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Mexico Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

-4.32% +1.40% (+24.5%)
Year 2025 Rank #132 Global Peak 2.26% (1992) Source IMF WEO

Mexico Budget Deficit (1990–2025)

Overview

Mexico's budget deficit stood at -4.32% in 2025, a rise of +1.40% from 2024. The IMF projects -4.32% by 2025. Mexico ranked 132nd globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF -3.00% - -
2029* IMF -3.00% - -
2028* IMF -3.00% - -
2027* IMF -3.50% - -
2026* IMF -4.15% - -
2025* IMF -4.32% - -
2025 -4.32% +1.40% #132
2024 -5.73% −1.44% #42
2023 -4.29% +0.03% #60
2022 -4.32% −0.58% #64
2021 -3.75% +0.54% #99
2020 -4.29% −2.02% #131
2019 -2.27% −0.13% #80
2018 -2.14% −1.11% #84
2017 -1.03% +1.65% #128
2016 -2.68% +1.18% #87
2015 -3.86% +0.51% #69
2014 -4.37% −0.81% #48
2013 -3.56% +0.01% #67
2012 -3.57% −0.36% #65
2011 -3.20% +0.60% #77
Show all years (1990-2025)
* IMF World Economic Outlook projection

Detected Pattern

Orthodox Tightening Cycle
Inflation above 40%, lending rate above 30%, rate-inflation gap narrowing, reserves stable or rising. Signals credible monetary tightening.
Inflation 16.6% Rate 23.7% Gap +7.2pp Reserves YoY -0.1%
Occurred 311 times, 177 successful
Inflation
28.2%
Rate
19.4%
Gap
-8.8pp
Reserves YoY
+2.2%
Inflation
219.9%
Rate
61.7%
Gap
-158.2pp
Reserves YoY
+28.1%
Inflation
28.3%
Rate
24.3%
Gap
-4.0pp
Reserves YoY
+35.8%
Inflation
33.9%
Rate
17.8%
Gap
-16.1pp
Reserves YoY
+2.9%
Inflation
17.0%
Rate
20.8%
Gap
+3.8pp
Reserves YoY
+1.5%
Inflation
17.1%
Rate
15.3%
Gap
-1.8pp
Reserves YoY
+10.9%

Analysis

Mexico matched the Orthodox Tightening Cycle pattern in 1999. Historically, 57% of countries showing this pattern (177 out of 311) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is Mexico's budget deficit?

Mexico's budget deficit was -4.32% in 2025. Ranked 132nd globally. This represents a 24.5% increase from the previous year.

What was the highest budget deficit in Mexico?

Mexico's budget deficit peaked at 2.26% in 1992.

What was the lowest budget deficit in Mexico?

The lowest budget deficit in Mexico was -5.73% in 2024.

How does Mexico rank in budget deficit?

Mexico ranks 132nd globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of Mexico in 2025?

Mexico's budget deficit is projected to reach -4.32% by 2025 based on IMF projection.

What is the budget deficit of Mexico in 2025?

The budget deficit of Mexico in 2025 was -4.32%. This ranks 132nd in the world.

Cite this page

APA
Mexico Budget Deficit. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/mexico/budget-deficit
BibTeX
@misc{historysaid_mexico_budget-deficit, title = {Mexico Budget Deficit}, url = {https://historysaid.com/mexico/budget-deficit}, publisher = {HistorySaid}, year = {2026} }