The Mexican economy is in a complicated situation on the global scale, as the country currently ranks 12th but is at risk of falling to 13th or 14th place. This is due to Brazil, which holds the tenth position, having a GDP 18.4% higher than that of Mexico in 2024. Claudia Sheinbaum, the president of Mexico, has set ambitious goals for the country's economic growth, but her statist and dirigiste approach may not be sufficient to achieve significant progress.
In recent years, Mexico has experienced modest economic growth, especially during the previous administration, with a GDP increase of 1.0% from 2019 to 2024. Despite efforts to improve the country's economic position, factors such as inflation and competition from nations like Australia, South Korea, and Spain are hindering Mexico's advancement on the global scale.
Throughout history, Mexico has alternated between positions on the global economic scale. In the past, with presidents like López Portillo, the country reached seventh place, but in recent decades it has fluctuated between 11th and 14th place. Claudia Sheinbaum's current goal is to elevate Mexico to be the tenth economy in the world, but criticisms focus on the viability of this goal and the policies implemented to achieve it.
Despite the economic challenges and criticisms of her management, Claudia Sheinbaum continues to work on her "Plan Mexico" with the aim of attracting foreign investments and stimulating the industrial growth of the country. However, doubts remain about the effectiveness of these measures and their ability to position Mexico as a global economic power.
