Services balance (credit less debit), Net (credits less debits) (US) in Mexico
Mexico: Services balance (credit less debit), Net (credits less debits) (US) was -9.05 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Mexico, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Mexico stood at -9.05 billion.
That represents a change of up 53.8% on the previous year and up 34.3% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Mexico peaked at -6.90 billion in 2005 and was at its lowest, -19.59 billion, in 2023.
Mexico ranks 179th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Mexico, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -6.90 billion | — |
| 2006 | -7.68 billion | +11.2% |
| 2007 | -8.38 billion | +9.2% |
| 2008 | -9.25 billion | +10.4% |
| 2009 | -9.89 billion | +6.9% |
| 2010 | -10.68 billion | +7.9% |
| 2011 | -14.78 billion | +38.3% |
| 2012 | -14.87 billion | +0.7% |
| 2013 | -15.00 billion | +0.8% |
| 2014 | -13.77 billion | -8.2% |
| 2015 | -11.20 billion | -18.7% |
| 2016 | -10.59 billion | -5.4% |
| 2017 | -11.69 billion | +10.4% |
| 2018 | -13.84 billion | +18.5% |
| 2019 | -9.43 billion | -31.9% |
| 2020 | -12.44 billion | +31.9% |
| 2021 | -12.40 billion | -0.3% |
| 2022 | -15.48 billion | +24.9% |
| 2023 | -19.59 billion | +26.6% |
| 2024 | -9.05 billion | -53.8% |
Mexico compared with similar countries
- Mexico's -9.05 billion is below the median for upper middle income countries, which is 5.85 million. (54 countries reporting)
- Mexico's -9.05 billion is below the median for Latin America & Caribbean, which is 169.67 million. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.42 billion | -9.89 billion | -6.90 billion | 5 |
| 2010s | -12.58 billion | -15.00 billion | -9.43 billion | 10 |
| 2020s | -13.79 billion | -19.59 billion | -9.05 billion | 5 |
Countries ranked near Mexico
More financial sector data for Mexico
- Reserve position in the IMF, US dollar, annual growth rate 14.41 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 24.82 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.95 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 18.13 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 14.41 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 24.82 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.95 % change on previous year (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Mexico?
- Services balance (credit less debit), net (credits less debits) in Mexico was -9.05 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Mexico?
- The highest recorded value was -6.90 billion in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Mexico?
- The lowest recorded value was -19.59 billion in 2023.
- How does Mexico rank for services balance (credit less debit), net (credits less debits)?
- Mexico ranks 179th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Mexico?
- Over the last ten years it is up 34.3%. The long-run trend across the full record is falling.
- Where does this Mexico data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.