Mexico: economy

How is Mexico's economy doing this month?

Mexico's Global Indicator of Economic Activity (IGAE) rose 0.8% in July 2026 from June and 3.3% from July 2025, in seasonally adjusted real terms, according to INEGI's IGAE bulletin of 24 September 2026.

The IGAE is INEGI's monthly proxy for GDP, built from much of the same data, so it gives an earlier reading of activity than the quarterly accounts. It is an index with 2018 = 100 and stood at 107.8 in July. INEGI's bulletin gives the next release date as 23 October 2026. Monthly figures are revised as fuller data come in.

Official sources: INEGI: IGAE, July 2026 (PDF)

Is Mexican industrial production growing?

Mexico's industrial activity rose 0.6% in August 2026 from July and 3.6% from August 2025, in seasonally adjusted real terms, according to INEGI's monthly industrial activity indicator (IMAI) of 12 October 2026.

The indicator covers mining, electricity, gas and water, construction and manufacturing. It is an index with 2018 = 100. Industry makes up a large part of Mexico's exports, so the series is followed closely alongside trade figures. INEGI's bulletin gives the next release date as 11 November 2026.

Official sources: INEGI: IMAI, August 2026 (PDF)

Which sectors drive Mexico's GDP growth?

In the second quarter of 2026, Mexico's GDP rose 1.4% from the previous quarter, according to INEGI's quarterly GDP bulletin of 24 August 2026. Primary activities (agriculture, livestock, forestry and fishing) grew 2.4%, secondary activities (industry) 1.6% and tertiary activities (services) 1.4%, all seasonally adjusted and in real terms.

Compared with the second quarter of 2025, GDP grew 1.9%, with primary activities up 4.8%, industry 0.9% and services 2.3%. Services make up the largest share of output, so their growth weighs most in the total. INEGI's next GDP release is due on 23 November 2026.

Official sources: INEGI: quarterly GDP at constant prices, Q2 2026 (PDF)

Does Mexico have a trade surplus?

Mexico had a small goods trade surplus of about US$0.6 billion in August 2026, with exports of US$78.01 billion and imports of US$77.41 billion, according to the Bank of Mexico's merchandise trade table (CE125). In July, imports of US$82.27 billion exceeded exports of US$81.42 billion.

Manufactured goods made up US$73.62 billion of August exports, and oil products US$1.58 billion. Imports of intermediate goods used by industry were US$63.25 billion, the largest category of imports.

Official sources: Banxico SIE: merchandise trade balance (CE125)

What is Mexico's current account balance?

Mexico had a current account surplus of US$8.93 billion in the second quarter of 2026, equal to 1.65% of GDP, according to the Bank of Mexico's balance of payments (CE174) and balance of payments as a share of GDP (CE158). In the first quarter there was a deficit of US$18.23 billion, or 3.61% of GDP.

The current account adds trade in goods and services, income and transfers such as remittances, which are a large inflow for Mexico. Quarterly balances swing with seasonal patterns, so the four-quarter total gives a steadier picture.

Official sources: Banxico SIE: balance of payments (CE174) · Banxico SIE: balance of payments as % of GDP (CE158)

What is Mexico's economic growth rate?

The latest figure from the World Bank, for 2025, is 0.6%. Since 2005 it has ranged from -8.4% (2020) to 6.0% (2021). Latin America & Caribbean median: 2.7%; Mexico is 26th highest of 31. Worldwide: 164th of 180.

What is Mexico's GDP per person?

The World Bank puts GDP per person in Mexico at $13,889 in 2025. The peak was $13,988 in 2024 and the low $8,424 in 2009. Latin America & Caribbean median: $10,989; Mexico is 12th highest of 31. Worldwide: 67th of 180.

What is Mexico's GDP per person adjusted for prices?

According to the World Bank, GDP per person at purchasing power parity in Mexico was $25,868 in international dollars in 2025. That is the highest since at least 2005. Latin America & Caribbean median: $22,756 in international dollars; Mexico is 13th highest of 30. Of 179 countries with 2025 data, 75th highest.

How much does Mexico export?

39.6% of GDP: that is exports of goods and services in Mexico for 2025, according to the World Bank. Its high point since 2005 was 2022, at 42.9% of GDP; its low point was 2005, at 25.5% of GDP. Across Latin America & Caribbean the middle value was 30.0% of GDP, and Mexico placed 2nd highest of 17. World rank, highest first: 60th of 133.

Does Mexico earn more abroad than it spends?

In 2025, the current account balance in Mexico was -0.5% of GDP, according to the IMF, which is a deficit. Since 2005 it has ranged from -2.6% of GDP (2015) to 2.4% of GDP (2020). Latin America & Caribbean median: -1.2% of GDP; Mexico is 10th highest of 27. World rank, highest first: 62nd of 132.

How much foreign investment does Mexico receive?

2.4% of GDP: that is net inflows of foreign direct investment in Mexico for 2025, according to the IMF. Its high point since 2005 was 2013, at 3.8% of GDP; its low point was 2012, at 1.5% of GDP. Across Latin America & Caribbean the middle value was 2.5% of GDP, and Mexico placed 17th highest of 31. World rank, highest first: 76th of 179.

What interest rate do banks charge in Mexico?

According to the IMF, the average bank lending rate in Mexico was 8.8% in 2025. Its high point since 2005 was 2023, at 11.6%; its low point was 2015, at 3.4%. Across Latin America & Caribbean the middle value was 8.8%, and Mexico placed 12th highest of 23. World rank, highest first: 37th of 73.