Nominal GDP for Mexicio was MXN$26,274bn in 2021, down from MXN$23,416 in 2020. The Mexican population was estimated at 126.7m in 2021 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 hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF,  the ECLAC and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Latin American Conensus 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:

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 should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.