Mexico: Imports of goods and services (% of GDP)
In , Mexico's Imports of goods and services (% of GDP) was 37.89.
That's up 1.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Mexico ranks #91 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #11 of 24.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 45.87
- Trough
- 27.08
- 1-year change
- +1.0%
- 5-year change
- -2.7%
- -0.5% / yr
- 10-year change
- +16.1%
- +1.5% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 37.8855 | |
| 37.5095 | |
| 45.8662 | |
| 42.5001 | |
| 37.6192 | |
| 38.9323 | |
| 41.1687 | |
| 39.4380 | |
| 38.8746 | |
| 36.2502 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Mexico's Imports of goods and services (% of GDP) in 2024?
- In 2024, Mexico's Imports of goods and services (% of GDP) was 37.89, according to World Bank Open Data.
- Is Mexico's Imports of goods and services (% of GDP) rising or falling?
- Mexico's Imports of goods and services (% of GDP) rose 1.0% from 2023 to 2024.
- How does Mexico rank globally on Imports of goods and services (% of GDP)?
- In 2024, Mexico ranked #91 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Mexico's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Mexico is below the world average. Within Latin America & Caribbean, it ranks #11 of 24.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.