Mexico fell to 62nd place in the IMD World Competitiveness Ranking 2026, a drop of seven positions from the previous year. The report points to weaknesses in governance and institutions.
The IMD World Competitiveness Center published this week the results of its ranking that analyzes 70 economies. Singapore, Hong Kong and Switzerland took the top spots, while Chile led the region in 43rd place.
According to INEGI data, Mexico’s GDP grew just 0.2 percent year-on-year in the first quarter of 2026. Gross fixed capital formation subtracted 0.8 percentage points from growth, although private consumption contributed 1.5 points.
Mexico fell back in all four dimensions evaluated by the IMD: economic performance, government efficiency, business efficiency and infrastructure. The area of greatest lag is now government efficiency.
The IMD noted that the country faces challenges such as strengthening coordination between governments and industry, reinforcing the rule of law and promoting innovation to improve competitiveness.
