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.

The ratio of national debt to gross domestic product (GDP) of Mexico stood at about 58.43 percent in 2024. From 1996 to 2024, the ratio rose by approximately 15.89 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the ratio will rise by around 2.88 percentage points, showing an overall upward trend with periodic ups and downs.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.

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.

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.

Historical chart and 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 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.

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.

The general government net debt as a share of the gross domestic product (GDP) of Mexico stood at about 51.38 percent in 2024. From 1998 to 2024, the share rose by approximately 17.42 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the share will rise by around 2.89 percentage points, showing an overall upward trend with periodic ups and downs.

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.

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.

In 2018, most of the debt held by Mexico's central government was owed to creditors based in the country, with this type of debt representing more three times the amount owed to foreign creditors. In the period between 2012 and 2016, Mexico's both internal and external debts in relation to the country's gross domestic product (GDP) saw a continuous rise, but they have slightly decreased since then.

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.

According to this statistic, the ratio of national debt to gross domestic product (GDP) of Mexico stands at approximately 60.66 percent in 2025.Fluctuating rise between 1996 and 2025Between 1996 and 2025 a total increase by approximately 18.12 percentage points can be observed. The data emphasizes however that this increase did not happen continuously.Fluctuating rise between 2025 and 2030The ratio will lie at close to 61.31 percent in 2030, according to forecasts. Compared to 2025 this is an overall increase by approximately 0.65 percentage points.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.

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.

Mexico MX: Gross Public Debt: % of GDP: Central Government: Debt Securities data was reported at 30.514 % in Sep 2018. This records a decrease from the previous number of 30.641 % for Jun 2018. Mexico MX: Gross Public Debt: % of GDP: Central Government: Debt Securities data is updated quarterly, averaging 25.615 % from Mar 2008 (Median) to Sep 2018, with 43 observations. The data reached an all-time high of 31.563 % in Mar 2016 and a record low of 18.726 % in Jun 2008. Mexico MX: Gross Public Debt: % of GDP: Central 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: Central Government.

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 20.72 % of its Nominal GDP in Dec 2024, compared with a ratio of 20.21 % in the previous quarter
• Mexico Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2004 to Dec 2024, with an average share of 15.00 %
• 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.

Graph and download economic data for General Government Gross Debt for Mexico (MEXGGXWDGGDP) from 1996 to 2030 about Mexico, gross, debt, and government.

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.

Mexico: Government debt as percent of GDP: The latest value from 2023 is 39.9 percent, an increase from 39.5 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for Mexico from 1998 to 2023 is 29.51 percent. The minimum value, 19.9 percent, was reached in 2007 while the maximum of 41.5 percent was recorded in 2020.