Markets Actual Q3 Q4 Q1 Q2 2020
Currency 19.91 19.32 19.5 19.67 19.85 20.21
Stock Market (points) 39862.07 39858 39300 38750 38209 37146
Government Bond 10Y (%) 6.96 7.59 7.68 7.77 7.86 8.03
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.00 0.4 0.6 0.8 0.6 0.9
GDP Annual Growth Rate (%) -0.80 1.5 1.3 1.8 1.7 1.5
Unemployment Rate (%) 3.60 3.6 3.6 3.6 3.7 3.8
Inflation Rate (%) 3.78 3 3.6 3.4 3.2 3.5
Inflation Rate Mom (%) 0.38 -0.1 0.3 0.5 0.3 0.2
Interest Rate (%) 8.00 8 8 7.75 7.5 7.25
Balance of Trade (USD Million) 2561.00 -800 500 -2200 -2200 1000
Current Account (USD Million) 5142.70 -5000 -1800 -8500 -4200 -3700
Current Account to GDP (%) -1.80 -1 -1 -0.8 -0.8 -0.8
Government Debt to GDP (%) 46.00 45.3 45.3 47 47 47
Government Budget (% of GDP) -2.00 -2.8 -2.8 -2.6 -2.6 -2.6
Business Confidence (Index Points) 49.50 50.5 50.4 50.2 50.5 51
Manufacturing PMI 49.80 49.3 49.9 51.5 50.9 48.8
Consumer Confidence (Index Points) 104.30 110 108 105 106 106
Retail Sales MoM (%) -0.50 1.1 0.8 0.4 0.2 0.7
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.00 0.4 0.6 0.8 0.6 0.9
GDP Annual Growth Rate (%) -0.80 1.5 1.3 1.8 1.7 1.5
GDP (USD Billion) 1223.81 1270 1270 1320 1320 1320
GDP Constant Prices (MXN Million) 18537324.00 18857442 18826530 18886554 18868001 19108928
Gross Fixed Capital Formation (MXN Million) 3693570.00 3789943 3716074 3760054 3756361 3771815
GDP per capita (USD) 10385.30 10400 10400 10500 10500 10500
GDP per capita PPP (USD) 18101.90 18300 18300 18450 18450 18450
GDP From Agriculture (MXN Million) 617592.06 499085 721538 601119 600529 732361
GDP From Construction (MXN Million) 1198286.00 1310243 1323119 1307190 1305906 1342966
GDP From Manufacturing (MXN Million) 2960421.00 3012455 2978594 2971354 2968435 3023273
GDP From Mining (MXN Million) 838614.00 907313 859137 877613 876751 872025
GDP From Public Administration (MXN Million) 719268.33 696945 725326 699140 698453 736206
GDP From Services (MXN Million) 11766399.20 11802109 12306695 11744141 11732604 12491295
GDP From Transport (MXN Million) 1222085.00 1223684 1238198 1201244 1200064 1256771
GDP From Utilities (MXN Million) 278788.00 299791 271800 255040 254789 275877
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.60 3.6 3.6 3.6 3.7 3.8
Labor Force Participation Rate (%) 60.50 59.2 59.4 59.5 59.7 59.7
Wages (MXN/Day) 380.72 368 379 385 382 397
Wages in Manufacturing (USD/Hour) 2.60 2.4 2.9 2.4 2.5 3
Minimum Wages (MXN/Day) 102.68 103 103 112 112 112
Population (Million) 125.33 125 125 126 126 126
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Wages High Skilled (MXN/Month) 17200.00 17000 17000 17000 17000 17800
Wages Low Skilled (MXN/Month) 5390.00 5600 5600 5600 5600 5800
Living Wage Family (MXN/Month) 7900.00 8450 8450 8450 8450 8500
Living Wage Individual (MXN/Month) 4320.00 4600 4600 4600 4600 4600
Employment Rate (%) 96.43 96.7 96.6 97 97.2 97.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 3.78 3 3.6 3.4 3.2 3.5
Inflation Rate Mom (%) 0.38 -0.1 0.3 0.5 0.3 0.2
Consumer Price Index CPI (Index Points) 103.69 104 107 107 107 110
Core Consumer Prices (Index Points) 103.79 104 105 106 106 109
Core Inflation Rate (%) 3.82 3.3 3.5 3.4 3.4 3.3
Producer Prices (Index Points) 131.72 133 136 135 134 141
Producer Prices Change (%) 3.38 2.7 2.6 2.7 2.5 2.5
CPI Transportation (Index Points) 104.29 105 106 107 107 110
Food Inflation (%) 5.44 3.5 3.3 3.4 3.3 3.2
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 8.00 8 8 7.75 7.5 7.25
Interbank Rate (%) 8.48 8.48 8.48 8.23 7.98 7.73
Foreign Exchange Reserves (USD Million) 186209.00 182000 179000 180000 178500 182000
Deposit Interest Rate (%) 3.73 3.73 3.73 3.48 3.23 2.98
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 2561.00 -800 500 -2200 -2200 1000
Current Account (USD Million) 5142.70 -5000 -1800 -8500 -4200 -3700
Current Account to GDP (%) -1.80 -1 -1 -0.8 -0.8 -0.8
Imports (USD Million) 35388.25 38000 38500 38600 38600 39000
Exports (USD Million) 37949.26 37200 39000 39400 38000 40000
External Debt (USD Million) 456251.30 458368 451897 464464 464008 458676
Foreign Direct Investment (USD Million) 5703.40 6750 6750 11000 7000 6850
Remittances (USD Million ) 9185.62 8350 8300 7800 8200 8400
Tourist Arrivals (Thousand) 2163.38 1400 2400 2200 2100 2500
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 46.00 45.3 45.3 47 47 47
Government Budget (% of GDP) -2.00 -2.8 -2.8 -2.6 -2.6 -2.6
Government Spending (MXN Million) 2143950.00 2142069 2211655 2182541 2180397 2244829
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Social Security Rate (%) 9.23 9.23 9.23 9.23 9.23 9.23
Social Security Rate For Companies (%) 7.58 7.58 7.58 7.56 7.56 7.56
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 49.50 50.5 50.4 50.2 50.5 51
Manufacturing PMI 49.80 49.3 49.9 51.5 50.9 48.8
Industrial Production (%) -2.91 -1.2 1.6 1.3 1.5 1.8
Industrial Production Mom (%) 1.10 0.3 0.3 0.2 0.4 0.2
Manufacturing Production (%) -0.83 1.4 2 2.2 2.3 2.6
Car Production (Thousand Units) 292.64 335 350 358 360 360
Leading Economic Index (%) -0.90 1.8 1.6 1.8 2 1.9
Private Investment (%) -7.40 3.1 1.5 2 2.5 2.3
Mining Production (%) -5.60 -6.8 -7.2 -7 -6.3 -8
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 104.30 110 108 105 106 106
Retail Sales MoM (%) -0.50 1.1 0.8 0.4 0.2 0.7
Retail Sales YoY (%) 1.00 3.7 3.6 3.4 3 3.2
Consumer Spending (MXN Million) 12144804.00 12702213 12988964 12363410 12351266 13183798
Gasoline Prices (USD/Liter) 1.02 0.99 0.97 0.94 0.92 0.92
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) -6.77 -1.1 2.3 2 1.1 2.4


This page has economic forecasts for Mexico including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mexico economy.