Mexico Government Debt: % of GDP
2005 - 2024 | Quarterly | % | CEIC Data
Key information about Mexico Government Debt: % of GDP
- Mexico Government debt accounted for 48.2 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 51.6 % in the previous quarter.
- Mexico government debt to GDP ratio data is updated quarterly, available from Dec 2005 to Jun 2024.
- The data reached an all-time high of 56.2 % in Mar 2021 and a record low of 20.3 % in Dec 2008.
CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling average of quarterly annualized Nominal GDP. Government Debt is calculated as a sum of Domestic Government Debt and External Government Debt. The Secretary of Finance and Public Credit provides Government Debt in USD and local currency. The National Institute of Statistics and Geography provides annualized Nominal GDP in local currency. The Federal Reserve Board period end market exchange rate is used for Government Debt and average market exchange rate is used for Nominal GDP currency conversions. Government Debt covers Central Government only.
Related information about Mexico Government Debt: % of GDP
- In the latest reports, Mexico National Government Debt reached 920.7 USD bn in Jul 2024.
- The country's Nominal GDP reached 397.5 USD bn in Mar 2023.
View Mexico's Government Debt: % of GDP from Dec 2005 to Jun 2024 in the chart:
What was Mexico's Government Debt: % of GDP in Jun 2024?
Mexico Government debt accounted for 48.2 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 51.6 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 48.2 Jun 2024 | 51.6 Mar 2024 | 20.3 Dec 2008 | 56.2 Mar 2021 | % | quarterly | Dec 2005 - Jun 2024 |
Government Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 53.7 Jun 2024 | quarterly | Sep 2010 - Jun 2024 |
| Algeria (%) | 48.9 2023 | yearly | 1997 - 2023 |
| Argentina (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
| Armenia (%) | 48.5 Jun 2024 | quarterly | Dec 2013 - Jun 2024 |
| Australia (%) | 38.1 2023 | yearly | 1999 - 2023 |
| Austria (%) | 83.0 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Azerbaijan (%) | 16.8 2021 | yearly | 2008 - 2021 |
| Bahrain (%) | 88.7 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
| Bangladesh (%) | 26.4 2024 | yearly | 2010 - 2024 |
| Belarus (%) | 35.9 Mar 2022 | quarterly | Dec 2003 - Mar 2022 |
| Belgium (%) | 108.2 Mar 2024 | quarterly | Dec 1980 - Mar 2024 |
| Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (%) | 19.1 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 17.2 Jun 2023 | quarterly | Jun 2014 - Jun 2023 |
| Brazil (%) | 77.8 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Bulgaria (%) | 22.4 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
| Cambodia (%) | 25.3 2022 | yearly | 2013 - 2022 |
| Canada (%) | 69.6 2024 | yearly | 1962 - 2024 |
| Chile (%) | 40.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| China (%) | 24.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Colombia (%) | 58.8 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Croatia (%) | 61.5 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Cyprus (%) | 70.5 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Czech Republic (%) | 42.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Denmark (%) | 33.7 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Ecuador (%) | 66.9 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 |
| Estonia (%) | 23.8 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| European Union (%) | 81.5 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Finland (%) | 80.0 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| France (%) | 110.6 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Georgia (%) | 38.3 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Germany (%) | 62.0 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Ghana (%) | 72.3 2023 | yearly | 2006 - 2023 |
| Greece (%) | 163.6 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| Hong Kong SAR, China (%) | 50.2 2023 | yearly | 2003 - 2023 |
| Hungary (%) | 75.8 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
| Iceland (%) | 64.2 2023 | yearly | 1998 - 2023 |
| India (%) | 58.3 Jun 2024 | quarterly | Mar 2012 - Jun 2024 |
| Indonesia (%) | 38.9 Sep 2024 | quarterly | Jun 2015 - Sep 2024 |
| Iran (%) | 7.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Ireland (%) | 42.8 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Israel (%) | 60.3 2023 | yearly | 1995 - 2023 |
| Italy (%) | 139.8 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
| Japan (%) | 218.7 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Jordan (%) | 89.5 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Kazakhstan (%) | 21.7 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Kenya (%) | 67.2 Jun 2024 | quarterly | Dec 2009 - Jun 2024 |
| South Korea (%) | 46.1 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| Kosovo (%) | 19.9 2022 | yearly | 2009 - 2022 |
| Kuwait (%) | 0.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Kyrgyzstan (%) | 43.0 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Latvia (%) | 46.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Lebanon (%) | 150.6 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 37.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Luxembourg (%) | 26.8 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| North Macedonia (%) | 54.5 Jun 2024 | quarterly | Dec 2009 - Jun 2024 |
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Malaysia (%) | 65.4 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Malta (%) | 47.1 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Mauritius (%) | 69.3 Dec 2023 | quarterly | Jun 2003 - Dec 2023 |
| Mexico (%) | 48.2 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Moldova (%) | 34.9 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mongolia (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 |
| Montenegro (%) | 62.1 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Morocco (%) | 71.5 2022 | yearly | 1994 - 2022 |
| Nepal (%) | 39.9 2021 | yearly | 1990 - 2021 |
| Netherlands (%) | 43.2 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| New Zealand (%) | 42.6 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Nigeria (%) | 49.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Norway (%) | 44.3 2023 | yearly | 1995 - 2023 |
| Oman (%) | 36.5 2023 | yearly | 1990 - 2023 |
| Pakistan (%) | 72.4 2023 | yearly | 2000 - 2023 |
| Palestinian Territory (%) | 126.9 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Panama (%) | 61.2 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
| Paraguay (%) | 36.2 Jun 2024 | quarterly | Dec 2014 - Jun 2024 |
| Peru (%) | 32.7 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Philippines (%) | 61.3 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Poland (%) | 52.3 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
| Portugal (%) | 100.6 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
| Romania (%) | 51.1 Jun 2024 | quarterly | Dec 2011 - Jun 2024 |
| Russia (%) | 14.6 Mar 2024 | quarterly | Dec 2011 - Mar 2024 |
| Saudi Arabia (%) | 28.4 Jun 2024 | quarterly | Dec 2016 - Jun 2024 |
| Serbia (%) | 52.4 Jun 2024 | quarterly | Sep 2004 - Jun 2024 |
| Singapore (%) | 174.1 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Slovakia (%) | 60.5 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Slovenia (%) | 69.5 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
| South Africa (%) | 74.6 Jun 2024 | quarterly | Dec 1960 - Jun 2024 |
| Spain (%) | 105.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Sri Lanka (%) | 98.8 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Sweden (%) | 30.2 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Switzerland (%) | 23.3 2028 | yearly | 1990 - 2028 |
| Taiwan (%) | 29.1 2023 | yearly | 1996 - 2023 |
| Tajikistan (%) | 36.3 2021 | yearly | 1999 - 2021 |
| Thailand (%) | 55.8 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Tunisia (%) | 79.7 Dec 2021 | monthly | Apr 2011 - Dec 2021 |
| Turkey (%) | 26.1 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| Ukraine (%) | 79.4 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
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| 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: Capital Account (USD mn) | -2.737 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Current Account (CA) (USD mn) | 3,638.815 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Capital Account: Debit (USD mn) | 48.887 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Capital Account: Credit (USD mn) | 46.150 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: Financial Derivatives (USD mn) | 839.712 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 |
| 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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