Nominal GDP for Mexicio was $1,857bn in 2024, up from $1,800bn in 2023. The Mexican population was estimated at 130.9m in 2024 according to the IMF, while the United States is Mexico’s biggest trading partner.
Variables Surveyed for Mexico
Variables covered in our monthly analysis of Mexico include:
- Gross Domestic Product
- Private Consumption
- Gross Fixed Investment
- Manufacturing Production
- Consumer Prices
- Average Industrial Wages
- Public Sector Budget Balance
- Merchandise Exports
- Merchandise Imports
- Trade Balance
- Current Account Balance
- Interest Rates
- Foreign Currency Reserves
- Peso Currency Forecasts
- Country Risk Indicators
- Monthly Inflation Forecasts
Consensus Forecasts for Mexico
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the IMF, the ECLAC and OECD. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Latin American Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Mexico on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation, and
- Sectoral Growth and Foreign Direct Investment
Main Data Sources for Mexico
- National Institute of Statistics and Geography: The National Institute of Statistics and Geography is an autonomous agency of the Mexican Government dedicated to coordinate the National System of Statistical and Geographical Information of the country.
- Banco de Mexico: The Bank of Mexico, or Banxico, is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Latin America
Alongside this country forecast, explore the other economies covered by our Latin America forecast publication.