Mexico Domestic Credit Growth
2002 - 2024 | Monthly | % | CEIC Data
Key information about Mexico Domestic Credit Growth
- Mexico Domestic Credit increased 14.2 % YoY in Aug 2024, compared with an increase of 12.5 % YoY in the previous month
- Mexico Domestic Credit Growth YoY data is updated monthly
- It averaged 8.6 %, available from Dec 2002 to Aug 2024
- The data reached an all-time high of 20.1 % in Jun 2016 and a record low of -4.7 % in Jun 2021
CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency.
Further information about Mexico Domestic Credit Growth
- In the latest reports, Mexico Domestic Credit reached 734.5 USD bn in Aug 2024
- Money Supply M2 in Mexico increased to 707.1 USD bn YoY in May 2023
- Mexico Foreign Exchange Reserves was measured at 201.5 USD bn in Aug 2024
- The Foreign Exchange Reserves equaled 3.5 Months of Import in Aug 2024
- The country's Non Performing Loans Ratio stood at 1.9 % in Jun 2024, compared with the ratio of 1.9 % in the previous quarter
- Household Debt of Mexico reached 16.5 % in Jun 2024, accounting for 16.5 % of the country's Nominal GDP
View Mexico's Domestic Credit Growth from Dec 2002 to Aug 2024 in the chart:
What was Mexico's Domestic Credit Growth in Aug 2024?
Mexico Domestic Credit increased 14.2 % YoY in Aug 2024, compared with an increase of 12.5 % YoY in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 14.2 Aug 2024 | 12.5 Jul 2024 | -4.7 Jun 2021 | 20.1 Jun 2016 | % | monthly | Dec 2002 - Aug 2024 |
Domestic Credit Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 10.2 Sep 2024 | monthly | Dec 2003 - Sep 2024 |
| Algeria (%) | 12.6 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Argentina (%) | 162.2 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
| Armenia (%) | 21.8 Aug 2024 | monthly | Dec 1994 - Aug 2024 |
| Australia (%) | -1.1 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Austria (%) | -1.8 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Azerbaijan (%) | 0.4 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Bahrain (%) | 7.6 Sep 2024 | monthly | Sep 1992 - Sep 2024 |
| Bangladesh (%) | 9.1 Sep 2024 | monthly | Jul 1988 - Sep 2024 |
| Belarus (%) | 13.0 Sep 2024 | monthly | Dec 2007 - Sep 2024 |
| Belgium (%) | -0.3 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Bolivia (%) | 6.3 Oct 2023 | monthly | Dec 2002 - Oct 2023 |
| Bosnia and Herzegovina (%) | 10.9 Sep 2024 | monthly | Aug 1998 - Sep 2024 |
| Botswana (%) | 29.7 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Brazil (%) | 15.0 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Brunei (%) | 20.6 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Bulgaria (%) | 13.8 Sep 2024 | monthly | Dec 1994 - Sep 2024 |
| Cambodia (%) | 2.3 Aug 2024 | monthly | Dec 1995 - Aug 2024 |
| Canada (%) | 2.3 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Chile (%) | 5.1 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
| China (%) | 8.5 Sep 2024 | monthly | Jun 2000 - Sep 2024 |
| Colombia (%) | 6.3 Jul 2024 | monthly | Jan 1994 - Jul 2024 |
| Croatia (%) | 5.9 Dec 2022 | monthly | Jun 1995 - Dec 2022 |
| Cyprus (%) | -2.3 Sep 2024 | monthly | Nov 2006 - Sep 2024 |
| Czech Republic (%) | 7.4 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Denmark (%) | -4.7 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Ecuador (%) | 4.7 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Egypt (%) | 29.1 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Estonia (%) | 3.6 Jul 2024 | monthly | Jun 1993 - Jul 2024 |
| European Union (%) | -1.4 Jul 2024 | monthly | Sep 1998 - Jul 2024 |
| Finland (%) | -4.8 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| France (%) | 1.9 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Georgia (%) | 21.3 Sep 2024 | monthly | Oct 1996 - Sep 2024 |
| Germany (%) | -7.5 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Ghana (%) | -5.2 Apr 2024 | monthly | Jan 1968 - Apr 2024 |
| Greece (%) | 2.4 Jul 2024 | monthly | Jan 2002 - Jul 2024 |
| Hong Kong SAR, China (%) | -2.3 May 2024 | monthly | Dec 1991 - May 2024 |
| Hungary (%) | 6.0 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Iceland (%) | 8.0 Aug 2024 | monthly | Sep 1994 - Aug 2024 |
| India (%) | 11.0 Aug 2024 | monthly | Mar 2000 - Aug 2024 |
| Indonesia (%) | 8.1 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| Iran (%) | 25.8 Feb 2017 | monthly | Jan 1965 - Feb 2017 |
| Ireland (%) | -2.7 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Israel (%) | 9.7 Aug 2024 | monthly | Dec 2000 - Aug 2024 |
| Italy (%) | 1.8 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Ivory Coast (%) | 10.9 Aug 2024 | monthly | Jan 1965 - Aug 2024 |
| Japan (%) | 0.3 Aug 2024 | monthly | Apr 2004 - Aug 2024 |
| Jordan (%) | 3.0 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Kazakhstan (%) | 18.7 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Kenya (%) | 2.3 Sep 2024 | monthly | Dec 1996 - Sep 2024 |
| South Korea (%) | 5.7 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Kosovo (%) | 13.5 Sep 2024 | monthly | Nov 2008 - Sep 2024 |
| Kuwait (%) | 2.9 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
| Kyrgyzstan (%) | 25.1 Sep 2024 | monthly | Dec 2003 - Sep 2024 |
| Laos (%) | 29.9 Jun 2024 | quarterly | Dec 1992 - Jun 2024 |
| Latvia (%) | 3.1 Jul 2024 | monthly | Jul 2004 - Jul 2024 |
| Lebanon (%) | 2.2 Jan 2018 | monthly | Mar 1966 - Jan 2018 |
| Lithuania (%) | 3.6 Jul 2024 | monthly | Dec 1994 - Jul 2024 |
| Luxembourg (%) | 1.2 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Macau SAR, China (%) | -3.1 Jul 2024 | monthly | Jun 1985 - Jul 2024 |
| North Macedonia (%) | 8.1 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
| Malawi (%) | 53.0 Aug 2024 | monthly | Jan 1976 - Aug 2024 |
| Malaysia (%) | 5.4 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
| Malta (%) | 8.0 Aug 2024 | monthly | Jan 2009 - Aug 2024 |
| Mauritius (%) | 11.6 Aug 2024 | monthly | Jun 2006 - Aug 2024 |
| Mexico (%) | 14.2 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Moldova (%) | 14.4 Sep 2024 | monthly | Jan 2001 - Sep 2024 |
| Mongolia (%) | 28.2 Sep 2024 | monthly | Dec 1993 - Sep 2024 |
| Montenegro (%) | 1.3 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Morocco (%) | 6.5 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Mozambique (%) | 13.5 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
| Myanmar (%) | 16.4 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
| Nepal (%) | 6.6 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Netherlands (%) | -4.5 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| New Zealand (%) | 1.4 Sep 2024 | monthly | Mar 1989 - Sep 2024 |
| Nigeria (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Norway (%) | 3.5 Sep 2024 | monthly | Dec 1986 - Sep 2024 |
| Oman (%) | 4.6 Aug 2024 | monthly | Dec 2000 - Aug 2024 |
| Pakistan (%) | 16.1 Sep 2024 | monthly | Jun 2009 - Sep 2024 |
| Palestinian Territory (%) | 4.9 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Panama (%) | 5.0 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Paraguay (%) | 14.0 Apr 2024 | monthly | Dec 2002 - Apr 2024 |
| Peru (%) | 17.5 Jul 2024 | monthly | Jan 1993 - Jul 2024 |
| Philippines (%) | 11.3 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Poland (%) | 4.7 Aug 2024 | monthly | Dec 1997 - Aug 2024 |
| Portugal (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Qatar (%) | 4.3 Sep 2024 | monthly | Jan 2008 - Sep 2024 |
| Romania (%) | 11.9 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Russia (%) | 20.2 Sep 2024 | monthly | Dec 2001 - Sep 2024 |
| Saudi Arabia (%) | 21.6 Dec 2017 | quarterly | Mar 1969 - Dec 2017 |
| Serbia (%) | 4.0 Sep 2024 | monthly | Dec 2004 - Sep 2024 |
| Singapore (%) | 3.7 Sep 2024 | monthly | Mar 2005 - Sep 2024 |
| Slovakia (%) | 2.3 Jul 2024 | monthly | Jan 2007 - Jul 2024 |
| Slovenia (%) | 3.3 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
| South Africa (%) | 7.8 Aug 2024 | monthly | Mar 1966 - Aug 2024 |
| Spain (%) | -2.1 Jul 2024 | monthly | Jan 2000 - Jul 2024 |
| Sri Lanka (%) | 2.6 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Sudan (%) | 82.5 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
| Sweden (%) | -5.8 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Switzerland (%) | 1.9 Sep 2024 | monthly | Dec 1988 - Sep 2024 |
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Learn more about what we doMexico Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.1 Jun 2024 | quarterly | Dec 1980 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -229.524 Aug 2024 | monthly | Jan 1977 - Aug 2024 |
| Tax Revenue (USD mn) | 20,784.424 Aug 2024 | monthly | Jan 1977 - Aug 2024 |
| Tax Revenue: % of GDP (%) | 15.1 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| National Government Debt (USD mn) | 901,949.6 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Government Debt: % of GDP (%) | 48.2 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Forecast: Government Expenditure (MXN bn) | 11,652.146 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (MXN bn) | 26,401.275 2029 | yearly | 1996 - 2029 |
| Forecast: Government Revenue (MXN bn) | 10,439.952 2029 | yearly | 1990 - 2029 |
| External Public Debt: Gross (USD mn) | 206,913.000 Feb 2019 | monthly | Jan 1990 - Feb 2019 |
| Domestic Public Debt: Gross Debt (MXN mn) | 7,093,613.000 Feb 2019 | monthly | Dec 2005 - Feb 2019 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 3,745.4 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Current Account Balance (USD mn) | -14,282.0 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
| Current Account Balance: % of GDP (%) | 0.7 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 6,656.7 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Foreign Direct Investment: % of GDP (%) | 1.4 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | -5,987.023 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -1.2 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -3,724.7 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -2,262.343 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| External Debt (USD mn) | 447,827.9 Dec 2021 | quarterly | Mar 2002 - Dec 2021 |
| External Debt: % of GDP (%) | 33.1 2023 | yearly | 2002 - 2023 |
| External Debt: Short Term (USD mn) | 62,513.7 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| External Debt: Short Term: % of GDP (%) | 3.4 2023 | yearly | 2002 - 2023 |
| Total Debt: % of GDP (%) | 106.2 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Forecast: Current Account Balance (USD bn) | -20.878 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | -680,266.473 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Domestic Public Debt: Long Term (MXN mn) | 12,581,598.300 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Domestic Public Debt: Short Term (MXN mn) | 774,861.300 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| BoP: Current Account (CA) (USD mn) | 3,638.815 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Capital Account: Credit (USD mn) | 46.150 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Capital Account (USD mn) | -2.737 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Capital Account: Debit (USD mn) | 48.887 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Financial Account (FA) (USD mn) | 5,678.907 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: FA: Direct Investment (DI) (USD mn) | -2,911.353 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: FA: Portfolio Investment (PI) (USD mn) | 8,232.730 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: FA: Other Investment (USD mn) | -5,734.485 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: FA: Reserve Assets (USD mn) | 5,252.303 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Errors and Omissions (USD mn) | 2,042.829 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: FA: Financial Derivatives (USD mn) | 839.712 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Gross External Debt: OS: NF: Public Corp (USD mn) | 94,691.200 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Gross External Debt: OS: NF: Private (USD mn) | 119,088.500 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| FDI: Manufacturing (USD th) | 3,942,928.989 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: Commerce (USD th) | 579,448.632 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: Transport & Storage (USD th) | 31,046.845 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: Financial & Insurance Services (USD th) | -987,103.989 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: Financial and Insurance Svcs (USD th) | 2,495,000.000 2018 | yearly | 1999 - 2018 |
| Foreign Direct Investment: Germany (USD th) | 2,604,400.000 2018 | yearly | 1999 - 2018 |
| FDI: Canada (USD th) | 225,759.407 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: Germany (USD th) | 1,916,694.400 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: Japan (USD th) | 1,079,215.340 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: Spain (USD th) | 637,886.315 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| FDI: United States (USD th) | -35,887.941 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.0 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| Household Debt: % of GDP (%) | 16.5 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Non-Performing Loans (USD mn) | 7,344.819 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
| Money Supply M1 (USD mn) | 387,572.590 Sep 2024 | monthly | Dec 1985 - Sep 2024 |
| Money Supply M2 (USD mn) | 707,141.239 May 2023 | monthly | Dec 1985 - May 2023 |
| M2 Growth (%) | 12.7 Sep 2024 | monthly | Dec 1986 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 201,960.3 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 10.372 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.0 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Gold Reserves (USD mn) | 10,177.880 Sep 2024 | monthly | Dec 1956 - Sep 2024 |
| Total Deposits (USD mn) | 441,767.520 Sep 2024 | monthly | Jan 1998 - Sep 2024 |
| Total Deposits Growth (%) | 8.9 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
| Domestic Credit (USD mn) | 734,499.7 Aug 2024 | monthly | Dec 2001 - Aug 2024 |
| Domestic Credit Growth (%) | 14.2 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 5.300 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Credit to Households (USD bn) | 305.082 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 696.602 Dec 2023 | quarterly | Dec 1980 - Dec 2023 |
| Household Debt (USD mn) | 296,530.7 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
| Total Loans (USD mn) | 435,441.244 Sep 2024 | monthly | Dec 2000 - Sep 2024 |
| Total Loans Growth (%) | 10.94 Sep 2024 | monthly | Dec 2001 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 19.96 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| ORA: Gold incl Gold on Loans (USD mn) | 5,083.121 Feb 2019 | monthly | Jan 2000 - Feb 2019 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.8 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
| PMI: sa (Point) | 51.758 Mar 2019 | monthly | Jan 2004 - Mar 2019 |
| Composite Coincident Index: sa (2013=100) | 113.000 Jan 2019 | monthly | Jan 1980 - Jan 2019 |
| Composite Leading Index: sa (2013=100) | 104.600 Jan 2019 | monthly | Jan 1980 - Jan 2019 |
| Composite Coincident Index: sa: 2018=100 (2018=100) | 101.000 Aug 2024 | monthly | Jan 1980 - Aug 2024 |
| Composite Leading Index: sa: 2018=100 (2018=100) | 107.100 Aug 2024 | monthly | Jan 1980 - Aug 2024 |
More Indicators for Mexico
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