Mexico’s Public Debt Reaches 18.6 Trillion Pesos, Equivalent to 49.8% of GDP

Mexico City — Mexico’s public debt reached 18.6 trillion pesos, representing 49.8% of the country’s Gross Domestic Product, according to the latest report from the Finance Ministry.

The figure corresponds to the Historical Balance of Public Sector Financial Requirements, an indicator that encompasses all financial obligations of the Mexican state.

On a proportional basis, the debt amounts to approximately 138,400 pesos per capita. For comparison, this equals about 930 cases the size of the Segalmex scandal, based on a reference amount of 20 billion pesos, or 31 Maya Train projects, each estimated at 600 billion pesos.

Official data shows that in September 2024, public debt stood at 16.7 trillion pesos, indicating an increase of 1.9 trillion pesos over 17 months.

Compared to December 2018, when the balance was 10.4 trillion pesos, the accumulated increase totals 8.2 trillion pesos over seven years and two months.