Markets Actual Q2 Q3 Q4 Q1 2020
Currency 19.16 19.13 19.32 19.52 19.72 20.12
Stock Market (points) 43445.62 43968 43349 42738 42136 40956
Government Bond 10Y (%) 8.06 8.19 8.28 8.37 8.46 8.65
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -0.20 0.4 0.6 0.6 0.8 0.9
GDP Annual Growth Rate (%) 1.30 1.9 1.9 1.5 1.8 1.4
Unemployment Rate (%) 3.20 3.4 3.6 3.6 3.6 3.8
Inflation Rate (%) 4.41 3.6 3.7 3.6 3.4 3.7
Inflation Rate Mom (%) 0.05 0.4 -0.1 0.3 0.5 0.3
Interest Rate (%) 8.25 8 8 8 8.25 8.25
Balance of Trade (USD Million) 1429.00 -1000 -800 500 -2200 1000
Current Account (USD Million) -3424.00 -1900 -5000 -1800 -8500 -3700
Current Account to GDP (%) -1.60 -1 -1 -1 -0.8 -0.8
Government Debt to GDP (%) 46.00 45.3 45.3 45.3 47 47
Government Budget (% of GDP) -2.00 -2.8 -2.8 -2.8 -2.6 -2.6
Business Confidence (Index Points) 53.00 50.9 50.5 50.4 50.2 51
Manufacturing PMI 50.10 50.8 49.5 49.9 52 48.8
Consumer Confidence (Index Points) 113.70 118 110 108 105 104
Retail Sales MoM (%) 1.20 -0.1 1.1 0.8 0.4 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) -0.20 0.4 0.6 0.6 0.8 0.9
GDP Annual Growth Rate (%) 1.30 1.9 1.9 1.5 1.8 1.4
GDP (USD Billion) 1150.89 1220 1220 1220 1260 1260
GDP Constant Prices (MXN Million) 18614517.00 18573403 18685827 18893735 18949578 19158247
Gross Fixed Capital Formation (MXN Million) 3751715.65 3802825 3775464 3807991 3819247 3861303
GDP per capita (USD) 9946.16 10000 10000 10000 11500 11500
GDP per capita PPP (USD) 17336.47 18100 17581 18100 18350 18350
GDP From Agriculture (MXN Million) 711166.10 612001 493713 721834 723967 731939
GDP From Construction (MXN Million) 1304744.00 1294835 1298214 1324315 1328229 1342856
GDP From Manufacturing (MXN Million) 2936747.00 2980874 2983059 2980798 2989608 3022529
GDP From Mining (MXN Million) 849324.00 916853 900646 862064 864612 874133
GDP From Public Administration (MXN Million) 716017.67 752349 690992 726758 728906 736933
GDP From Services (MXN Million) 12146159.32 11837978 11697513 12328352 12364790 12500949
GDP From Transport (MXN Million) 1224615.00 1226147 1215517 1242984 1246658 1260386
GDP From Utilities (MXN Million) 268315.00 278610 297234 272340 273145 276152
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 3.20 3.4 3.6 3.6 3.6 3.8
Labor Force Participation Rate (%) 60.00 59.2 59.81 59.4 59.5 59.7
Wages (MXN/Day) 372.83 373 368 379 385 397
Wages in Manufacturing (USD/Hour) 2.50 2.4 2.4 2.9 2.4 3
Minimum Wages (MXN/Day) 102.68 103 103 103 112 112
Population (Million) 125.33 125 125 125 126 126
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 (%) 96.75 96.7 96.63 96.6 97 98
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 4.41 3.6 3.7 3.6 3.4 3.7
Inflation Rate Mom (%) 0.05 0.4 -0.1 0.3 0.5 0.3
Consumer Price Index CPI (Index Points) 103.53 103 105 107 107 111
Core Consumer Prices (Index Points) 103.04 103 104 105 106 109
Core Inflation Rate (%) 3.55 3.4 3.3 3.5 3.4 3.3
Producer Prices (Index Points) 130.80 134 133 136 135 141
Producer Prices Change (%) 4.52 4.5 4 3.7 3.5 4
CPI Transportation (Index Points) 103.95 102 105 106 107 110
Food Inflation (%) 4.41 3.8 3.5 3.3 3.4 3.4
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 8.25 8 8 8 8.25 8.25
Interbank Rate (%) 8.50 8.25 8.25 8.25 8.5 8.5
Foreign Exchange Reserves (USD Million) 182071.00 178000 177000 179000 180000 185000
Deposit Interest Rate (%) 3.69 3.44 3.44 3.44 3.69 3.69
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) 1429.00 -1000 -800 500 -2200 1000
Current Account (USD Million) -3424.00 -1900 -5000 -1800 -8500 -3700
Current Account to GDP (%) -1.60 -1 -1 -1 -0.8 -0.8
Imports (USD Million) 37531.22 38500 38000 38500 38000 39000
Exports (USD Million) 38960.72 37500 37200 39000 35800 40000
External Debt (USD Million) 446097.80 440000 444000 444000 444000 445500
Foreign Direct Investment (USD Million) 5029.80 6700 6750 6750 6750 6850
Remittances (USD Million ) 7699.06 8250 8350 8300 8300 8400
Tourist Arrivals (Thousand) 2359.79 2000 1400 1800 2200 2500
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 46.00 45.3 45.3 45.3 47 47
Government Budget (% of GDP) -2.00 -2.8 -2.8 -2.8 -2.6 -2.6
Government Spending (MXN Million) 2193603.00 2245006 2134168 2226507 2233088 2257678
Taxes Actual Q2 Q3 Q4 Q1 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 7.56 7.56
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 53.00 50.9 50.5 50.4 50.2 51
Manufacturing PMI 50.10 50.8 49.5 49.9 52 48.8
Industrial Production (%) -0.15 0.6 -1.2 1.6 1.3 1.4
Industrial Production Mom (%) -1.30 0.3 0.14 0.3 0.2 0.2
Manufacturing Production (%) 2.78 1.6 1.4 2 2.2 2.6
Car Production (Thousand Units) 299.71 340 335 350 358 360
Leading Economic Index (%) 1.10 2 2.2 2.2 2 2.4
Private Investment (%) -1.90 3.1 -2.16 3.1 3.5 3.4
Mining Production (%) -6.00 -6.7 -6.8 -7.2 -7 -8
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 113.70 118 110 108 105 104
Retail Sales MoM (%) 1.20 -0.1 1.1 0.8 0.4 0.7
Retail Sales YoY (%) 1.80 3.3 3.7 3.6 3.4 3.2
Consumer Spending (MXN Million) 12817024.00 12392193 12580866 13009279 13047730 13191409
Gasoline Prices (USD/Liter) 1.04 0.97 0.94 0.92 0.9 0.9
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) -2.87 -1.1 -1.83 2.3 2 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.