two decades, poverty levels in Latin America remain unchanged. Honduras takes the lead as the country bearing the highest poverty rate, with nearly half of its population dwelling in these circumstances. Across the region, the prevalent delineation is that of individuals classified within the non-extreme and lower-middle poverty strata, characterized by modest income levels.