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

Mexico - Government Fiscal Balance (% of GDP) -3.88

IMF Government Finance Statistics · updated 2026-10-03 · 48 economies tracked

Latest value

-3.88 (2023)

Global rank

##26 of 48 economies

Share of global total

15.0%

Growth since 2017

5.79×

Ranking Race — Government Fiscal Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#6#11#16#21#26#31201720222025#19#262020 overtook Slovenia2023 overtook South Africa
MexicoTürkiye

Real annual global ranks, 2017 - 2025. Mexico climbed from #19 to #26 (overtook Slovenia). Gaps in a lane = missing data that year.

Key events for Mexico ↓

Key Events — Mexico

Auto-detected from rank data + curated milestones

2020
Overtook Slovenia in global rank auto
2020
COVID-19 recession curated

Sharp contraction with limited fiscal space.

2023
Overtook South Africa in global rank auto

Government Fiscal Balance (% of GDP), 2017-2023

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
201720222023-4.05-2.92-1.8-0.67
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