Mexico's Macroeconomic Overview
- Mexico has more than 126 million inhabitants (48.8% men and 51.2% women).
- The annual inflation rate was 3.51% in July 2025.
Source: Data México & INEGI.
- In the first quarter of 2025, the labor force participation rate in Mexico was 59.2% (60.5 million).
- In the first quarter of 2025 the unemployment rate was 2.46% (1.49 million people).
Source: Data México.
- The exchange rate of Mexican pesos to US dollars is 19.22, as of May 2025.
Source: Banco de México
Foreign Trade
- Mexico is the 15th largest economy in the world (IMF, 2025).
- By the first quarter of 2025, Mexico's gross domestic product (GDP) stood at $34.650 trillion Mexican pesos, which represented an increase of 7.7% compared to the same quarter of 2024.
- It has 14 free trade agreements with 50 countries and 30 investment promotion agreements with 31 countries.
Source: Ministry of Economy, IMF, INEGI, Data Mexico & USTR.
In 2024, Mexico was the second-largest destination for the United States exports and the top source of imports.
- In 2024, the United States goods and services trade with Mexico totaled an estimated $935.1 billion dollars, up 5.5 % ($49.0 billion dollars) from 2023.
- In 2024, the United States services imports from Mexico were $45.1 billion dollars, up 4% ($1.7 billion dollars) from 2023.
- In 2024, the United States had a foreign direct investment (FDI) in Mexico of $16.5 billion dollars, an increase compared to 2023 with $2.8 billion dollars.
International Sales, Exports and Imports
- In 2024, Mexico's international sales amounted to $612,227 billion dollars.
Source: Data México & INEGI.
- By the first semester of 2025, the value of total imports was $311, 295 billion dollars and exports totaled $312, 728 billion dollars. The trade balance showed a surplus of $1.433 billion dollars.
Foreign Direct Investment
- FDI in Mexico reached 36,872 million US dollars from January to December 2024. The reference rate, as of May 26, 2025, was 8.50%.
Quarterly FDI in Mexico
Source: Data México & Banco de México
Telecommunications
Telecommunications sector in Mexico
- In the last decade, the Information and Communication Technologies (ICT) sector grew approximately three times faster than the overall economy in OECD countries.
- Mexico ranks as the fifth country with one of the highest average growth rates in the ICT sector over the last decade (7.92%), surpassing the OECD average growth rate (6.2%). In 2023, ICT growth in Mexico was 7.59%, just 0.01% below the OECD average (7.6%).
Source: OECD Digital Economy Outlook
- Mexico has 71.5% share of households with broadband connections.
- Furthermore, in 2024, 59.2% of the adult population in Mexico avoided using certain websites, apps, or social media for privacy reasons.
Source: OECD Going Digital
- The telecommunications sector contributed 1.7% to Mexico's GDP in 2024 and represented $368 million dollars of foreign direct investment in the same year (BIT, 2024).
National GDP and the Telecommunications Sector
Source: BIT
- In the last quarter of 2024, the Mass Media Information sector (including Telecommunications) recorded a gross domestic product (GDP) of $475, 049 billion Mexican pesos, showing an increase of 5.13% compared to the previous quarter.
Source: Data Mexico
Housing Services and Connectivity
ICT usage highlights in 2024:
- 100.2 million Internet users (83.1%) (86.9% urban and 68.5 rural).
- 28.8 million of households have internet access (73.6%).
- 17.2 million of households have a computer (43.9%).
- 35.3 million households have a television (90.2%).
- 37.2 million people have radio (30.8%)
- 98.6 million people have cell phone users (81.7%)
Source: ENDUTIH