Government gross debt in Mexico

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 62.7% 2027: 63.1% 2028: 63.1% 2029: 63.3% 2030: 63.4% 2031: 63.6%

41.7 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	41.7
Jan 1998	39.7
Jan 1997	39.1
Jan 1996	42.5

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Mexico's government debt is the stock of public sector liabilities owed to its creditors. It is shown in absolute terms and, above all, as a share of GDP, with the Historical Balance of Public Sector Borrowing Requirements the headline measure.

How it's calculated

It is published by the Ministry of Finance (SHCP), summing the public sector's domestic and external debt, with monthly data. The debt-to-GDP ratio sets that stock against the economy and distinguishes net from gross debt.

Market implications

The debt level shapes fiscal sustainability, peso and dollar funding costs and fiscal room, and is watched by rating agencies. The weight of foreign-currency debt and of Pemex makes Mexico sensitive to the exchange rate and emerging-market risk appetite.

Limitations

It is a figure prone to revision, and the ratio depends on the debt stock, nominal GDP and the exchange rate, which revalues foreign-currency debt. Pemex and CFE liabilities are a material risk not always visible in the headline.