Net incurrence of liabilities, total in Mexico
Mexico: Net incurrence of liabilities, total was 7.2% in 2024. ▲ Rising
Net incurrence of liabilities, total in Mexico, 2008–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Mexico recorded 7.2% for net incurrence of liabilities, total in 2024. That is the highest value across all 17 years on record.
That represents a change of up 56.7% on the previous year and up 102.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Mexico peaked at 7.2% in 2024 and was at its lowest, 1.2%, in 2008.
Mexico ranks 18th of 136 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Net incurrence of liabilities, total in Mexico, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 1.2% | — |
| 2009 | 3.8% | +213.3% |
| 2010 | 3.3% | -13.1% |
| 2011 | 2.3% | -29.1% |
| 2012 | 3.0% | +29.5% |
| 2013 | 3.7% | +22.7% |
| 2014 | 3.6% | -3.1% |
| 2015 | 3.6% | +0.7% |
| 2016 | 3.3% | -7.6% |
| 2017 | 1.6% | -51.5% |
| 2018 | 2.6% | +59.6% |
| 2019 | 2.5% | -0.9% |
| 2020 | 3.2% | +24.1% |
| 2021 | 3.8% | +21.7% |
| 2022 | 3.9% | +2.3% |
| 2023 | 4.6% | +17.1% |
| 2024 | 7.2% | +56.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | 1.2% | 3.8% | 2 |
| 2010s | 2.9% | 1.6% | 3.7% | 10 |
| 2020s | 4.5% | 3.2% | 7.2% | 5 |
Countries ranked near Mexico
More public sector data for Mexico
- Arms imports 46.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3515 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -98.76 % change on previous year (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 46.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 127.82 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0091 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 41.44 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 16.73 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Mexico?
- Net incurrence of liabilities, total in Mexico was 7.2% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Mexico?
- The highest recorded value was 7.2% in 2024.
- What is the lowest net incurrence of liabilities, total recorded in Mexico?
- The lowest recorded value was 1.2% in 2008.
- How does Mexico rank for net incurrence of liabilities, total?
- Mexico ranks 18th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Mexico?
- Over the last ten years it is up 102.5%. The long-run trend across the full record is rising.
- 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.