Overview

• The Economy Ministry reported $34,265 million in foreign direct investment in the first half of 2025, up 10.2% year over year and the highest on record.
• Reinvested earnings accounted for 84.4% of inflows, while new investments were 9.2% at $3,149 million, a 246% increase from a low base a year earlier.
• INEGI data show GDP grew 0.6% quarter on quarter in April–June 2025, equal to a 1.2% annualized rate, signaling subdued momentum.
• Construction contracted 1.7% and wholesale trade fell 7.5% in the quarter, weighing on overall activity.
• U.S. firms have supplied roughly 40% of Mexico’s FDI on average, with shares rising to 47.5% in 2021 and 42.6% in 2022 as U.S.–China tensions reduced China’s presence; China’s direct share in Mexico remains near 1.6%–1.9%.