Mexico - Budget Deficit 2024
-5.73%
−1.44% from 2023
Mexico's budget deficit was -5.73% in 2024, decreased +1.44% from -4.29% in 2023. This was the 42nd highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -43.51% | -25.3% |
| 2nd | Libya | -25.05% | -404.9% |
| 3rd | Kiribati | -22.00% | -17,287.5% |
| 4th | Ukraine | -17.21% | 11.0% |
| 5th | Maldives | -13.90% | -5.6% |
| 6th | Algeria | -13.79% | -150.0% |
| 7th | Senegal | -13.42% | 9.1% |
| 8th | St. Vincent and the Grenadines | -12.90% | -7.8% |
| 9th | St. Kitts and Nevis | -10.99% | -3,897.5% |
| 10th | Malawi | -10.99% | -40.2% |
| 11th | Bolivia, Plurinational State of | -10.62% | 3.0% |
| 12th | Bahrain | -10.62% | -9.7% |
| 13th | Brunei Darussalam | -10.20% | 6.1% |
| 14th | Romania | -8.68% | -54.7% |
| 15th | Israel | -8.26% | -63.4% |
| 16th | Tuvalu | -8.23% | -153.6% |
| 17th | United States | -8.03% | -3.0% |
| 18th | India | -7.90% | -6.8% |
| 19th | Botswana | -7.78% | -82.9% |
| 20th | Togo | -7.43% | -10.4% |
| 21st | Panama | -7.42% | -90.0% |
| 22nd | China | -7.34% | -9.5% |
| 23rd | Jordan | -7.33% | -6.4% |
| 24th | Ghana | -7.31% | -117.3% |
| 25th | Guyana | -7.31% | -26.4% |
| 26th | Guinea-Bissau | -7.26% | 11.0% |
| 27th | Mauritius | -7.20% | -60.9% |
| 28th | Egypt, Arab Republic of | -7.12% | -23.4% |
| 29th | Pakistan | -6.81% | 12.3% |
| 30th | Poland | -6.59% | -24.9% |
| 31st | Rwanda | -6.57% | -30.3% |
| 32nd | Colombia | -6.25% | -113.7% |
| 33rd | Brazil | -6.19% | 19.7% |
| 34th | Mozambique | -6.17% | -44.9% |
| 35th | Tunisia | -5.92% | 15.7% |
| 36th | Burkina Faso | -5.84% | 15.6% |
| 37th | Hong Kong SAR, China | -5.82% | -2.9% |
| 38th | South Africa | -5.79% | -4.4% |
| 39th | France | -5.77% | -6.1% |
| 40th | Kenya | -5.77% | -1.0% |
| 41st | United Kingdom | -5.75% | 5.0% |
| 42nd | Mexico | -5.73% | -33.5% |
| 43rd | Sri Lanka | -5.64% | 32.3% |
| 44th | Slovak Republic | -5.27% | -2.3% |
| 45th | Trinidad and Tobago | -5.27% | -340.0% |
| 46th | Central African Republic | -5.09% | -48.0% |
| 47th | Myanmar | -5.06% | 2.3% |
| 48th | Guinea | -4.99% | -29.4% |
| 49th | Hungary | -4.92% | 27.2% |
| 50th | Burundi | -4.84% | 37.1% |
| 51st | Austria | -4.64% | -77.2% |
| 52nd | Türkiye | -4.57% | 12.4% |
| 53rd | El Salvador | -4.55% | 2.9% |
| 54th | Sierra Leone | -4.53% | 9.2% |
| 55th | Belgium | -4.52% | -10.4% |
| 56th | North Macedonia | -4.45% | 3.6% |
| 57th | Finland | -4.41% | -47.6% |
| 58th | Niger | -4.27% | 20.6% |
| 59th | Iraq | -4.14% | -263.1% |
| 60th | Gambia, The | -4.08% | -10.6% |
| 61st | Uganda | -3.99% | 18.0% |
| 62nd | Côte d'Ivoire | -3.97% | 23.7% |
| 63rd | Malaysia | -3.95% | 0.5% |
| 64th | Morocco | -3.92% | 11.0% |
| 65th | Moldova | -3.88% | 24.3% |
| 66th | Gabon | -3.84% | -313.9% |
| 67th | Iran, Islamic Republic of | -3.83% | -50.8% |
| 68th | Costa Rica | -3.78% | -16.3% |
| 69th | Philippines | -3.78% | 13.6% |
| 70th | Bangladesh | -3.70% | 15.8% |
| 71st | Armenia | -3.69% | -82.8% |
| 72nd | New Zealand | -3.61% | -1.9% |
| 73rd | Namibia | -3.59% | -14.2% |
| 74th | Malta | -3.58% | 23.0% |
| 75th | West Bank and Gaza | -3.54% | -271.5% |
| 76th | Peru | -3.54% | -27.3% |
| 77th | Iceland | -3.51% | -54.0% |
| 78th | Fiji | -3.50% | 51.1% |
| 79th | Sudan | -3.46% | 6.4% |
| 80th | Italy | -3.45% | 52.4% |
| 81st | Zambia | -3.32% | 39.4% |
| 82nd | Papua New Guinea | -3.23% | 25.5% |
| 83rd | Uruguay | -3.22% | -2.6% |
| 84th | Spain | -3.15% | 10.5% |
| 85th | Dominican Republic | -3.09% | 5.9% |
| 86th | Solomon Islands | -3.08% | 19.0% |
| 87th | Benin | -3.06% | 25.8% |
| 88th | Bulgaria | -3.04% | -0.1% |
| 89th | Tanzania | -3.03% | 17.5% |
| 90th | Comoros | -2.92% | -117.8% |
| 91st | Chile | -2.82% | -23.8% |
| 92nd | Montenegro | -2.81% | -428.4% |
| 93rd | Nepal | -2.76% | 52.5% |
| 94th | Cambodia | -2.67% | 5.4% |
| 95th | Germany | -2.66% | -6.8% |
| 96th | Djibouti | -2.60% | 24.8% |
| 97th | Mali | -2.57% | 28.2% |
| 98th | Saudi Arabia | -2.49% | -40.5% |
| 99th | Madagascar | -2.48% | 40.9% |
| 100th | Yemen, Republic of | -2.48% | 56.0% |
| 101st | Suriname | -2.42% | -44.4% |
| 102nd | Uzbekistan | -2.37% | 41.2% |
| 103rd | Vanuatu | -2.34% | -146.8% |
| 104th | Indonesia | -2.30% | -40.0% |
| 105th | Georgia | -2.30% | 1.5% |
| 106th | Australia | -2.25% | -77.4% |
| 107th | Dominica | -2.20% | 51.2% |
| 108th | Paraguay | -2.12% | 44.4% |
| 109th | Chad | -2.11% | -68.0% |
| 110th | St. Lucia | -2.11% | 30.5% |
| 111th | Canada | -2.01% | -2,897.2% |
| 112th | Czechia | -1.99% | 46.6% |
| 113th | Liberia | -1.98% | 71.8% |
| 114th | Croatia | -1.95% | -146.9% |
| 115th | Bosnia and Herzegovina | -1.88% | -12.6% |
| 116th | Latvia | -1.82% | 46.0% |
| 117th | Serbia | -1.75% | -44.8% |
| 118th | Sweden | -1.72% | -173.0% |
| 119th | Russian Federation | -1.60% | 27.7% |
| 120th | Kazakhstan | -1.60% | -4.9% |
| 121st | Nigeria | -1.57% | 49.9% |
| 122nd | Viet Nam | -1.54% | 10.6% |
| 123rd | Japan | -1.53% | 32.3% |
| 124th | Estonia | -1.51% | 51.7% |
| 125th | Cameroon | -1.48% | -133.2% |
| 126th | Congo, Democratic Republic of | -1.48% | 10.6% |
| 127th | Mauritania | -1.35% | 44.8% |
| 128th | Eswatini | -1.34% | -104.7% |
| 129th | Thailand | -1.29% | 34.5% |
| 130th | Lithuania | -1.28% | -86.5% |
| 131st | Ecuador | -1.28% | 63.3% |
| 132nd | Belize | -1.23% | 49.2% |
| 133rd | Bahamas, The | -1.20% | 67.2% |
| 134th | Honduras | -1.12% | 43.1% |
| 135th | Cabo Verde | -1.07% | -283.5% |
| 136th | Zimbabwe | -1.06% | 73.0% |
| 137th | Angola | -1.01% | 44.9% |
| 138th | Guatemala | -0.96% | 23.3% |
| 139th | Netherlands | -0.95% | -154.7% |
| 140th | Slovenia | -0.93% | 63.9% |
| 141st | Barbados | -0.88% | 47.9% |
| 142nd | Korea | -0.78% | -17.0% |
| 143rd | Albania | -0.73% | 45.0% |
| 144th | Seychelles | -0.69% | 39.5% |
| 145th | Equatorial Guinea | -0.55% | -123.2% |
| 146th | Afghanistan | -0.54% | 59.4% |
| 147th | Puerto Rico (US) | -0.54% | -264.5% |
| 148th | San Marino | -0.53% | 26.7% |
| 149th | Lebanon | -0.19% | 89.0% |
| 150th | Bhutan | -0.17% | 96.5% |
| 151st | Turkmenistan | -0.08% | -175.5% |
| 152nd | Somalia, Fed. Rep. | 0.17% | 243.8% |
| 153rd | Jamaica | 0.22% | 525.7% |
| 154th | Tajikistan | 0.28% | 129.7% |
| 155th | Argentina | 0.46% | 108.6% |
| 156th | Switzerland | 0.58% | 373.0% |
| 157th | Qatar | 0.70% | -87.5% |
| 158th | Portugal | 0.70% | -42.3% |
| 159th | São Tomé and Principe | 0.92% | 143.2% |
| 160th | Luxembourg | 1.03% | 232.1% |
| 161st | Belarus | 1.05% | 38.1% |
| 162nd | Greece | 1.34% | 199.1% |
| 163rd | Mongolia | 1.39% | -49.0% |
| 164th | Antigua and Barbuda | 1.61% | 195.0% |
| 165th | Palau | 1.67% | 129.3% |
| 166th | Kyrgyz Republic | 1.87% | 17.8% |
| 167th | Lao PDR | 2.34% | 19,591.7% |
| 168th | Nicaragua | 2.48% | 7.5% |
| 169th | Andorra | 2.86% | 33.3% |
| 170th | Oman | 3.31% | -51.8% |
| 171st | Liechtenstein | 3.33% | -23.7% |
| 172nd | Marshall Islands | 3.61% | 216.5% |
| 173rd | Congo, Republic of | 3.62% | -37.7% |
| 174th | Aruba | 3.77% | 22.1% |
| 175th | Azerbaijan | 4.06% | -48.8% |
| 176th | Ireland | 4.09% | 168.1% |
| 177th | Tonga | 4.17% | -32.1% |
| 178th | Cyprus | 4.28% | 152.1% |
| 179th | Singapore | 4.44% | 28.0% |
| 180th | Denmark | 4.46% | 30.0% |
| 181st | United Arab Emirates | 6.42% | 10.3% |
| 182nd | Grenada | 6.66% | -16.1% |
| 183rd | Macao SAR, China | 6.91% | 544.6% |
| 184th | Haiti | 6.96% | 806.4% |
| 185th | Lesotho | 9.04% | 23.6% |
| 186th | Micronesia, Federated States of | 9.19% | -2.8% |
| 187th | Samoa | 9.29% | 243.9% |
| 188th | South Sudan | 11.68% | 45.4% |
| 189th | Norway | 13.25% | -20.1% |
| 190th | Kuwait | 23.79% | -15.7% |
| 191st | Nauru | 29.78% | 53.6% |
FAQ
What was Mexico's budget deficit in 2024?▾
Mexico's budget deficit in 2024 was -5.73%. This ranked 42nd globally.
How did Mexico's budget deficit change in 2024?▾
Mexico's budget deficit decreased by 33.5% in 2024 compared to 2023.
Which country had the highest budget deficit in 2024?▾
Nauru had the highest budget deficit in 2024 at 29.78%.
What is the budget deficit of Mexico in 2024?▾
The budget deficit of Mexico in 2024 was -5.73%. This ranked 42nd globally.
How does 2024 compare to 2023 for Mexico's budget deficit?▾
Mexico's budget deficit went from -4.29% in 2023 to -5.73% in 2024, a 33.5% decrease.
Related
2023
2025
All years
Full ranking 2024
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 1992
Lowest: 2024
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Malaysia
vs China
vs Nauru
vs Argentina
G20 Budget Deficit
OECD Budget Deficit
Global Ranking