Mexico: PPG, official creditors (NFL, current US$)

Key figures

Over five years it is down 77.47% from US$820.26 million in 2019 (25.78% a year on average, compounded). Since 1970 it is up 20.59% from US$153.22 million in 1970 (0.35% a year on average, compounded).

What the numbers say

In 2024, Mexico's PPG, official creditors (NFL, current US$) rose US$1.93 billion on 2023 (from −US$1.74 billion to US$184.77 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was −US$57.48 million and a typical year strayed about US$4.83 billion from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$10.94 billion in 1995 and the biggest yearly fall was US$18 billion in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 16% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Mexico had the 54th highest value of the 118 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Mexico in the 2024 ranking

• Armenia — 50th of 118: US$208.86 million
• Malawi — 51st of 118: US$197.08 million
• Mauritius — 52nd of 118: US$190.08 million
• Lebanon — 54th of 118: US$180.42 million
• Brazil — 55th of 118: US$177.69 million
• Nicaragua — 56th of 118: US$174.56 million

What this measures

Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 55 values

PPG, official creditors (NFL, current US$) in nearby economies

• Argentina — −US$1.22 billion (2024)
• Belize — US$50.18 million (2024)
• Bolivia — −US$159.3 million (2024)
• Brazil — US$177.69 million (2024)
• Colombia — US$826.81 million (2024)
• Dominica — −US$9.21 million (2024)
• Dominican Republic — US$512.51 million (2024)
• Ecuador — US$1.41 billion (2024)
• El Salvador — US$250.88 million (2024)
• Grenada — US$25.7 million (2024)
• Guatemala — −US$297.11 million (2024)
• Guyana — US$468.68 million (2024)
• Haiti — −US$505.96 million (2024)
• Honduras — US$318.65 million (2024)
• Jamaica — −US$247.8 million (2024)

More economic policy & debt data for Mexico

• Total reserves, including gold (current US$) — US$256.18 billion (2025)
• Total reserves, excluding gold (current US$) — US$239.31 billion (2025)
• General government final consumption expenditure (current US$) — US$216.08 billion (2025)
• General government final consumption expenditure (current LCU) — 4.16 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$162.1 billion (2025)
• General government final consumption expenditure (constant LCU) — 2.9 trillion (2025)
• General government final consumption expenditure (% of GDP) — 11.79% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$1.29 trillion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 24.76 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$985.79 billion (2025)
• Households and NPISHs final consumption expenditure (constant LCU) — 18.2 trillion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$7,471 (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 70.23% (2025)
• Final consumption expenditure (current US$) — US$1.5 trillion (2025)
• Final consumption expenditure (current LCU) — 28.92 trillion (2025)

Every indicator for Mexico is on the Mexico data page.

Reading data like this

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Questions people ask

What is Mexico's PPG, official creditors (NFL, current US$)?

US$184.77 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 20.59% from US$153.22 million in 1970 (0.35% a year on average, compounded). The highest value was US$10.33 billion in 1995 and the lowest −US$8.53 billion in 2006.

How does Mexico rank?

54th highest of 118 economies with data for 2024.

Is the latest change in PPG, official creditors (NFL, current US$) unusual for Mexico?

In 2024, Mexico's PPG, official creditors (NFL, current US$) rose US$1.93 billion on 2023 (from −US$1.74 billion to US$184.77 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$57.48 million and a typical year strayed about US$4.83 billion from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).

Source

World Bank, World Development Indicators, indicator DT.NFL.OFFT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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