Mexico: External debt
* indicates monthly or quarterly data series
| Mexico |
External debt, percent of GDP |
|---|---|
| Latest value | 31.89 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1990 - 2024 |
| Average | 33.24 |
| Min - Max | 21.37 - 55.01 |
| Source | The World Bank |
The latest value from 2024 is 31.89 percent, a decline from 33.14 percent in 2023. In comparison, the world average is 132.26 percent, based on data from 119 countries. Historically, the average for Mexico from 1990 to 2024 is 33.24 percent. The minimum value, 21.37 percent, was reached in 2008 while the maximum of 55.01 percent was recorded in 2020.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: The total debt of public and private borrowers held by non-residents as percent of GDP. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 101.00 | 2023 | percent |
| Trade openness | 74.37 | 2024 | percent |
| Financial openness | 1.028 | 2022 | index points |
| Exports, percent of GDP | 36.70 | 2024 | percent |
| Exports, billion dollars | 726.56 | 2025 | billion U.S. dollars |
| Growth of exports | 6.96 | 2025 | percent |
| Imports, percent of GDP | 37.89 | 2024 | percent |
| Imports, billion dollars | 738.16 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.45 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 45.47 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -5,304.67 | 2024 | million dollars (current) |
| Current account, percent of GDP | -0.90 | 2024 | percent |
| Current account, in dollars | -8.20 | 2025 | billion U.S. dollars |
| Current Account, quarterly | 0.01 | 3/2026 | percent |
| Trade balance, percent of GDP | -1.18 | 2024 | percent |
| Trade balance, in dollars | -27.63 | 2024 | billion U.S. dollars |
| Reserves | 232.04 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 3.64 | 2024 | percent |
| Remittances | 64,391.62 | 2025 | million U.S. dollars |
| Net errors and omissions | 4,734.22 | 2024 | million USD |
| External debt | 31.89 | 2024 | percent |
| Short-term external debt | 10.61 | 2024 | percent |
| Short-term debt to reserves | 27.07 | 2024 | percent |
| External debt in foreign currencies | 63.43 | 2024 | percent |