Gross public sector debt as a share of gross domestic product in Mexico
Mexico: Gross public sector debt as a share of gross domestic product was 46.0% in 2024. ▲ Rising
Gross public sector debt as a share of gross domestic product in Mexico, 2008–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for gross public sector debt as a share of gross domestic product in Mexico is 46.0%, measured in 2024. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 15.4% on the previous year and up 46.3% over ten years.
Over the whole period, gross public sector debt as a share of gross domestic product in Mexico peaked at 46.0% in 2024 and was at its lowest, 22.9%, in 2008.
Mexico ranks 32nd of 49 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Gross public sector debt as a share of gross domestic product in Mexico, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 22.9% | — |
| 2009 | 26.2% | +14.1% |
| 2010 | 25.7% | -1.7% |
| 2011 | 26.6% | +3.2% |
| 2012 | 26.9% | +1.4% |
| 2013 | 29.5% | +9.6% |
| 2014 | 31.4% | +6.5% |
| 2015 | 33.8% | +7.4% |
| 2016 | 35.9% | +6.2% |
| 2017 | 34.3% | -4.5% |
| 2018 | 34.4% | +0.4% |
| 2019 | 35.2% | +2.2% |
| 2020 | 40.3% | +14.6% |
| 2021 | 40.1% | -0.5% |
| 2022 | 39.4% | -1.7% |
| 2023 | 39.9% | +1.2% |
| 2024 | 46.0% | +15.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.6% | 22.9% | 26.2% | 2 |
| 2010s | 31.4% | 25.7% | 35.9% | 10 |
| 2020s | 41.1% | 39.4% | 46.0% | 5 |
Countries ranked near Mexico
- 29 Seychelles 46.8% compare
- 30 Netherlands 46.4% compare
- 31 Malta 46.0% compare
- 33 South Korea 45.5% compare
- 34 Germany 43.7% compare
- 35 Czechia 43.5% 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)
- Services, value added (current US$), annual growth rate 0.5468 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.589 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 8,181 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.67 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 11.33 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 157,378 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.31 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4653 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross public sector debt as a share of gross domestic product in Mexico?
- Gross public sector debt as a share of gross domestic product in Mexico was 46.0% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest gross public sector debt as a share of gross domestic product recorded in Mexico?
- The highest recorded value was 46.0% in 2024.
- What is the lowest gross public sector debt as a share of gross domestic product recorded in Mexico?
- The lowest recorded value was 22.9% in 2008.
- How does Mexico rank for gross public sector debt as a share of gross domestic product?
- Mexico ranks 32nd out of 49 countries with data for 2024.
- Is gross public sector debt as a share of gross domestic product rising or falling in Mexico?
- Over the last ten years it is up 46.3%. The long-run trend across the full record is rising.
- Where does this Mexico data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Gross public sector debt as a share of gross domestic product. Statizoid updates them automatically from the source API.
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About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).