Goods and services expense in Mexico
Mexico: Goods and services expense was 514.45 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Mexico, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Mexico is 514.45 billion current LCU, measured in 2024. That is the highest value across all 46 years on record.
That represents a change of up 21.4% on the previous year and up 91.9% over ten years.
Over the whole period, goods and services expense in Mexico peaked at 514.45 billion current LCU in 2024 and was at its lowest, 9.00 million current LCU, in 1972.
Mexico ranks 36th of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense in Mexico, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 9.00 million current LCU | — |
| 1973 | 10.00 million current LCU | +11.1% |
| 1974 | 15.00 million current LCU | +50.0% |
| 1975 | 18.00 million current LCU | +20.0% |
| 1976 | 23.00 million current LCU | +27.8% |
| 1977 | 23.00 million current LCU | +0.0% |
| 1978 | 31.00 million current LCU | +34.8% |
| 1979 | 41.00 million current LCU | +32.3% |
| 1980 | 49.00 million current LCU | +19.5% |
| 1981 | 97.00 million current LCU | +98.0% |
| 1982 | 125.00 million current LCU | +28.9% |
| 1983 | 236.00 million current LCU | +88.8% |
| 1984 | 388.00 million current LCU | +64.4% |
| 1985 | 658.00 million current LCU | +69.6% |
| 1986 | 1.27 billion current LCU | +92.4% |
| 1987 | 2.75 billion current LCU | +117.6% |
| 1988 | 6.65 billion current LCU | +141.4% |
| 1989 | 8.15 billion current LCU | +22.6% |
| 1990 | 9.34 billion current LCU | +14.5% |
| 1991 | 13.58 billion current LCU | +45.5% |
| 1992 | 15.61 billion current LCU | +14.9% |
| 1993 | 17.70 billion current LCU | +13.4% |
| 1994 | 20.68 billion current LCU | +16.9% |
| 1995 | 24.22 billion current LCU | +17.1% |
| 1996 | 33.50 billion current LCU | +38.3% |
| 1997 | 44.10 billion current LCU | +31.6% |
| 1998 | 40.66 billion current LCU | -7.8% |
| 1999 | 49.95 billion current LCU | +22.9% |
| 2000 | 66.79 billion current LCU | +33.7% |
| 2008 | 163.53 billion current LCU | +144.8% |
| 2009 | 191.22 billion current LCU | +16.9% |
| 2010 | 200.06 billion current LCU | +4.6% |
| 2011 | 220.66 billion current LCU | +10.3% |
| 2012 | 243.92 billion current LCU | +10.5% |
| 2013 | 243.31 billion current LCU | -0.3% |
| 2014 | 268.03 billion current LCU | +10.2% |
| 2015 | 304.65 billion current LCU | +13.7% |
| 2016 | 304.68 billion current LCU | +0.0% |
| 2017 | 307.44 billion current LCU | +0.9% |
| 2018 | 341.77 billion current LCU | +11.2% |
| 2019 | 299.66 billion current LCU | -12.3% |
| 2020 | 292.59 billion current LCU | -2.4% |
| 2021 | 381.47 billion current LCU | +30.4% |
| 2022 | 433.68 billion current LCU | +13.7% |
| 2023 | 423.74 billion current LCU | -2.3% |
| 2024 | 514.45 billion current LCU | +21.4% |
Mexico compared with similar countries
- Mexico's 514.45 billion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 13.4× the median. (46 countries reporting)
- Mexico's 514.45 billion current LCU is above the median for Latin America & Caribbean, which is 14.98 billion current LCU, 34.3× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense in Mexico changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +144.8% | 66.79 billion current LCU | 163.53 billion current LCU |
| 1988 | +141.4% | 2.75 billion current LCU | 6.65 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.25 million current LCU | 9.00 million current LCU | 41.00 million current LCU | 8 |
| 1980s | 2.04 billion current LCU | 49.00 million current LCU | 8.15 billion current LCU | 10 |
| 1990s | 26.93 billion current LCU | 9.34 billion current LCU | 49.95 billion current LCU | 10 |
| 2000s | 140.51 billion current LCU | 66.79 billion current LCU | 191.22 billion current LCU | 3 |
| 2010s | 273.42 billion current LCU | 200.06 billion current LCU | 341.77 billion current LCU | 10 |
| 2020s | 409.18 billion current LCU | 292.59 billion current LCU | 514.45 billion current LCU | 5 |
Countries ranked near Mexico
- 33 Rwanda 859.31 billion current LCU compare
- 34 Thailand 731.06 billion current LCU compare
- 35 Madagascar 519.97 billion current LCU compare
- 37 United States 467.27 billion current LCU compare
- 38 Bangladesh 433.94 billion current LCU compare
- 39 Congo 359.00 billion current LCU compare
More public sector data for Mexico
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is goods and services expense in Mexico?
- Goods and services expense in Mexico was 514.45 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Mexico?
- The highest recorded value was 514.45 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Mexico?
- The lowest recorded value was 9.00 million current LCU in 1972.
- How does Mexico rank for goods and services expense?
- Mexico ranks 36th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Mexico?
- Over the last ten years it is up 91.9%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.