The ratio of national debt to gross domestic product (GDP) of Mexico was 58.31 percent in 2024. Between 1996 and 2024, the ratio rose by 15.77 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by 3.16 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

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 60.2 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 57.1 % in the previous quarter.
• Mexico government debt to GDP ratio data is updated quarterly, available from Dec 2005 to Sep 2025.
• The data reached an all-time high of 60.2 % in Sep 2025 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 1,052.3 USD bn in Oct 2025.
• The country's Nominal GDP reached 473.6 USD bn in Sep 2025.

Key information about Mexico External Debt: % of GDP

• Mexico External Debt accounted for 32.2 % of the country's Nominal GDP in 2024, compared with the ratio of 33.0 % in the previous year.
• Mexico External Debt: % of Nominal GDP data is updated yearly, available from Dec 2002 to Dec 2024.
• 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 surplus of 2.3 USD bn in Sep 2025.
• Foreign Direct Investment (FDI) increased by 7.6 USD bn in Sep 2025.
• Mexico Direct Investment Abroad expanded by 1.5 USD bn in Sep 2025.
• Its Foreign Portfolio Investment increased by 10.4 USD bn in Sep 2025.
• The country's Nominal GDP was reported at 473.6 USD bn in Sep 2025.

Historical dataset showing Mexico debt to gdp ratio by year from 1990 to 2023.

Key information about Mexico Total Debt: % of GDP

• Mexico Total Debt accounted for 114.3 % of the country's GDP in 2025, compared with the ratio of 112.4 % in the previous quarter.
• Mexico Total Debt: % of GDP data is updated quarterly, available from Dec 2000 to Sep 2025.
• 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 National Government Debt

• Mexico National Government Debt reached 1,052.3 USD bn in Oct 2025, compared with 1,069.1 USD bn in the previous month.
• Mexico National Government Debt data is updated monthly, available from Dec 2005 to Oct 2025.
• The data reached an all-time high of 1,069.1 USD bn in Sep 2025 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 4.1 % of its Nominal GDP in Sep 2025.
• The country's Government debt accounted for 60.2 % of its Nominal GDP in Sep 2025.
• Mexico Nominal GDP reached 473.6 USD bn in Sep 2025.

Households Debt in Mexico remained unchanged at 16.70 percent of GDP in the first quarter of 2025 from 16.70 percent of GDP in the fourth quarter of 2024. This dataset provides - Mexico Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Mexico Household Debt: % of GDP

• Mexico household debt accounted for 17.2 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 17.0 % in the previous quarter.
• Mexico household debt to GDP ratio is updated quarterly, available from Dec 2000 to Sep 2025.
• The data reached an all-time high of 17.2 % in Sep 2025 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 327.3 USD bn in Sep 2025.
• Money Supply M2 in Mexico increased 8.1 % YoY in Oct 2025.
• Mexico Foreign Exchange Reserves was measured at 222.0 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 3.4 Months of Import in Oct 2025.
• Mexico Domestic Credit reached 850.5 USD bn in Sep 2025, representing an increased of 6.8 % YoY.
• The country's Non Performing Loans Ratio stood at 2.2 % in Sep 2025, compared with the ratio of 2.0 % in the previous quarter.

In 2023, the public debt that Mexico's central government owed to foreign creditors equaled 6.3 percent of the country's GDP. The volume of external debt in relation to GDP has been slightly decreasing since 2007. All in all, Mexico is one of the Latin American countries with the lowest share of external debt based on GDP.

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.

Mexico MX: Gross Public Debt: % of GDP: General Government: Debt Securities data was reported at 30.831 % in Sep 2018. This records a decrease from the previous number of 30.971 % for Jun 2018. Mexico MX: Gross Public Debt: % of GDP: General Government: Debt Securities data is updated quarterly, averaging 26.031 % from Mar 2008 (Median) to Sep 2018, with 43 observations. The data reached an all-time high of 32.021 % in Mar 2016 and a record low of 19.073 % in Jun 2008. Mexico MX: Gross Public Debt: % of GDP: General Government: Debt Securities 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.QPSD: Gross Public Debt: % of GDP: General Government.

Household debt to GDP, in percent in Mexico, March, 2025 The most recent value is 16.7 percent as of March 2025, no change compared to the previous value of 16.7 percent. Historically, the average for Mexico from March 1999 to March 2025 is 12.88 percent. The minimum of 7.3 percent was recorded in December 2000, while the maximum of 16.9 percent was reached in March 2021. | TheGlobalEconomy.com

External Debt to GDP in Mexico decreased to 6 percent of GDP in 2023 from 7.50 percent of GDP in 2022. This dataset includes a chart with historical data for Mexico External Debt To GDP.

Key information about Mexico Private Debt: % of Nominal GDP

• Mexico Private Debt accounted for 20.92 % of its Nominal GDP in Sep 2025, compared with a ratio of 20.86 % in the previous quarter
• Mexico Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2004 to Sep 2025, with an average share of 15.30 %
• The data reached an all-time high of 21.06 % in Jun 2020 and a record low of 10.31 % in Dec 2004

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. Private Debt is calculated by subtracting Credits to Financial Sector, Public Sector and External Sector from Total Credits. The Bank of Mexico provides Private Debt in local currency. National Institute of Statistics and Geography provides Nominal GDP in local currency.

In 2020, the amount of debt held by Mexico's central government to creditors based in the country represented 32.3 percent of gross domestic product (GDP). In the period between 2015 and 2018, Mexico's internal debt in relation to its GPD remained quite steady, standing around 27 percent.

International debt issues to GDP (%) in Mexico was reported at 28.35 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - International debt issues to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Mexico MX: Gross Public Debt: % of GDP: General Government data was reported at 37.566 % in Sep 2018. This records a decrease from the previous number of 37.902 % for Jun 2018. Mexico MX: Gross Public Debt: % of GDP: General Government data is updated quarterly, averaging 32.228 % from Mar 2008 (Median) to Sep 2018, with 43 observations. The data reached an all-time high of 39.506 % in Dec 2016 and a record low of 21.754 % in Jun 2008. Mexico MX: Gross Public Debt: % of GDP: General Government 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.QPSD: Gross Public Debt: % of GDP: General Government.

Outstanding international public debt securities to GDP (%) in Mexico was reported at 8.1311 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mexico - Outstanding international public debt securities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Mexico MX: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year data was reported at 32.555 % in Sep 2018. This records a decrease from the previous number of 32.774 % for Jun 2018. Mexico MX: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year data is updated quarterly, averaging 26.664 % from Mar 2008 (Median) to Sep 2018, with 43 observations. The data reached an all-time high of 34.044 % in Dec 2016 and a record low of 17.497 % in Mar 2008. Mexico MX: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year 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.QPSD: Gross Public Debt: % of GDP: General Government.