Mexico

The United Mexican States is a federal republic located in southern North America, with its capital in Mexico City. Due to its geographical proximity to the North American market, it is strongly integrated into the international trade structure and is positioned as 1 of the major economies holding an important economic status in the Latin American region.

Looking at key indicators as of 2025, nominal GDP (in USD) is approximately 1.8326 trillion USD (up 0.1% year-on-year), and the total population is approximately 131.95 million people (up 0.8% year-on-year). In terms of economic growth, a slowing trend is evident, with the real GDP growth rate staying at 0.6% (down 0.8 pt compared to the previous year) and the per capita real GDP growth rate turning negative to -0.3% (down 0.7 pt compared to the previous year). Nominal GDP per capita also stood at 13,889.2 USD (down 0.7% year-on-year). Meanwhile, the unemployment rate remained at a low level of 2.7% (virtually flat compared to the previous year), and the consumer price inflation rate slowed to 3.8% (down 0.9 pt compared to the previous year).

In the external and macroeconomic environment, trade (as a percentage of GDP) stood at a high level of 79.9% (up 4.5 pt compared to the previous year), indicating a high degree of dependence on external demand and international transactions. The current account balance (as a percentage of GDP) was -0.5% (an improvement of 0.4 pt compared to the previous year), showing a narrowing deficit trend. In addition, the real interest rate saw its margin of increase narrow to 4.0% (down 3.2 pt compared to the previous year). Meanwhile, government debt (as a percentage of GDP) as of 2024 expanded to 50.3% (up 5.1 pt compared to the previous year), making fiscal developments a focus of attention.