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
Mexico’s economy contracts at end of 2021
Mexico's GDP contracted an annualized 0.4 percent in fourth quarter 2021 after falling 1.7 percent in the third quarter, resulting in a preliminary estimate of 1.6 percent for 2021 GDP growth (fourth quarter/fourth quarter).
February 10, 2022
Southwest Economy, Third Quarter 2021
Missteps along U.S.–Mexico border hinder movement of COVID-19 biomedical trade
While most activity in the Paso del Norte region is concentrated in automotive parts and electronic components, a cluster of biomedical manufacturers has emerged in Juárez in recent years.
September 30, 2021
Conference Proceedings
Forging a New Path in North American Trade and Immigration
The proceedings from this 2019 conference explore challenges and opportunities presented by the USMCA.
July 13, 2021
Investment in Mexico falls despite rise in remittances
Mexico has grown more dependent on foreign direct investment and remittances after total investment declined sharply for a fourth consecutive year in 2020.
June 29, 2021
Southwest Economy, First Quarter 2021
COVID-19 poses stubborn challenge to economic growth in Mexico
Mexico,
confronting a high rate of
COVID-19 infection and
an ineffectual medical
response, recorded the
largest decline in gross
domestic product in a
quarter century last year.
April 09, 2021
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
Southwest Economy, First Quarter 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
Southwest Economy, First Quarter 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
Southwest Economy, First Quarter 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
Southwest Economy, Fourth Quarter 2019
Go Figure: Assessing the Cost of Longer Border Wait Times
Wait times spiked in spring 2019 when Customs and Border Patrol resources were diverted away from border crossings.
December 30, 2019