one of the world’s largest economies; USMCA buttresses its manufacturing sector; has underperformed growth targets for three decades; COVID-19 disrupted export-based economy; corruption and cartel-based violence undermine economic stability
$2.418 trillion (2021 est.)
$2.309 trillion (2020 est.)
$2.51 trillion (2019 est.)
note: data are in 2017 dollars
comparison ranking
4.72% (2021 est.)
-7.99% (2020 est.)
-0.2% (2019 est.)
comparison ranking
$19,100 (2021 est.)
$18,300 (2020 est.)
$20,100 (2019 est.)
note: data are in 2017 dollars
comparison ranking
$1,269,956,000,000 (2019 est.)
5.69% (2021 est.)
3.4% (2020 est.)
3.64% (2019 est.)
comparison ranking
Fitch rating: BBB- (2020)
Moody's rating: Baa1 (2020)
Standard & Poors rating: BBB (2020)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 3.6% (2017 est.)
industry: 31.9% (2017 est.)
services: 64.5% (2017 est.)
household consumption: 67% (2017 est.)
government consumption: 11.8% (2017 est.)
investment in fixed capital: 22.3% (2017 est.)
investment in inventories: 0.8% (2017 est.)
exports of goods and services: 37.8% (2017 est.)
imports of goods and services: -39.7% (2017 est.)
sugarcane, maize, milk, oranges, sorghum, tomatoes, poultry, wheat, green chillies/peppers, eggs
food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism
5.44% (2021 est.)
comparison ranking
56.132 million (2021 est.)
comparison ranking
agriculture: 13.4%
industry: 24.1%
services: 61.9% (2011)
4.38% (2021 est.)
4.45% (2020 est.)
3.48% (2019 est.)
note: underemployment may be as high as 25%
comparison ranking
total: 8.1%
male: 7.9%
female: 8.6% (2021 est.)
comparison ranking
41.9% (2018 est.)
45.4 (2020 est.)
comparison ranking
on food: 23.4% of household expenditures (2018 est.)
on alcohol and tobacco: 2.8% of household expenditures (2018 est.)
lowest 10%: 2%
highest 10%: 40% (2014)
revenues: $264.261 billion (2020 est.)
expenditures: $313.358 billion (2020 est.)
-1.1% (of GDP) (2017 est.)
comparison ranking
54.3% of GDP (2017 est.)
56.8% of GDP (2016 est.)
comparison ranking
14.29% (of GDP) (2020 est.)
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calendar year
-$4.817 billion (2021 est.)
$27.103 billion (2020 est.)
-$3.406 billion (2019 est.)
comparison ranking
$522.235 billion (2021 est.) note: data are in current year dollars
$434.366 billion (2020 est.) note: data are in current year dollars
$492.657 billion (2019 est.) note: data are in current year dollars
comparison ranking
United States 75% (2019)
cars and vehicle parts, computers, delivery trucks, crude petroleum, video displays, insulated wiring (2021)
$544.752 billion (2021 est.) note: data are in current year dollars
$411.458 billion (2020 est.) note: data are in current year dollars
$495.391 billion (2019 est.) note: data are in current year dollars
comparison ranking
United States 54%, China 14% (2019)
integrated circuits, refined petroleum, cars and vehicle parts, office machinery/parts, telephones (2019)
$207.799 billion (31 December 2021 est.)
$199.069 billion (31 December 2020 est.)
$183.056 billion (31 December 2019 est.)
note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMF
comparison ranking
$456.713 billion (2019 est.)
$448.268 billion (2018 est.)
comparison ranking
Mexican pesos (MXN) per US dollar -
20.272 (2021 est.)
21.486 (2020 est.)
19.264 (2019 est.)
19.244 (2018 est.)
18.927 (2017 est.)
NOTE: The information regarding Mexico on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Mexico 2023 information contained here. All suggestions for corrections of any errors about Mexico 2023 should be addressed to the CIA or the source cited on each page.
This page was last modified 22 Aug 23, Copyright © 2023 ITA all rights reserved.