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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
MexicoMexico Government Expense (% of GDP) held to 22.41 Percent in December 2023
World BankYearlyReleased December 2023
Mexico Government Expense (% of GDP) held to 22.41 Percent in December 2023.
Latest Release
22.410616
Actual
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Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (Mexico) was reported at 22.41 Percent in December 2023. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 21.87 Percent, up from the prior three at 20.46 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (May 25) and Business Confidence (Jun 1).
Auto-generated from current model state · Refreshes on each release · Last update December 2023.
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Government Expense (% of GDP) - MX
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About Government Expense (% of GDP) — Mexico
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - MX Events
| Monday, May 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | MX | Balance of Trade | 5.932 | 3.8 | 3.80 | Medium | |
| 15:00 | MX | Current Account | 7702 | -400 | -2249.00 | Low | |
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:00 | MX | Unemployment Rate | 2.4 | 2.6 | 2.60 | Low | |