Mexico and Switzerland
Mexico and Switzerland combine economic and scientific relations with cooperation to recover cultural heritage. The 2023 consultations and July 2026 presidential meeting addressed dual training, innovation and investment, alongside talks on the trade framework and positions on peace and plastic pollution.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
On 8 July 2026, Claudia Sheinbaum received Guy Parmelin and met with Swiss companies.
Cooperation and bilateral issues
She also highlighted the return to Mexico of sixty-seven cultural objects from different regional traditions since 2018.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | ||
| Goods: Mexico to Switzerland | ||
| Goods: Switzerland to Mexico | ||
| Services trade | ||
| Export share: Mexico to Switzerland | ||
| Export share: Switzerland to Mexico | ||
| Investment stock: Mexico in Switzerland | ||
| Investment stock: Switzerland in Mexico |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Mexico | Switzerland |
|---|---|---|
| Nominal GDP | 1.83 trillion USD2025 · WB | 1.04 trillion USD2025 · WB |
| GDP per capita | 13,889.23 USD2025 · WB | 114,769.01 USD2025 · WB |
| GDP growth | 0.56 %2025 · WB | 1.3 %2025 · WB |
| Policy interest rate | 6.5 %2026-09-24 · Banxico | |
| Inflation · annual average | 3.81 %Annual average · 2025 · WB | 0.15 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 3.42 %Year-on-year · first fortnight of Sept. 2026 · INEGI | |
| Unemployment | 2.67 %ILO est.2025 · WB | 4.87 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -4.9 %IMF est.2025 · IMF | 0.5 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 61.8 %IMF est.2025 · IMF | 39.4 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -0.45 %2025 · WB | 6.98 %2025 · WB |
| Population | 131,946,9002025 · WB | 9,092,436World Bank est.2025 · WB |
| Area | 1,957,194 km²2023 · BM / FAO | 41,291 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDMexico: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personMexico: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)Mexico: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)Mexico: 2026-09-24 · Overnight interbank rate target · Bank of Mexico
- Inflation · annual average
- Average annual change in headline CPI (%)Mexico: 2025 · Average annual CPI change (%) · World BankSwitzerland: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedMexico: 2026-09-Q1 · Headline CPI change relative to the same fortnight of the previous year (%) · INEGI · Published: 2026-09-24 · First fortnight of September relative to the same fortnight of 2025; not full-month September CPI or the 0.33% fortnightly change. The monthly September figure had not yet been published on the review date.
- Unemployment
- % of the labour force; definition used by the stated institutionMexico: 2025 · World Bank · ILO est.Switzerland: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Official World Bank series. Observation year, not download date.
- Budget balance
- General government (% of GDP)Mexico: 2025 · IMF — World Economic Outlook · IMF est.Switzerland: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Mexico: 2025 · IMF — World Economic Outlook · IMF est.Switzerland: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPMexico: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeopleMexico: 2025 · World BankSwitzerland: 2025 · World Bank · WB est. · The World Bank indicates a population extrapolation; this is not a 2025 census count.
- Area
- Total area in km²; territorial coverage of the sourceMexico: 2023 · Total area including inland waters; territorial coverage of the source · World Bank · FAOSwitzerland: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Mexico to Switzerland
| Product or sector | Value / share |
|---|---|
Switzerland to Mexico
| Product or sector | Value / share |
|---|---|
Connections between people
The Mexican presidency reported an intention to begin talks on the trade treaty and strengthen scientific and innovation cooperation. She also highlighted the return to Mexico of sixty-seven cultural objects from different regional traditions since 2018. The meeting was linked to eighty years of relations and the consular bicentenary planned for 2027. As background, the fourteenth political consultations in November 2023 had addressed dual training, research and technological development. This training combines educational and productive capabilities; it is not confused with financial investment. [1] [2]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Mexico living in Switzerland | ||
| Residents from Switzerland living in Mexico | ||
| Study and training: Mexico in Switzerland | ||
| Study and training: Switzerland in Mexico | ||
| Academic stays: Mexico in Switzerland | ||
| Academic stays: Switzerland in Mexico | ||
| Travel: Mexico to Switzerland | ||
| Travel: Switzerland to Mexico |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The scale of both economies
Nominal GDP for Mexico is 1,832.6 billion USD (2025), compared with 1,043.5 for Switzerland (2025). The reference populations are 131.95 and 9.09 million, respectively. In the same year, the economy of Mexico was 1.76 times that of Switzerland in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [3] [4] [5] [6]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Bilateral context
On 8 July 2026, Claudia Sheinbaum received Guy Parmelin and met with Swiss companies. The Mexican presidency reported an intention to begin talks on the trade treaty and strengthen scientific and innovation cooperation. [1] [2]
Cooperation and bilateral issues
She also highlighted the return to Mexico of sixty-seven cultural objects from different regional traditions since 2018. The meeting was linked to eighty years of relations and the consular bicentenary planned for 2027. As background, the fourteenth political consultations in November 2023 had addressed dual training, research and technological development. This training combines educational and productive capabilities; it is not confused with financial investment. Ministers and leaders expressed positions supporting peaceful solutions and respect for international law. [1] [2]
2023 political consultations
The round on 7 November 2023 examined dual training, research and innovation, and multilateral dialogue. This is an institutional precedent separate from the 2026 presidential meeting. [2]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — MEX-CHE
www.gob.mx · Institutional source · Accessed: 2026-10-08
- Bilateral relations — MEX-CHE
www.gob.mx · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-09-17
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-06
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07