Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Pemex’s US $107-billion debt puts Mexico bonds on the edge of junk. In addition to outstanding debt instruments, the government guarantees loans issued by the Bank of Mexico on behalf of the bank savings insurance fund. According to the IMF, Mexico’s total government debt-to-GDP ratio is at 35.36%. Mexico has completed a debt refinancing operation worth $6.6 billion in international markets, including a heavily over-subscribed bond offer, the Finance Ministry said on Monday. The latest comprehensive information for - Mexico External Debt - including latest news, historical data table, charts and more. Mexico external debt for 2018 was $452,991,160,482, a 2.58% increase from 2017. Definition: This entry gives the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods, or services. Mexico external debt for 2017 was $441,576,605,805, a … Mexico government debt to GDP ratio data is updated quarterly, available from Dec 2005 to Sep 2020. The data reached an all-time high of 55.1 % in Sep 2020 and a record low of 22.0 % in Dec 2005. Public debt recorded 42% of GDP that year, while external debt had already increased to 33% of GDP. Government Debt to GDP in Mexico averaged 30.17 percent from 1990 until 2019, reaching an all time high of 48.20 percent in 2016 and a record low of 17.90 percent in 2007. Meanwhile the Mexican government paid back 368 billion (120 times the amount owed in 1970). 33 years later, in 2003, it had multiplied by 25, reaching 77.4 billion (public and private external debts together amounted to 140 billion). In 1970, Mexico’s public external debt amounted to USD 3.1 billion. Mexico External debt. After Mexico announced its inability to repay, Brazil followed suit. $450.2 billion (31 December 2016 est.) Mexico recorded a government debt equivalent to 45.50 percent of the country's Gross Domestic Product in 2019. Mexico aims to reduce the percentage of its sovereign debt portfolio issued in foreign currencies, but will consider continuing to place bonds denominated in yen, … Mexico Government debt accounted for 55.1 % of the country's Nominal GDP in Sep 2020, compared with the ratio of 54.2 % in the previous quarter. The external debt of Brazil is $151,608,751,222. After the devaluations of the peso and rising global interest rates, Mexico’s external debt reached 49% of GDP in 1982 (see Figure 1). Brazil borrowed money for infrastructure building during the 60’s and 70’s and was just as badly hit during the worldwide recession. The story of how this country got so far into debt is the same as Mexico. Data are in current U.S. dollars. Mexico’s National Debt Sourced & Debt-GDP Ratio. Debt service absorbed 142% of … Factbook > Countries > Mexico > Economy. 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