Mexico Government Debt to GDP — 2026 Data & Trend
Mexico's government debt was 49.57% in December 2024, up from 45.06% the previous year. A year earlier it stood at 45.06%.
Mexico's government debt stands at 49.57% as of December 2024. Over the latest readings, the government debt has moved within a band of 18.19% to 49.57%. The most recent figure of 49.57% is up from 45.06% a year earlier, and is 4.51% higher than a year ago.
The trend
Among the 121 economies tracked on this platform, Mexico ranks #67 on government debt by latest value. It rose from 45.06% in the previous year, and compares with a year-earlier 45.06%.
What's driving it
The debt ratio moves with budget deficits, growth, interest costs and the currency; faster nominal growth lowers it, while wide deficits push it up.
Recent readings
| Period | Government debt |
|---|---|
| Dec 2024 | 49.57% |
| Dec 2023 | 45.06% |
| Dec 2022 | 43.97% |
| Dec 2021 | 44.86% |
| Dec 2020 | 45.84% |
| Dec 2019 | 41.33% |
| Dec 2000 | 18.19% |
| Dec 1999 | 19.48% |
Data: The World Bank — World Development Indicators (CC BY 4.0) Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
How Much Government Debt Does Mexico Have in 2026?
Mexico's government debt was 49.57% in December 2024, up from 45.06% the previous year. A year earlier it stood at 45.06%.
Is the government debt rising or falling in Mexico?
It rose in the latest reading — 49.57% in December 2024 versus 45.06% a year earlier. Year on year it is higher.
What is government debt?
It measures total public debt expressed as a share of gross domestic product (debt-to-GDP).