By understanding Mexico and its economy, we can better understand our own economy. Learn about this unique and dynamic relationship with research from the Dallas Fed.
China remains modest player in U.S.–Mexico trade despite growing scrutiny
Understanding Mexico’s evolving economic linkages with East Asia and China is critical to the future of the United States–Mexico–Canada Agreement (USMCA trade accord) and the nearshoring and integration of North American manufacturing supply chains.
July 09, 2025
Declining immigration weighs on GDP growth, with little impact on inflation
In Depth: Unauthorized immigration surged sharply in 2021–24 but has since declined abruptly with negative implications for economic growth.
July 08, 2025
Mexico Economic Update
Mexico’s economy shows mixed signals
The latest data available indicated a mixed economic outlook as employment and remittances fell, while output primarily driven by agriculture, industrial production, exports and retail sales grew.
June 20, 2025
U.S. tariff outcomes dependent on trading partner responses
In Depth: U.S. tariff policy has historically shifted among competing goals: providing revenue, protecting domestic markets and opening foreign markets to domestic producers. These goals are unlikely to be achieved simultaneously.
May 13, 2025
Mexico Economic Update
Mexico’s economy continues to decelerate amid worsening economic outlook
The consensus forecast for 2025 real GDP growth (fourth quarter, year over year) compiled by Banco de México fell to 0.5 percent in March. The latest data available indicated a slowing economy.
April 23, 2025
Outlook for North American Trade and Immigration
Tariffs, immigration and nearshoring are the current defining topics for the U.S.–Mexico relationship. The Federal Reserve Bank of Dallas and the Peterson Institute for International Economics hosted this conference on the economic outlook for North America through the lens of these issues.
April 10, 2025
Weighing Texas economic resilience amid tariffs, workforce challenges
Ray Perryman, principal of Waco-based The Perryman Group, has been an observer of the Texas economy for more than four decades. He offers his views of what has propelled Texas since the 1980s oil bust and the state’s future prospects, and he recounts how he grew his economics firm.
March 07, 2025
Mexico Economic Update
Mexico’s economic growth slows in 2024; outlook weakens
Mexico’s GDP grew only 0.9 percent year over year in fourth quarter 2024, after expanding 2.4 percent in 2023 and 4.6 percent in 2022. Economic growth slowed, mainly due to lower investment, slowing consumption and a contracting energy sector.
March 04, 2025
Mexico, U.S. and China offer an evolving ‘triangular’ trade relationship
Enrique Dussel Peters, a professor at the Graduate School of Economics at the Universidad Nacional Autonóma de México and coordinator of the university’s Center for Chinese–Mexican Studies, discusses trade flows between the U.S., Mexico and China and their prospects.
March 03, 2025
Mexico Economic Update
Mexico’s economic growth surprises to the upside
The Mexican economy expanded an annualized 4.4 percent in the third quarter, according to official preliminary data. Output in both the services and goods-producing sectors increased, and heavy rainfall during the quarter helped the agricultural sector recover.
December 24, 2024