Mexico has more than 126 million inhabitants (48.8% men and 51.2% women).

The annual inflation rate was 3.67% in the first half of March 2025.

Source: Data México & INEGI.

In the third quarter of 2024, the labor force participation rate in Mexico was 60.4% (102 million).

The unemployment rate was 3% (1.84 million people).

Source: Data México.

The exchange rate of Mexican pesos to US dollars is 20.28, as of February 2025.

Source: Banco de México

Foreign Trade

Mexico is the 15th largest economy in the world (IMF, 2023).

By the fourth quarter of 2024, Mexico's GDP stood at $35.323 trillion Mexican pesos, which represented an increase of 6.1% compared to the same quarter of 2023.

It has 14 free trade agreements with 50 countries and 30 investment promotion agreements with 31 countries.

Mexico is the United States’ second largest trading partner.

From 2022-2023, U.S. goods exports to Mexico decreased by $19.336 billion; services exports decreased by $371 million.

In 2023, the United States had a foreign direct investment (FDI) in Mexico of $144,507 million dollars, an increase compared to 2022 with $130,794 million dollars.

Source: USTR & INEGI

International Sales

In 2023, Mexico's international sales amounted to 588.584 billion US dollars. International purchases exceeded 594 billion dollars.

Source: Data México.

Imports

By 2024, the value of total imports was $625.312 billion, 4.5% higher than in 2023.

Source: Balanza comercial de mercancías de México - INEGI

Foreign Direct Investment

FDI in Mexico reached 36,872 million US dollars from January to December 2024. The reference rate, as of February 17, 2025, was 9.50%.

Quarterly FDI in Mexico

Source: Data México & Banco de México

Telecommunications

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 1.6% to Mexico's GDP in 2024 and represented 35,738 million dollars of foreign direct investment in the same year (BIT, 2024).

National GDP and the Telecommunications Sector

Percentage of T&R in the National GDP (figures for the third quarter of each year)

FDI in the Telecommunications Sector in Mexico (Millions of dollars)

Source: BIT

In 2023, the Mass Media Information sector (including Telecommunications) recorded a gross domestic product (GDP) of 439,478 million Mexican pesos. In the second quarter of 2024, the Mass Media Information sector recorded a GDP of 457,927 million Mexican pesos.

Housing Services and Connectivity

52.1% of households have internet access. 37.6% have a computer. 87.5% have a mobile phone.

Source: Data México Telecomunicaciones

Internet users: 97 million people (81.2%)

Cell phone users: 97.2 million people (81.4%)

Source: ENDUTIH 2023

Computer users: 16.9 million households (43.8%)

Households with at least one television: 34.9 million (90.4%)