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Mexico Unemployment Rate

Unemployment as % of total labor force  SL.UEM.TOTL.ZS

2.67% +0.00pp (+0.1%)
Year 2025 Rank #28 Global Peak 7.10% (1995) Source World Bank

Mexico Unemployment Rate (1980–2025)

Overview

Mexico's unemployment rate stood at 2.67% in 2025, a rise of +0.00pp from 2024. The IMF projects 2.95% by 2025. Mexico ranked 28th globally.

Data & projection

Year Unemployment Rate YoY change Rank
2030* IMF 3.00% - -
2029* IMF 3.00% - -
2028* IMF 2.99% - -
2027* IMF 2.99% - -
2026* IMF 3.07% - -
2025* IMF 2.95% - -
2025 2.67% +0.00pp #28
2024 2.68% −0.12pp #30
2023 2.77% −0.51pp #32
2022 3.26% −0.88pp #44
2021 4.02% −0.39pp #48
2020 4.44% +0.95pp #54
2019 3.48% +0.15pp #50
2018 3.28% −0.15pp #40
2017 3.42% −0.45pp #42
2016 3.85% −0.49pp #48
2015 4.31% −0.53pp #58
2014 4.82% −0.12pp #68
2013 4.92% −0.01pp #69
2012 4.89% −0.30pp #71
2011 5.18% −0.13pp #78
Show all years (1980-2025)
* 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 unemployment rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Mexico's unemployment rate?

Mexico's unemployment rate was 2.67% in 2025. Ranked 28th globally. This represents a 0.1% increase from the previous year.

What was the highest unemployment rate in Mexico?

Mexico's unemployment rate peaked at 7.10% in 1995.

What was the lowest unemployment rate in Mexico?

The lowest unemployment rate in Mexico was 0.90% in 1981.

How does Mexico rank in unemployment rate?

Mexico ranks 28th globally in unemployment rate as of 2025.

What is the World Bank indicator code for unemployment rate?

The World Bank indicator code is SL.UEM.TOTL.ZS. Data sourced from World Bank.

What is the projected unemployment rate of Mexico in 2025?

Mexico's unemployment rate is projected to reach 2.95% by 2025 based on IMF projection.

What is the unemployment rate of Mexico in 2025?

The unemployment rate of Mexico in 2025 was 2.67%. This ranks 28th in the world.

Cite this page

APA
Mexico Unemployment Rate. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/mexico/unemployment-rate
BibTeX
@misc{historysaid_mexico_unemployment-rate, title = {Mexico Unemployment Rate}, url = {https://historysaid.com/mexico/unemployment-rate}, publisher = {HistorySaid}, year = {2026} }