Risk Rankings › Mexico
Mexico — Sovereign Credit Report
Mexico's government debt is 62.3% of GDP, interest payments take 20.0% of government revenue, and consumer prices are up 5.6% year over year.
Higher = riskier. Based on 6 of 7 components (95% of the full weight); missing components are left out and the rest re-weighted. How the score works.
What drives the score
| Component | Reading | Risk points (0–100) | Weight | Adds to score |
|---|---|---|---|---|
| Debt-to-GDP | 62.3% of GDP (2024) | 15 | 26% | 3.9 |
| Interest-to-revenue | 20.0% of revenue (2024) | 80 | 26% | 21.1 |
| Credit rating (S&P) | BBB | 57 | 16% | 9.0 |
| Inflation (CPI YoY, gap from 2%) | +5.57% YoY | 36 | 16% | 5.6 |
| Currency, 1-year vs USD | +1.4% vs USD | 25 | 11% | 2.6 |
| Debt trend (1-year change) | +6.3 pts of GDP | 75 | 5% | 4.0 |
| Foreign-held share of debt | Not available for Mexico — excluded | |||
The details
Debt
| Gross government debt | 62.3% of GDP |
| Data year | 2024 |
| Change vs. prior year | +6.3 pts |
| Interest / revenue | 20.0% (2024) |
| Foreign-held share | — |
Credit rating
| S&P long-term foreign-currency | BBB |
| Notches below AAA | 8 |
| Investment grade? | Yes |
Ratings current as of 2026-08-10.
Inflation & money
| CPI, year over year | +5.57% |
| CPI, month over month | +1.05% |
| Broad money growth (YoY) | +8.76% |
| QTM implied inflation | +7.39%/yr |
QTM = money growth minus real GDP growth, the Hanke-Greenwood method, with a 12–24 month lag. Full table →
Currency
| MXN per US dollar | 18.1498 |
| Latest day vs USD | +1.02% |
| 1 year vs USD | +1.4% |
+ means the MXN gained against the dollar. Rates as of 2026-10-05. All currencies →
Monetary policy
Policy-rate data isn't tracked for Mexico yet.
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Sources: OECD (gross general government debt, CPI); World Bank (interest payments % of revenue, broad money); Eurostat and US Treasury TIC (foreign-held debt); IMF (real GDP growth); ECB via Frankfurter (exchange rates); BIS, Federal Reserve, ECB, Bank of Canada and Bank of England (policy rates); S&P (credit ratings, entered manually). Data refreshed Oct 5, 2026. The Bankrupt Baby Risk Score is our own composite indicator, not a credit rating. Educational content only — not financial advice.