Makrognosis

Mexico Narrow Money (M1)

MonthlyNot seasonally adjustedCode MX.M1.M.NSA

Latest (y/y)7.9%September 2026
Previous (y/y)6.5%August 2026
Level8,816,892,569 thousand MXNSeptember 2026

Mexico Narrow Money (M1) was up 7.9% year on year in September 2026, compared with 6.5% in August 2026.

The level stood at 8,816,892,569 thousand MXN.

Among the 9 economies Makrognosis covers on this measure, it is the highest.

Over the past ten years it has ranged from 1.5% (Jun 2019) to 22.9% (Oct 2020), averaging 10.1%.

Mexico Narrow Money (M1), annual % change, Dec 2001 – Sep 20260%10%20%30%20052010201520202025Robomacro
Mexico Narrow Money (M1), annual % change, Dec 2001 – Sep 2026. Source: Banco de Mexico SIE (Sistema de Informacion Economica).
Mexico Narrow Money (M1), level (thousand MXN)0bn2bn4bn6bn8bn20052010201520202025Robomacro
Mexico Narrow Money (M1), level (thousand MXN).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 20268,816,892,569 thousand MXN7.9
August 20268,721,064,611 thousand MXN6.5
July 20268,752,040,386 thousand MXN7.3
June 20268,698,403,355 thousand MXN7.1
May 20268,773,698,396 thousand MXN8.5
April 20268,665,283,972 thousand MXN8.1
March 20268,616,132,412 thousand MXN7.9
February 20268,575,377,732 thousand MXN6.6
January 20268,590,934,163 thousand MXN6.4
December 20258,827,047,837 thousand MXN6.3
November 20258,456,121,067 thousand MXN6.2
October 20258,184,840,040 thousand MXN6.7
September 20258,170,523,244 thousand MXN7.2
August 20258,190,566,113 thousand MXN7.7
July 20258,153,317,733 thousand MXN8.5
June 20258,123,506,106 thousand MXN8.2
May 20258,088,803,845 thousand MXN9.1
April 20258,014,131,476 thousand MXN9.1
March 20257,984,228,845 thousand MXN7.2
February 20258,044,725,659 thousand MXN8.4
January 20258,076,727,183 thousand MXN10.9
December 20248,304,519,124 thousand MXN11.6
November 20247,962,476,750 thousand MXN12.0
October 20247,667,574,679 thousand MXN10.3

Last 24 observations. The full history (310 observations) is available through the API.

Get Mexico Narrow Money (M1) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/MX.M1.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/MX.M1.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationDecember 2000
Observations310
FrequencyMonthly
Unitsthousand MXN
AdjustmentNot seasonally adjusted
10-year high22.9% (Oct 2020)
10-year low1.5% (Jun 2019)
10-year average10.1%
Source agencyBanco de Mexico SIE (Sistema de Informacion Economica)
Makrognosis codeMX.M1.M.NSA

Narrow Money (M1): how Mexico compares

#EconomyPeriodLatest
1MexicoSep 20267.9%
2South AfricaSep 20267.2%
3CanadaAug 20267.0%
4AustraliaSep 20266.4%
5SwitzerlandSep 20266.3%
6United StatesSep 20266.2%
7South KoreaAug 20264.2%
8BrazilSep 20263.2%
9JapanOct 2026−0.4%

Narrow Money (M1) by country: all 9 economies ranked →

Other Mexico indicators

Mexico GDP (Gross Domestic Product)Mexico Nominal GDP, current prices, NSA at annual rateMexico Inflation Rate (CPI)Mexico Core Inflation RateMexico Unemployment RateMexico 10-Year Government Bond YieldMexico Credit Rating & Sovereign Risk ScoreMexico Industrial ProductionMexico Retail SalesMexico Producer Price Inflation (PPI)Mexico Trade Balance: Goods & ServicesMexico Exports of Goods, FOB, total (INEGI), USD mnMexico Imports of Goods, FOB, total (INEGI), USD mnMexico Government Debt to GDPMexico Consumer confidence index, seasonally adjusted (INEGI BIE 454186)Mexico M2 Money Stock

FAQ

What is the current narrow Money (M1) in Mexico?
The latest reading is 7.9% year on year for September 2026, published by Banco de Mexico SIE (Sistema de Informacion Economica).
Where does this data come from?
It is collected directly from Banco de Mexico SIE (Sistema de Informacion Economica) and is available through the Makrognosis API under the code MX.M1.M.NSA.

Last updated 2026-10-31. Source: Banco de Mexico SIE (Sistema de Informacion Economica). Original title: “Mexico monetary aggregate M1 (Banxico)”.