Central government debt, total in Mexico
Mexico: Central government debt, total was 50.3% in 2024. ▲ Rising
Central government debt, total in Mexico, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for central government debt, total in Mexico is 50.3%, measured in 2024. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 11.3% on the previous year and up 21.6% over ten years.
Over the whole period, central government debt, total in Mexico peaked at 50.3% in 2024 and was at its lowest, 18.2%, in 2000.
That places Mexico 47th out of 83 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Central government debt, total in Mexico, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 46.6% | — |
| 1991 | 38.2% | -18.0% |
| 1992 | 28.1% | -26.4% |
| 1993 | 19.2% | -31.6% |
| 1994 | 26.8% | +39.5% |
| 1995 | 30.7% | +14.5% |
| 1996 | 23.9% | -22.2% |
| 1997 | 19.7% | -17.5% |
| 1998 | 21.0% | +6.4% |
| 1999 | 19.5% | -7.3% |
| 2000 | 18.2% | -6.6% |
| 2019 | 41.3% | +127.2% |
| 2020 | 45.8% | +10.9% |
| 2021 | 44.9% | -2.1% |
| 2022 | 44.0% | -2.0% |
| 2023 | 45.2% | +2.7% |
| 2024 | 50.3% | +11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.4% | 19.2% | 46.6% | 10 |
| 2000s | 18.2% | 18.2% | 18.2% | 1 |
| 2010s | 41.3% | 41.3% | 41.3% | 1 |
| 2020s | 46.0% | 44.0% | 50.3% | 5 |
Countries ranked near Mexico
- 44 Papua New Guinea 52.0% compare
- 45 New Zealand 52.0% compare
- 46 Morocco 51.2% compare
- 48 Albania 50.0% compare
- 49 Armenia 47.9% compare
- 50 Republic of Korea 47.8% compare
More economy & growth data for Mexico
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate -5.3 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2261 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,140 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate -0.4705 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 4.35 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 60,415 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -6.35 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1618 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is central government debt, total in Mexico?
- Central government debt, total in Mexico was 50.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Mexico?
- The highest recorded value was 50.3% in 2024.
- What is the lowest central government debt, total recorded in Mexico?
- The lowest recorded value was 18.2% in 2000.
- How does Mexico rank for central government debt, total?
- Mexico ranks 47th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Mexico?
- Over the last ten years it is up 21.6%. The long-run trend across the full record is rising.
- Where does this Mexico data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.