Mexico has advanced one spot in the 2025 World Competitiveness Ranking by Switzerland’s Institute for Management Development (IMD), moving from 56th to 55th place among the 69 economies evaluated globally. Despite the modest improvement, Mexico continues to face significant challenges in several areas according to the comprehensive assessment, which evaluates countries beyond traditional economic indicators to include political, social, and cultural dimensions.
Among Latin American nations, Mexico ranks behind Chile (42) and Colombia (54), but ahead of Brazil (58), Peru (60), and Argentina (62). The world’s most competitive economies according to the ranking are Switzerland, Singapore, Hong Kong, Denmark, and the United Arab Emirates, while the United States placed 13th.
Areas of Strength and Weakness
Mexico performed strongest in economic performance, ranking 39th overall with particularly good results in employment (9th) and domestic economy (30th). The country’s fiscal policy was also highlighted as a positive factor, ranking 23rd in that category.
However, the IMD identified several areas requiring improvement:
- 62nd in government efficiency, with weak scores in institutional framework and business legislation.
- 61st in infrastructure, showing significant deficiencies in basic infrastructure (66th), technological infrastructure (62nd), and education infrastructure (64th).
Recommendations and Future Outlook
The IMD report recommends that Mexico implement structural reforms in education and clean energy while improving logistics infrastructure and strengthening international relations to achieve higher GDP growth. The organization also suggests Mexico should leverage U.S. economic policy to boost innovation and nearshoring opportunities in its domestic market.
Currently, Mexico is forecast to experience minimal economic growth in 2025, with projections ranging between 0 and 0.2 percent.
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