The national debt of Mexico amounted to 1.16 trillion U.S. dollars in 2024. Following a continuous upward trend, the national debt has risen by 1.08 trillion U.S. dollars since 1996. Between 2024 and 2030, the national debt will rise by 553.4 billion U.S. dollars, continuing its consistent upward trajectory.

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.

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.

The national debt of Mexico stood at ************* U.S. dollars in 2024. Following a continuous upward trend, the national debt has risen by ************* U.S. dollars since 1996. Between 2024 and 2030, the national debt will rise by ************* U.S. dollars, continuing its consistent upward trajectory.

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.

External Debt in Mexico increased to 633750.90 USD Million in the second quarter of 2025 from 618661.90 USD Million in the first quarter of 2025. This dataset provides - Mexico External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Monthly and long-term Mexico External Debt data: historical series and analyst forecasts curated by FocusEconomics.

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

The gross public debt of Mexico peaked in the first quarter of 2024, when it reached nearly ***** billion US dollars. Most of the Mexican public debt was held in domestic currency.

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

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 External Debt: Short Term

• Mexico External Debt: Short Term value stood at 67.6 USD bn in Jun 2025, compared with 61.1 USD bn in the previous quarter.
• Mexico External Debt: Short Term data is updated quarterly, available from Mar 2002 to Jun 2025.
• The data reached an all-time high of 11.6 USD bn in Dec 2000 and a record low of 33.1 USD mn in Dec 2016.

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 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.

According to the source, Mexico had roughly *** billion U.S. dollars worth of gross public debt in foreign currency in the second quarter of 2023. Throughout the analyzed period the volume of sovereign debt in domestic currency has been more than ********* that in foreign currency.

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.

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.

Mexico: External debt, percent of Gross National Income: The latest value from 2023 is 34.16 percent, a decline from 40.93 percent in 2022. In comparison, the world average is 54.39 percent, based on data from 112 countries. Historically, the average for Mexico from 1970 to 2023 is 36.49 percent. The minimum value, 18.82 percent, was reached in 1972 while the maximum of 79.57 percent was recorded in 1986.

The national debt of Mexico was approximately 1.16 trillion U.S. dollars in 2024. Following a continuous upward trend, the national debt has risen by around 1.08 trillion U.S. dollars since 1996. Between 2024 and 2030, the national debt will rise by around 531.22 billion U.S. dollars, continuing its consistent upward trajectory.

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.