Asked in EconomicsMexicoSouth Korea
What is Mexico's debt level?
January 21, 2010 9:18PM
Government debt can be subdivided into two categories: external debt and domestic debt. External debt is the outstanding debt owed from the Mexican government to foreign governments (such as the United States or Europe), banks, institutions and individuals. Domestic debt is the amount of debt owed to Mexican banks, institutions and individuals within the country.
Mexico's government debt can be broken down as follows:
- External debt: US$46,208.8 million.
- Domestic debt: US$192,218.7 million.
- Total Mexican debt: US$238,427.6 million.
Now, the indebtedness level is the percentage of debt compared as a percentage of the total sum of products and services sold in the country within a year (also named Gross Domestic Product - GDP). Mexico's Gross Domestic Product is valued at US$788,840 million (est. 2009).
Therefore Mexico's debt level is:
- 5.9% of its GDP in foreign debt.
- 24.4% of its GDP in domestic debt.
- 30.3% of its GDP for total public debt.