Mexico Economy
Key national economic indicators, compared with the United States
Mexico’s economy at a glance
Mexico’s unemployment rate was 5.3% in December 2009, up from 4.8% a year earlier (U.S.: 4.1%). Consumer prices were up 5.6% from a year earlier as of July 2024, compared with 3.4% U.S. inflation — the highest since May 2023. Real GDP grew 1.9% year over year in Q2 2026 (U.S.: 2.1% on the same basis).
The central bank’s policy rate stood at 5.09% as of August 2026, versus an effective federal funds rate of 3.63% in the U.S. The 10-year government bond yield was 9.16%, compared with 5.01% on 10-year U.S. Treasuries. The exchange rate was 16.9704 (MXN per USD), a 8.4% fall over the past year. Residential property prices were up 4.4% year over year as of Q1 2026.
Mexico vs. the United States
| Indicator | Mexico | As of | United States | As of |
|---|---|---|---|---|
| Unemployment rate | 5.3% | Dec 2009 | 4.1% | Aug 2026 |
| Inflation (CPI, YoY) | 5.6% | Jul 2024 | 3.4% | Aug 2026 |
| Real GDP growth (YoY) | 1.9% | Apr 2026 | 2.1% | Apr 2026 |
| Central bank policy rate | 5.09% | Aug 2026 | 3.63% | Aug 2026 |
| 10-year government bond yield | 9.16% | Aug 2026 | 5.01% | Sep 2026 |
Unemployment rate
Inflation (CPI)
Real GDP growth
Interest rates
Exchange rate
Industrial production
Home prices
Trade in goods
Consumer confidence
Comparing Mexico with other economies
International statistics are compiled to common standards by the OECD, the IMF and the Bank for International Settlements, which makes cross-country comparison possible — but definitions still differ at the margins. Unemployment rates follow International Labour Organization guidelines, while inflation is measured with each country’s own consumer price index, which may weight housing, food and energy differently than the U.S. CPI. GDP growth on this page is year-over-year, so it is not directly comparable with the annualized quarterly rate usually quoted in U.S. news.
Exchange rates are shown as published by the Federal Reserve, so check the units: some currencies are quoted per U.S. dollar and others (such as the euro and British pound) in U.S. dollars per unit of the foreign currency. Policy rates are those set by each country’s central bank; for euro-area members such as Germany, France and Spain, the rate is set by the European Central Bank and is identical across the bloc.