Mexico moved up one place within the 2025 World Competitiveness Rating carried out by the Institute for Administration Growth (IMD) of Switzerland, which evaluates 69 economies globally. However the outcomes point out that there’s loads of room for enchancment.
Mexico’s slight improve from spot 56 to 55 displays a marginal enchancment within the nation’s financial improvement and efficiency in comparison with 2024.
Among the many Latin American nations that IMD evaluated, Mexico ranks under Chile (42) and Colombia (54), however above Brazil (58), Peru (60) and Argentina (62).
Within the general rating, Switzerland, Singapore, Hong Kong, Denmark and the United Arab Emirates ranked because the world’s best economies. In the meantime, Canada (No. 11), Germany (No. 19) and Luxembourg (No. 20) climbed probably the most throughout the high 20.
The USA got here in at No. 13 and the UK at No. 29.
The IMD is an unbiased tutorial institute with Swiss roots and campuses in Singapore and China. It emphasizes that its competitiveness rating just isn’t based mostly solely on the same old financial indicators.
“An economic system’s competitiveness can’t be decreased to its GDP, productiveness or employment ranges,” reads a press release on the IMD web site. “It may be gauged solely by contemplating a fancy matrix of political, social and cultural dimensions.”
Nonetheless, currencies and commerce are essential elements within the scores.
“Sturdy currencies are rising as an indicator of long-term success,” Arturo Bris, director of the World Competitiveness Middle (GCC), which compiled the rating for the IMD, stated. “On the identical time, the reorganization of worldwide commerce networks is revealing how accessible international locations have been appearing of their finest pursuits, and the consensus is proving constructive for economies, in stark distinction to the results of polarization.”
How do the outcomes for Mexico break down?
In response to the report, Mexico’s efficiency seems to be as follows.
Financial efficiency: Mexico ranked thirty ninth, with notable leads to employment (No. 9) and home economic system (No. 30), however decrease rankings in worldwide commerce (No. 52) and costs (No. 55). Nonetheless, worldwide commerce moved up 5 positions in comparison with 2024.
Authorities effectivity: Mexico ranked 62nd, with its finest score in fiscal coverage (No. 23). Nonetheless, it lags behind in institutional framework (No. 62) and enterprise laws (No. 62).
Enterprise effectivity: The nation got here in at 54th, with effectivity and productiveness recording on the high (No. 38), however with weaknesses in finance (No. 62), and attitudes and values (No. 57).
Infrastructure: Mexico ranked 61st, with lags in fundamental infrastructure (No. 66), technological infrastructure (No. 62), and schooling infrastructure (No. 64).
In figuring out Mexico’s “challenges and issues,” IMD’s report notes that Mexico should leverage U.S. financial coverage to spice up its home market via innovation and nearshoring.
It additionally factors to the necessity for structural reforms in schooling and clear vitality, in addition to bettering logistics infrastructure and strengthening worldwide relations to attain larger GDP development (2-3%). Mexico is at the moment forecast to develop between 0 and 0.2% in 2025.
Final 12 months, Mexico ranked No. 56 general, the identical as in 2023. Nonetheless, the rating included three new economies this 12 months: two that ranked under Mexico (Ghana and Nigeria), and one which ranked above Mexico (Puerto Rico).
With experiences from El Economista
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