FAQs
What is the national debt of Mexico in 2024? ›
What was Mexico's National Government Debt in Mar 2024? Mexico National Government Debt reached 960.4 USD bn in Mar 2024, compared with 926.6 USD bn in the previous month. See the table below for more data.
What is the total national debt of Mexico? ›National debt of Mexico from 2007 to 2029 (in billion U.S. dollars)
Mexico's 2024 federal budget projects government spending rising to 26.4 percent of GDP from 25.6 percent of GDP in 2023 and from a 10-year average of 24.7 percent of GDP. Social programs remain a priority, representing about 50 percent of the total budget.
Why was Mexico in so much debt? ›The most immediate factor is the 50 percent drop in oil prices since late last year sharply revenues from Mexican oil exports, which are critical to the country's foreign exchange earnings, thus making it very difficult for Mexico to meet its debt obligations underlying factors stem from Mexico's huge public sector, ...
What is the debt in 2024? ›Debt held by the public is projected to grow to $25,910 billion (98.4 percent of GDP) at the end of 2023 and $27,783 billion (102.0 percent of GDP) at the end of 2024. After 2024, debt held by the public as a percent of GDP is projected to gradually increase, reach- ing 109.8 percent in 2033.
How much does the US owe Mexico? ›The United States has a services trade surplus of an estimated $8.8 billion with Mexico in 2018, up 19.1% from 2017. Mexico is owed about $34 billion by the United States. !!
What country did Mexico owe money to? ›This angered Great Britain, Spain and France, countries which were owed a great deal of money. The three nations agreed to work together to force Mexico to pay.
What country has the lowest debt? ›Countries with the Lowest National Debt
- Brunei. 3.2%
- Afghanistan. 7.8%
- Kuwait. 11.5%
- Democratic Republic of Congo. 15.2%
- Eswatini. 15.5%
- Palestine. 16.4%
- Russia. 17.8%
Inflation Rate in Mexico increased to 4.65 percent in April from 4.42 percent in March of 2024. Inflation Rate in Mexico is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
What is the tax rate in Mexico in 2024? ›The tax rate depends on the amount of income received. The top marginal rate for 2024 is 35%. The tax is withheld at source and remitted to the Mexican tax authorities by the Mexican employer.
What will happen to the economy in 2024? ›
Economic Growth
In calendar year 2023, the U.S. economy grew faster than it did in 2022, even as inflation slowed. Economic growth is projected to slow in 2024 amid increased unemployment and lower inflation. CBO expects the Federal Reserve to respond by reducing interest rates, starting in the middle of the year.
Incomes and imports dropped; economic growth stagnated; unemployment rose to high levels; and inflation reduced the buying power of the middle classes. In fact, in the ten years after 1980, real wages in urban areas actually dropped between 20 and 40 percent.
Is Mexico debt free? ›Public debt in Mexico in 2022 was 48.3% of GDP. For more public debt information, visit our dedicated page.
When Mexico could not repay its debt? ›Finally, in August 1982, Mexico said, "Sorry, we can't service our debt any more." This ignited a global crisis. It was not just Mexico that had the balance of payments problem. One by one, debtor countries declared similar inability to repay.
What is the GDP forecast for Mexico in 2024? ›Consumer prices rose by 3.16% (68.5% y/y) in March, lower than both our expectation and consensus (3.5% and 3.6%, respectively). We expect annual consumer inflation to reach 45% by 2024 end under the assumption of 3.5% GDP growth in 2024, gradual currency depreciation and continuing demand restrictive policies.
How much is New Mexico in debt? ›In the fiscal year of 2019, the state of New Mexico had state debt totaling 7.5 billion U.S. dollars. However, the local government debt was higher at 9.29 billion U.S. dollars.
How much money does the US government give Mexico every year? ›From fiscal year 2019 through fiscal year 2022, State/INL allocated about $374 million and USAID allocated about $99 million for programs under the Mérida Initiative and the Framework, according to data provided by the agencies.
