Home    About

Economy of Mexico

Population: 122 million in 20131

GDP: $1.26 trillion in 20132

GDP per capita: $10,307 nominal3 ($16,463 PPP4) in 2013

GDP growth rate: 2.1% in 20145


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities38634.1%
Wholesale, retail trade, restaurants and hotels19817.6%
Mining and utilities12511.1%
Transport, storage and communication978.6%
Agriculture, hunting, forestry, fishing383.4%
Total value added1,129100%


Unemployment rate: 4.9% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles10,66321.6%
Agriculture, forestry and fishing6,59313.4%
Accommodation and food service3,4797.1%
Public administration and defence2,3794.8%
Activities of households as employers2,1954.5%
Transportation and storage2,0264.1%
Other service1,6553.4%
Human health and social work1,4082.9%
Administrative and support service1,3302.7%
Professional, scientific and technical1,2152.5%
Finance and insurance5081.0%
Arts, entertainment and recreation4360.9%
Information and communication4270.9%
Not elsewhere classified2970.6%
Mining and quarrying2270.5%
Water supply, sewerage and waste management2120.4%
Real estate1620.3%
Electricity, gas, steam and air conditioning1060.2%
Extraterritorial organizations and bodies50.0%
Total employment49,275100%


Top 3 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
2America Movil545.170Telecommunicaitons

* Corporate data calculated using the exchange rate 14.66 MXN = 1 USD


Household Wealth: $2.61 trillion (207% of GDP) in 201410

Household Wealth per Adult: 35,234 in 201410

Gini Coefficient: .481 in 201211


Central Government

Central Government Revenue: $296 billion (24% of GDP) in 201312

Central Government Expenditure: $287 billion (23% of GDP)in 201312

Central Government Budget Balance: +$9 billion (+1% of GDP) in 201312

Central Government Public Debt: $368 billion (29% of GDP) in Q2 2014* 13

Central Government 10 Year Bond Interest Rate: 5.64% on Jan 12, 201514

* Public debt calculated using the exchange rate 14.66 MXN = 1 USD

Government Funds

Oil Revenues Stabilization Fund of Mexico: $1.9 billion (0.2% of GDP) in 201415

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 16

Corporate Tax Rate: 30% in 201417

* Individual thresholds calculated using the exchange rate 14.66 MXN = 1 USD

Monetary Policy

Money Supply (M1): $185 billion (15% of GDP) in Nov 2014* 18

Benchmark Interest Rate: 3% on Jan 12, 201519

Total Reserves: $180 billion (14% of GDP) in 201320

Exchange Rate: 14.66 Mexican Pesos = 1 U.S. Dollar on Jan 12, 201521

Inflation: 3.8% in 201322

* Money supply calculated using the exchange rate 14.66 MXN = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201223

RankFinancial InstitutionAssets ($ billions) 6/30/12
1BBVA Bancomer102
4Santander Mexico63
5HSBC Mexico38
7Scotiabank Inverlat16
8Deutsche Bank13

International Accounts

Exports: $371 billion (29% of GDP) in 201324

Imports: $371 billion (29% of GDP) in 201324

Trade Balance: $0 billion (0% of GDP) in 201324

Foreign Direct Investment Inflow: $35 billion (3% of GDP) in 201325

Foreign Direct Investment Outflow: $10 billion (1% of GDP) in 201325

Foreign Aid Inflow: $417 million (0.03% of GDP) in 201226

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: IMF World Economic Outlook (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stat Extracts, National Accounts, Quarter Public Sector Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Public funds) Go back
16. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: Banco de Mexico, Monetary aggregates (Money supply) Go back
19. Source: Banco de Mexico, Interest rates (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: OECD FDI in Figures (FDI data) Go back
26. Source: OECD Aid Statistics (Aid outlfow) Go back