General Information

Land vehicle export sales are the country's leading export at 22%, followed by machinery and electrical materials at 20%, mechanical devices at 15%, and petroleum at 10.5% of exports.
(Source: Banco de México)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 1,223,900

millions

23.3%

 

USD 9,357

 

 Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) 3.3% 2.9% 2.1% 2.0% 1.5% 1.7%
Nominal GDP (USD millions) 1,171,300 1,076,600 1,159,000 1,223,900 1,290,800 1,324,500
GDP per Head (USD) 9,303 8,444 8,971 9,357 9,757 9,892
Inflation (%) 2.1% 3.4% 6.8% 4.8% 3.7% 3.6%
Fiscal Balance (% GDP) -3.4% -2.5% -1.1% -2.0% -2.3% -2.9%
General Govt. gross debt (% GDP) 45.4% 49.4% 46.9% 46.8% 46.6% 49.7%
   

Trade Statistics

 

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 79.5%   US   49.3%
Canada 3.1%   China   19.1%
Germany 1.6%   Japan   4.2%
China 1.6%   Germany   4.1%
           
By products     By products  
Manufactures 74.9%   Manufactures 79.1%
Fuels and mining prod. 15.9%   Fuels and mining prod. 10.9%
Agricultural products 6.6%   Agricultural products 7.7%
   
Balance of Payments (USD millions) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 380,976 374,304 409,775 450,942 458,423 456,493
Exports growth (%) -4.2% -1.8% 9.5% 10.0% 1.7% -0.4%
Imports of Goods 395,573 387,369 420,765 464,824 473,757 475,682
Imports growth (%) -1.2% -2.1% 8.6% 10.5% 1.9% 0.4%
Foreign Trade (% GDP) 66% 71% 72% 75% 72% 70%
             
Current Account Balance -30,492 -24,252 -19,401 -22,186 -22,142 -31,040
% GDP -2.6% -2.3% -1.7% -1.8% -1.7% -2.3%
Foreign Direct Investment 37,119 36,054 31,033 34,616 32,269 29,802
% GDP 3.2% 3.3% 2.7% 2.8% 2.5% 2.3%
   

 

Disclaimer

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