Mexico's FDI Totals US$39 Billion in 2024, Reports Sheinbaum

Mexican President Claudia Sheinbaum marked her first 100 days in office by highlighting her administration's achievements in economic stability, social welfare, and international collaboration. Key milestones included record foreign direct investment and significant job creation.

In a national address, Sheinbaum emphasized that foreign direct investment reached US$39 billion in 2024. Mexico's international reserves also reached a historic high of US$229 billion. Sheinbaum noted that these economic gains were achieved without raising taxes or fuel prices in real terms, with total tax revenues increasing 4.6% year-over-year, totaling MX$4.9 trillion.

“We have demonstrated that economic growth and equity can go hand in hand,” Sheinbaum stated. "No one and nothing will be above the Constitution."

The administration reported the creation of 22 million formal jobs and a 135% increase in the minimum wage.  Sheinbaum also highlighted a 2.5% GDP allocation for social welfare programs in 2025, amounting to MX$835 billion. These funds will directly benefit nearly 30 million families, aiming to reduce poverty and stimulate economic activity.

As Mexico’s largest trading partner, the United States plays a crucial role in regional economic integration under the USMCA, which was another key focus of Sheinbaum's address. She emphasized the importance of bilateral cooperation in driving growth while maintaining Mexico's sovereignty: “Mexico is a free, independent, and sovereign country.”

In response to Hurricane John, which affected over 150,000 families in Guerrero and Oaxaca, Sheinbaum commended the coordinated federal, state, and local efforts to restore vital infrastructure, including 3,168 kilometers of roads and potable water systems.

Looking ahead, Sheinbaum reaffirmed her administration’s commitment to a balanced budget, with no plans to increase salaries for high-ranking officials. Instead, resources will remain focused on public welfare and development, supported by the government’s austerity measures.

"This is an integrated policy of economic, equitable, and sustainable development," the government stated, emphasizing regional industrialization, tourism, and the global relocation of companies.