Spanish only 93.8, Spanish and indigenous languages, Nahuatl, and others) 5.4, indigenous only 0.6, unspecified 0.2
Economic Overview
Key economic indicators for Mexico
GDP:
$2.873 trillion
GDP per Capita:
$22,100
GDP Growth:
3.2%
Inflation:
5.53%
Unemployment:
2.81%
Public Debt:
45.26% of GDP
Credit Rating:
BBB (2020)
Political System
Governance structure of Mexico
Government Type:
federal presidential republic
Head of State:
President Claudia SHEINBAUM Pardo (since 1 October 2024)
Head of Government:
President Claudia SHEINBAUM Pardo (since 1 October 2024)
Judiciary:
Supreme Court of Justice or Suprema Corte de Justicia de la Nación (consists of the chief justice and 11 justices and organized into civil, criminal, administrative, and labor panels) and the Electoral Tribunal of the Federal Judiciary (organized into the superior court, with 7 judges including the court president, and 5 regional courts, each with 3 judges)
Administrative Divisions:
32 states (estados, singular - estado); Aguascalientes, Baja California, Baja California Sur, Campeche, Chiapas, Chihuahua, Coahuila, Colima, Cuidad de Mexico, Durango, Guanajuato, Guerrero, Hidalgo, Jalisco, Mexico, Michoacan, Morelos, Nayarit, Nuevo Leon, Oaxaca, Puebla, Queretaro, Quintana Roo, San Luis Potosi, Sinaloa, Sonora, Tabasco, Tamaulipas, Tlaxcala, Veracruz, Yucatan, Zacatecas
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
1911 Pennsylvania Avenue NW, Washington, DC 20006
Major Alliances and Organizations
OASOECD
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
3.8% (2023 est.)
Industry
31.6% (2023 est.)
Services
58.6% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$649.729 billion
Imports:
$674.695 billion
Major Trading Partners
USA 76
Canada 5
China 2
Germany 2
Spain 1
Economic Outlook
Mexico has a 3.2% GDP growth rate with 5.53% inflation. The economy is characterized by a strong agriculture sector.