Mexico vs Colombia
Two sovereigns, nine shared metrics, one spread gap.
Head to head
| Mexico | Colombia | |
|---|---|---|
| BT-SFS score | 40.2 | 52.1 |
| Composite rating | BBB− | BB+ |
| Fiscal pillar | 47.6 | 44.4 |
| External pillar | 42.6 | 63.0 |
| Macro pillar | 63.1 | 62.9 |
| Institutions pillar | 10.4 | 41.7 |
| Benchmark bond | MEX 4.75 32 | COLOM 3.25 32 |
| Spread over Treasuries | 133 bps | 184 bps |
| Yield to worst | 5.48% | 5.99% |
| Duration | 5.0y | 5.1y |
Metric by metric
| Metric | Mexico | Colombia |
|---|---|---|
| Current account / GDP | -0.4% (66.7) | -2.5% (37.5) |
| International reserves, months of imports | 3.5 mo (24.4) | 7.3 mo (82.2) |
| General government debt / GDP | 62.7% (45.8) | 60.9% (52.1) |
| Interest expense / revenue | 23.7% (18.8) | 10.0% (60.4) |
| Primary balance / GDP | 1.6% (83.3) | -2.4% (16.7) |
| WGI institutional composite | -0.77 (10.4) | -0.32 (41.7) |
| Real GDP growth | 1.6% (12.5) | 2.3% (30.2) |
| GDP per capita, USD | $15,779 (64.6) | $10,104 (52.1) |
| Inflation stress | 3.9% (100.0) | 5.9% (95.5) |
Frequently asked questions
Who has stronger fundamentals, Mexico or Colombia?
Colombia scores higher on the BT Sovereign Fundamentals Score: 40.2 (Mexico) vs 52.1 (Colombia), a gap of 11.9 points.
Whose USD bonds trade wider, Mexico or Colombia?
Colombia trades wider: 133 bps (Mexico) vs 184 bps (Colombia) over US Treasuries — a 51 bps gap on near-5-year USD benchmarks.
Related
- Mexico — full Mexico profile: pillars, metrics, history.
- Colombia — full Colombia profile: pillars, metrics, history.
- All sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — how the scores are built.