MEXICO CITY, MEXICO (By US Department of State, 30.Sep.2025, Words: 270) — In 2024, Mexico was the United States’ largest trading partner in goods and services. Bilateral trade grew nearly eightfold from 1994 to 2024, and Mexico is the United States’ second-largest export market in goods and services. It remains one of our most important investment partners. The United States is Mexico’s top source of foreign direct investment (FDI) with a stock of USD 283.8 billion in 2023 (per the International Monetary Fund’s Coordinated Direct Investment Survey).
The Mexican economy averaged 2 percent growth in Gross Domestic Product (GDP) from 1994 to 2024 and grew 1.2 percent in 2024. Exports in goods to the United States grew 6.4 percent in 2024 compared to 2023. The inflation rate moderated, ending at 4.2 percent as of December 2024, slightly surpassing the Central Bank of Mexico’s (Banxico) target of 2 to 4 percent. The government’s proposed budget for 2025 aims at narrowing the fiscal deficit from 5.9 percent of GDP in 2024 to 3.9 percent in 2025. Mexico’s public debt-to-GDP ratio increased 4.6 percentage points to 51.4 percent in 2024 compared to the year prior. The United States-Mexico-Canada Agreement (USMCA) entered into force in July 2020, but the Government of Mexico has not issued implementing regulations in several areas, according to investors, complicating the operating environment for the telecommunications, financial services, and energy sectors. Mexico is a signatory to numerous international IP treaties, including the:
- Paris Convention for the Protection of Industrial Property,
- Berne Convention for the Protection of Literary and Artistic Works, and
- WTO Agreement on Trade-Related Aspects of Intellectual Property Rights.
____________________
