24Peaks / North America / Mexico / Government Expenditure (% of GDP)

Mexico - Government Expenditure (% of GDP) 22.46

World Bank WDI · updated 2026-10-15 · 161 economies tracked

Latest value

22.46 (2023)

Global rank

##56 of 161 economies

Share of global total

0.9%

Growth since 1972

2.23×

Ranking Race — Government Expenditure (% of GDP)

1 = global #1 · higher value ranks higher

#1#22#43#64#85#106#1271972198219922002201220222024#35#562022 overtook Eswatini2023 overtook Mauritius
MexicoBotswanaTanzania

Real annual global ranks, 1972 - 2024. Mexico climbed from #35 to #56 (overtook Eswatini). Gaps in a lane = missing data that year.

Key events for Mexico ↓

Key Events — Mexico

Auto-detected from rank data + curated milestones

1982
Debt crisis curated

Defaults on external debt; peso devalues sharply.

1994
Peso crisis and NAFTA curated

Tequila crisis hits weeks after NAFTA takes effect.

2009
Global crisis recession curated

Heavy US dependence drags GDP down.

2020
COVID-19 recession curated

Sharp contraction with limited fiscal space.

2022
Overtook Eswatini in global rank auto
2023
Overtook Mauritius in global rank auto
2023
Climbed 20 places in global rank auto

Government Expenditure (% of GDP), 1972-2023

World Bank WDI · % of GDP · linear scale · ranking in the race above
197219872017202310.0915.8421.5827.33

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