Markets Actual Q1 Q2 Q3 Q4 2020
Currency 19.11 19.92 20.13 20.35 20.57 21.02
Stock Market (points) 44241.54 41106 40535 39972 39413 38325
Government Bond 10Y (%) 8.69 8.74 8.83 8.91 9 9.19
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.80 0.4 0.6 0.6 0.6 0.9
GDP Annual Growth Rate (%) 2.50 2.3 2.4 2.3 2 1.4
Unemployment Rate (%) 3.30 3.2 3.4 3.6 3.4 3.6
Inflation Rate (%) 4.83 4.5 4.3 4.1 3.9 3.8
Inflation Rate Mom (%) 0.70 0.6 0.4 -0.1 0.3 0.3
Interest Rate (%) 8.25 8.25 8.25 8.25 8.5 8.5
Balance of Trade (USD Million) -2382.00 2000 -400 -800 1500 2000
Current Account (USD Million) -5081.50 -4800 -3400 -4600 -4350 -3700
Current Account to GDP (%) -1.60 -1 -1 -1 -1 -0.8
Government Debt to GDP (%) 46.40 47 47 47 47 47
Government Budget (% of GDP) -2.90 -2.8 -2.8 -2.8 -2.8 -2.8
Business Confidence (Index Points) 49.20 50.3 50.3 50.1 50.4 51
Manufacturing PMI 49.70 51.2 51.6 52 52.1 51.7
Consumer Confidence (Index Points) 105.65 101 101 99.8 100 102
Retail Sales MoM (%) -1.00 0.6 -0.1 1.1 0.8 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.80 0.4 0.6 0.6 0.6 0.9
GDP Annual Growth Rate (%) 2.50 2.3 2.4 2.3 2 1.4
GDP (USD Billion) 1149.92 1220 1220 1220 1220 1260
GDP Constant Prices (MXN Million) 18610326.00 18618209 18604794 18753067 18982533 19248288
Gross Fixed Capital Formation (MXN Million) 3751715.65 3850121 3809135 3780491 3826750 3880324
GDP per capita (USD) 9946.16 10000 10000 10000 10000 11500
GDP per capita PPP (USD) 17336.47 18100 18100 17581 18100 18350
GDP From Agriculture (MXN Million) 491385.00 561174 614018 495154 501213 508230
GDP From Construction (MXN Million) 1288945.00 1326176 1317571 1318591 1314724 1333130
GDP From Manufacturing (MXN Million) 2965041.00 2890704 2985772 2987783 3024342 3066683
GDP From Mining (MXN Million) 896682.00 956318 933549 917306 914616 927420
GDP From Public Administration (MXN Million) 686638.84 725143 765559 702432 700372 710177
GDP From Services (MXN Million) 11628126.28 11408343 11857759 11717314 11860689 12026738
GDP From Transport (MXN Million) 1208225.00 1183059 1228317 1217492 1232390 1249643
GDP From Utilities (MXN Million) 294583.00 254278 279092 296842 300475 304681
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.30 3.2 3.4 3.6 3.4 3.6
Labor Force Participation Rate (%) 59.50 59.3 59.2 59.81 59.4 59.7
Wages (MXN/Day) 352.70 382 373 368 379 397
Wages in Manufacturing (USD/Hour) 2.30 2.3 2.4 2.4 2.9 3
Minimum Wages (MXN/Day) 102.68 103 103 103 103 112
Population (Million) 123.52 125 125 125 125 126
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Wages Low Skilled (MXN/Month) 5390.00 5600 5600 5600 5600 5800
Wages High Skilled (MXN/Month) 17200.00 17000 17000 17000 17000 17800
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 (%) 96.74 98 98.2 96.63 98.5 98.8
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 4.83 4.5 4.3 4.1 3.9 3.8
Inflation Rate Mom (%) 0.70 0.6 0.4 -0.1 0.3 0.3
Consumer Price Index CPI (Index Points) 103.02 104 104 105 106 110
Core Consumer Prices (Index Points) 101.58 125 103 104 126 127
Core Inflation Rate (%) 3.69 3.3 3.2 3 3.2 2.8
Producer Prices (Index Points) 130.81 133 136 135 137 143
Export Prices (Index Points) 110.67 112 110 110 112 114
Import Prices (Index Points) 233.77 233 233 234 233 234
Producer Prices Change (%) 6.51 6.3 6 5.7 5.3 4.5
Food Inflation (%) 5.47 3.1 3.2 3.3 3.3 3.4
CPI Transportation (Index Points) 102.71 102 103 106 107 111
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 8.25 8.25 8.25 8.25 8.5 8.5
Interbank Rate (%) 8.41 8.25 8.25 8.25 8.25 8.25
Foreign Exchange Reserves (USD Million) 176573.00 178000 178000 177000 179000 185000
Deposit Interest Rate (%) 2.70 2.7 2.7 2.7 2.7 2.7
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -2382.00 2000 -400 -800 1500 2000
Current Account (USD Million) -5081.50 -4800 -3400 -4600 -4350 -3700
Current Account to GDP (%) -1.60 -1 -1 -1 -1 -0.8
Imports (USD Million) 40926.11 38500 38500 38000 38500 39000
Exports (USD Million) 38544.27 38000 37500 37200 39000 40000
External Debt (USD Million) 451594.30 438000 440000 444000 444000 445500
Terms of Trade (Index Points) 47.34 48.07 47.21 47.01 48.07 48.72
Foreign Direct Investment (USD Million) 4135.00 6650 6700 6750 6750 6850
Remittances (USD Million ) 8432.03 8200 8250 8350 8300 8400
Tourist Arrivals (Thousand) 1932.22 2100 2000 1400 1800 2500
Capital Flows (USD Million) -17.50 -30 -15 -18 -24 -30
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 46.40 47 47 47 47 47
Government Budget (% of GDP) -2.90 -2.8 -2.8 -2.8 -2.8 -2.8
Government Budget Value (MXN Million) -40905.70 -40000 -58000 -85000 -320000 -295000
Government Spending (MXN Million) 2120744.19 2221656 2284426 2169521 2163159 2193443
Fiscal Expenditure (MXN Million) 467117.60 460000 480000 470000 765000 745000
Military Expenditure (USD Million) 5532.60 5100 5100 5100 5100 4800
Taxes Actual Q1 Q2 Q3 Q4 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 7.58 7.58 7.56
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 49.20 50.3 50.3 50.1 50.4 51
Manufacturing PMI 49.70 51.2 51.6 52 52.1 51.7
Industrial Production (%) -1.30 -2.3 0.6 -1.2 1.6 1.4
Industrial Production Mom (%) -0.60 0.5 0.3 0.14 0.3 0.2
Manufacturing Production (%) 1.40 2 2.1 2.3 2.4 2.6
Car Production (Thousand Units) 237.68 335 340 335 350 360
Leading Economic Index (%) 2.90 2.1 2.2 2.2 2.2 2.4
Private Investment (%) 3.40 3.3 3.1 -2.16 3.1 3.1
Mining Production (%) -8.00 -7.1 -6.7 -6.8 -7.2 -8
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 105.65 101 101 99.8 100 102
Retail Sales MoM (%) -1.00 0.6 -0.1 1.1 0.8 0.7
Retail Sales YoY (%) 3.00 3.6 3.3 3.7 3.6 3.2
Consumer Spending (MXN Million) 12501730.41 14000000 12412758 12597619 15000000 15000000
Personal Savings (%) 21.50 21.2 21.77 21.77 21.77 22
Gasoline Prices (USD/Liter) 0.97 0.91 0.89 0.87 0.85 0.85
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) -3.30 -1.4 -1.1 -1.83 2.3 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.