Mexico
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.
Mexico Economic Update
Economic activity improves; Mexico’s outlook revised up
The latest data available show industrial production, employment, exports and retail sales increased. The peso gained ground against the dollar in October, while inflation continued at a steady pace.
November 17, 2020
Dallas Fed Economics
Global Perspectives: Banco de México’s Alejandro Díaz de León on COVID-19, trade and inflation targeting
Díaz de León and Dallas Fed President Robert S. Kaplan discussed COVID-19, the United States–Mexico–Canada Agreement (USMCA) and inflation targeting.
October 27, 2020
Mexico Economic Update
Mexico’s Economy Shows Signs of Improvement
Mexico’s economic recovery from the COVID-19-induced recession began in June when the monthly economic activity index expanded at a rapid pace.
September 23, 2020
Mexico Economic Update
Mexico Sees Historic Drop in Economic Growth in Second Quarter; Outlook Worsens
Mexico’s gross domestic product (GDP) contracted an annualized 53.2 percent in second quarter 2020—its largest quarterly drop on record—due to the COVID-19 pandemic.
August 04, 2020
Mexico Economic Update
Mexico’s First-Quarter Growth Revised Up; Outlook Deteriorates
The latest data available show that exports, industrial production, employment and retail sales fell. Inflation increased, and the peso gained ground against the dollar in May.
June 24, 2020
Mexico Economic Update
Mexico Economic Growth Tumbles in First Quarter; Outlook Worsens Considerably
Mexico’s gross domestic product (GDP) contracted an annualized 6.2 percent in first quarter 2020—the largest quarterly drop since 2009 during the global financial crisis.
May 08, 2020
Mexico’s higher costs under USMCA may potentially offset gains from China-related trade spurt with U.S.
Approval of the United States–Mexico–Canada Agreement (USMCA) could change trade within the North American region, affecting
output and weakening North America’s global competitiveness.
April 06, 2020
Mexico seeks to reduce consumers' longstanding reliance on cash
Unlike the U.S., where consumers opt to pay with debit and credit cards or via apps, Mexico and its large informal economy continue to rely on hard cash. A new digital payment platform from the nation’s central bank aims to reduce the role of currency.
April 06, 2020
Migrant apprehensions at U.S.–Mexico border spike in 2019
Apprehensions of migrants at the U.S. southern border surged in spring 2019.
April 06, 2020
Mexico Economic Update
Mexico’s Economy Contracts in 2019; Outlook Worsens
More recent private forecasts see Mexico’s economy shrinking by as much as 4.0 percent as concerns intensify over the impact of the coronavirus (COVID-19) on global growth.
March 27, 2020