Markets Actual Q4 Q1 Q2 Q3 2020
Currency 19.16 19.91 20.08 20.26 20.44 20.8
Stock Market (points) 43479.98 42392 41781 41179 40585 39425
Government Bond 10Y (%) 6.88 6.96 7.05 7.13 7.22 7.39
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.00 0.6 0.8 0.5 1 0.9
GDP Annual Growth Rate (%) -0.80 0.6 1 1.3 1.5 1.5
Unemployment Rate (%) 3.70 3.6 3.6 3.7 3.7 3.8
Inflation Rate (%) 3.00 3.3 3.4 3.2 3.1 3
Inflation Rate Mom (%) 0.26 0.3 0.5 0.3 0.2 0.2
Interest Rate (%) 7.75 7.5 7.5 7.5 7.5 7.25
Balance of Trade (USD Million) 775.00 500 -2200 -800 -1500 1000
Current Account (USD Million) 5142.70 -1800 -8500 -4200 -3900 -3700
Current Account to GDP (%) -1.80 -1 -0.8 -0.8 -0.8 -0.8
Government Debt to GDP (%) 46.00 45.3 47 47 47 47
Government Budget (% of GDP) -2.00 -2.8 -2.6 -2.6 -2.6 -2.6
Business Confidence (Index Points) 50.30 49.9 50.2 50.5 50.7 51
Manufacturing PMI 49.10 49.9 51.5 50.9 50.3 48.8
Consumer Confidence (Index Points) 44.70 42.6 43.1 43.6 44 45
Retail Sales MoM (%) 0.00 0.8 0.4 0.2 0.5 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 Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.00 0.6 0.8 0.5 1 0.9
GDP Annual Growth Rate (%) -0.80 0.6 1 1.3 1.5 1.5
GDP (USD Billion) 1223.81 1270 1320 1320 1320 1320
GDP Constant Prices (MXN Million) 18537324.00 18893735 18949578 18718941 18778309 19158247
Gross Fixed Capital Formation (MXN Million) 3583821.00 3807991 3819247 3730506 3741586 3861303
GDP per capita (USD) 10385.30 10400 10500 10500 10500 10500
GDP per capita PPP (USD) 18101.90 18300 18450 18450 18450 18450
GDP From Agriculture (MXN Million) 617592.06 721834 723967 595736 625621 731939
GDP From Construction (MXN Million) 1198286.00 1324315 1328229 1298411 1213864 1342856
GDP From Manufacturing (MXN Million) 2960421.00 2980798 2989608 2948003 2998906 3022529
GDP From Mining (MXN Million) 838614.00 862064 864612 870769 849516 874133
GDP From Public Administration (MXN Million) 719268.33 726758 728906 693686 728619 736933
GDP From Services (MXN Million) 11766399.20 12328352 12364790 11644398 11919362 12500949
GDP From Transport (MXN Million) 1222085.00 1242984 1246658 1196169 1237972 1260386
GDP From Utilities (MXN Million) 278788.00 272340 273145 255484 282412 276152
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.70 3.6 3.6 3.7 3.7 3.8
Labor Force Participation Rate (%) 60.40 59.4 59.5 59.7 59.6 59.7
Wages (MXN/Day) 379.67 379 385 382 380 397
Wages in Manufacturing (USD/Hour) 2.60 2.9 2.4 2.5 2.5 3
Minimum Wages (MXN/Day) 102.68 103 112 112 112 112
Population (Million) 125.33 126 126 126 126 126
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 (%) 96.26 96.6 97 97.2 97.3 97.5
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 3.00 3.3 3.4 3.2 3.1 3
Inflation Rate Mom (%) 0.26 0.3 0.5 0.3 0.2 0.2
Consumer Price Index CPI (Index Points) 103.94 107 107 107 107 111
Core Consumer Prices (Index Points) 104.32 105 106 106 107 109
Core Inflation Rate (%) 3.75 3.5 3.4 3.2 3 3.2
Producer Prices (Index Points) 99.96 102 102 102 102 104
Producer Prices Change (%) 2.81 2.6 2.7 2.5 2.4 2.5
CPI Transportation (Index Points) 104.27 106 106 107 107 110
Food Inflation (%) 3.90 3.3 3.4 3.3 3.2 3.2
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 7.75 7.5 7.5 7.5 7.5 7.25
Interbank Rate (%) 8.20 8.52 8.52 8.12 8.12 8.52
Foreign Exchange Reserves (USD Million) 189351.00 185000 180000 178500 179100 182000
Deposit Interest Rate (%) 3.70 2.7 2.7 3.48 3.48 2.7
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) 775.00 500 -2200 -800 -1500 1000
Current Account (USD Million) 5142.70 -1800 -8500 -4200 -3900 -3700
Current Account to GDP (%) -1.80 -1 -0.8 -0.8 -0.8 -0.8
Imports (USD Million) 39655.11 38500 39400 39500 36600 39000
Exports (USD Million) 40430.13 39000 38600 38000 37500 40000
External Debt (USD Million) 457279.90 444000 444000 460814 467000 445500
Foreign Direct Investment (USD Million) 5703.40 6750 11000 7000 6500 6850
Remittances (USD Million ) 9402.60 8300 7800 8200 8500 8400
Tourist Arrivals (Thousand) 1751.36 2400 2200 2100 1350 2500
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 46.00 45.3 47 47 47 47
Government Budget (% of GDP) -2.00 -2.8 -2.6 -2.6 -2.6 -2.6
Government Spending (MXN Million) 2168414.00 2226507 2233088 2165390 2171821 2257678
Taxes Actual Q4 Q1 Q2 Q3 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 7.56 7.56 7.56 7.56
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 50.30 49.9 50.2 50.5 50.7 51
Manufacturing PMI 49.10 49.9 51.5 50.9 50.3 48.8
Industrial Production (%) -1.30 1.6 1.3 1.5 1.6 1.8
Industrial Production Mom (%) 0.80 0.3 0.2 0.4 0.1 0.2
Manufacturing Production (%) -0.48 2 2.2 2.3 2.4 2.6
Car Production (Thousand Units) 318.91 350 358 360 330 360
Leading Economic Index (%) 0.30 0.6 1.2 1.5 1.7 1.6
Private Investment (%) -7.60 1.5 2 2.5 2.1 2.3
Mining Production (%) -3.18 -7.2 -7 -6.3 -6.8 -8
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 44.70 42.6 43.1 43.6 44 45
Retail Sales MoM (%) 0.00 0.8 0.4 0.2 0.5 0.7
Retail Sales YoY (%) 2.10 3.6 3.4 3 2.8 3.2
Consumer Spending (MXN Million) 12279080.00 13009279 13047730 13047730 12302686 13191409
Gasoline Prices (USD/Liter) 0.98 0.96 0.93 0.85 0.82 0.93
Housing Actual Q4 Q1 Q2 Q3 2020
Construction Output (%) -2.88 -2.5 0.5 1.1 1.8 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.