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Mexico Climbs to No. 17 in Harvard Economic Complexity Index

Officials cast the 2023 Harvard index move as validation of a manufacturing push.

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Overview

  • Mexico’s 2023 ranking rises five places to 17, placing it two spots behind the United States at 15 and just below China at 16.
  • Economy Secretary Marcelo Ebrard announced the result at the launch of the private ‘Lo hecho en México está mejor hecho’ campaign tied to Plan México, which organizers say has certified 2,057 firms and achieved over 90% outdoor reach.
  • CCE president Francisco Cervantes said manufacturing accounts for 21.7% of GDP and estimated domestic consumption at about 70%.
  • Cervantes reported a record $36.9 billion in foreign direct investment in 2024 and projected inflows could surpass $50 billion if infrastructure is activated.
  • The Harvard index reflects verified trade patterns from 2023, so the ranking offers a lagged snapshot rather than current economic conditions.