Mexico Country Profile by Andaman Partners

Country Profiles

Mexico

Profile in Brief

NOTE: This is a brief summary of the full Country Profile, which can be viewed or downloaded at the link below.

Mexico has a GDP of USD 1.9 trillion (2024) with real GDP growth of 1.5%, driven by nearshoring-related investment and a strong trade relationship with its neighbour, the U.S.

Mexico has a total land area of 1.9 million square kilometres.

Government is a federal republic with a president.

Economy at a Glance
GDP Overview (2024)

Mexico’s GDP is forecast to reach USD 2 trillion in 2030, when GDP per capita is forecast to reach USD 15,589, which will be on the same level as Argentina and significantly higher than Brazil.

From 4% in 2020, the unemployment rate has decreased post-COVID-19 to 3% in 2024. Mexico’s currency has been volatile compared to its peers.

Central government debt has been low and stable at 24% in 2023. Household expenditure has been increasing rapidly post-COVID-19.

Trade Profile (2024)

Mexico’s total trade amounted to USD 1.2 trillion in 2024, with imports only slightly exceeding exports. Metals, Electronics & Machinery was the trade sector, followed by Transport Vehicles & Equipment.

Leading export partners (2024): U.S. (USD 503.3 billion), Canada (USD 18.6 billion), China (USD 9.1 billion).

Leading import partners (2024): U.S. (USD 252.2 billion), China (USD 129.8 billion), South Korea (USD 23.0 billion).

To download the full Country Profile, please see the option below.

ANDAMAN PARTNERS supports international business ventures and growth. We help launch global initiatives and accelerate successful expansion across borders. If your business, operations or project requires cross-border support, contact connect@andamanpartners.com.

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