Current account balance as a proportion of GDP (%) in Mexico
Mexico: Current account balance as a proportion of GDP (%) was -0.9% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Mexico, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Mexico is -0.9%, measured in 2024.
Compared with earlier readings it is down 28.8% on the previous year and up 50.5% over ten years.
Over the whole period, current account balance as a proportion of gdp in Mexico peaked at 2.4% in 2020 and was at its lowest, -2.6%, in 2015.
That places Mexico 101st out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Mexico, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -2.5% | — |
| 2001 | -2.2% | -11.8% |
| 2002 | -1.5% | -31.4% |
| 2003 | -0.5% | -65.6% |
| 2004 | -0.5% | -11.8% |
| 2005 | -0.6% | +34.2% |
| 2006 | -0.3% | -49.2% |
| 2007 | -0.8% | +166.8% |
| 2008 | -1.4% | +66.6% |
| 2009 | -0.8% | -46.6% |
| 2010 | -0.3% | -54.8% |
| 2011 | -0.9% | +152.6% |
| 2012 | -1.4% | +64.3% |
| 2013 | -2.4% | +69.8% |
| 2014 | -1.8% | -23.9% |
| 2015 | -2.6% | +42.7% |
| 2016 | -2.3% | -12.5% |
| 2017 | -1.8% | -20.9% |
| 2018 | -2.1% | +14.8% |
| 2019 | -0.3% | -85.6% |
| 2020 | 2.4% | -907.5% |
| 2021 | -0.3% | -114.5% |
| 2022 | -1.3% | +272.2% |
| 2023 | -0.7% | -45.7% |
| 2024 | -0.9% | +28.8% |
Mexico compared with similar countries
- Mexico's -0.9% is above the median for upper middle income countries, which is -2.1%, 43% of the median. (53 countries reporting)
- Mexico's -0.9% is above the median for Latin America & Caribbean, which is -1.6%, 56% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Mexico changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +907.5% | -0.3% | 2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.1% | -2.5% | -0.3% | 10 |
| 2010s | -1.6% | -2.6% | -0.3% | 10 |
| 2020s | -0.2% | -1.3% | 2.4% | 5 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Real gdp growth, annual growth rate -56.52 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.18 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 124.78 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7963 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 91.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 1.94 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Mexico?
- Current account balance as a proportion of gdp in Mexico was -0.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Mexico?
- The highest recorded value was 2.4% in 2020.
- What is the lowest current account balance as a proportion of gdp recorded in Mexico?
- The lowest recorded value was -2.6% in 2015.
- How does Mexico rank for current account balance as a proportion of gdp?
- Mexico ranks 101st out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Mexico?
- Over the last ten years it is up 50.5%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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