General Information

Land vehicle export sales are the country's leading export at 26%, followed by machinery and electrical materials at 18%, mechanical devices at 17%, and petroleum at 7% of exports.
(Source: Banco de México)

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

USD 1,259,000

millions

24.6%

 

USD 9,867

 

 Economic Statistics (years 2016 - forecast 2021)

National Accounts 2016 2017 2018 2019 f.2020 f.2021
             
GDP growth (%) 2.9% 2.1% 2.1% -0.1% -9.5% 3.5%
Nominal GDP (USD millions) 1,076,700 1,158,500 1,221,300 1,259,000 974,900 1,034,300
GDP per Head (USD) 8,732 9,283 9,677 9,867 7,563 7,938
Inflation (%) 3.3% 6.8% 4.8% 2.8% 2.8% 3.4%
Fiscal Balance (% GDP) -2.5% -1.1% -2.0% -1.7% -4.7% -4.2%
General Govt. gross debt (% GDP) 49.4% 46.9% 46.9% 47.1% 58.7% 60.7%
   

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) 2016 2017 2018 2019 f.2020 f.2021
             
Exports of Goods 374,305 409,806 451,054 461,451 373,014 380,550
Exports growth (%) -1.8% 9.5% 10.1% 2.3% -19.2% 2.0%
Imports of Goods 387,375 420,790 464,850 455,828 377,826 387,764
Imports growth (%) -2.1% 8.6% 10.5% -1.9% -17.1% 2.6%
Foreign Trade (% GDP) 71% 72% 75% 73% 77% 74%
             
Current Account Balance -24,311 -20,495 -23,004 -2,444 -22,345 -20,000
% GDP -2.3% -1.8% -1.9% -0.2% -2.3% -1.9%
Foreign Direct Investment 37,685 32,978 38,644 28,882 15,466 23,765
% GDP 3.5% 2.8% 3.2% 2.3% 1.6% 2.3%
   

 

Disclaimer

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