Mexico vs Peru
Two sovereigns, nine shared metrics, one spread gap.
Head to head
| Mexico | Peru | |
|---|---|---|
| BT-SFS score | 40.2 | 65.0 |
| Composite rating | BBB− | BBB |
| Fiscal pillar | 47.6 | 71.9 |
| External pillar | 42.6 | 89.4 |
| Macro pillar | 63.1 | 68.8 |
| Institutions pillar | 10.4 | 29.2 |
| Benchmark bond | MEX 4.75 32 | PERU 8.75 33 |
| Spread over Treasuries | 133 bps | 98 bps |
| Yield to worst | 5.48% | 5.13% |
| Duration | 5.0y | 5.6y |
Metric by metric
| Metric | Mexico | Peru |
|---|---|---|
| Current account / GDP | -0.4% (66.7) | 3.4% (81.3) |
| International reserves, months of imports | 3.5 mo (24.4) | 10.5 mo (95.6) |
| General government debt / GDP | 62.7% (45.8) | 30.0% (89.6) |
| Interest expense / revenue | 23.7% (18.8) | 7.7% (72.9) |
| Primary balance / GDP | 1.6% (83.3) | -0.5% (50.0) |
| WGI institutional composite | -0.77 (10.4) | -0.48 (29.2) |
| Real GDP growth | 1.6% (12.5) | 2.8% (41.7) |
| GDP per capita, USD | $15,779 (64.6) | $10,960 (54.2) |
| Inflation stress | 3.9% (100.0) | 2.5% (100.0) |
Frequently asked questions
Who has stronger fundamentals, Mexico or Peru?
Peru scores higher on the BT Sovereign Fundamentals Score: 40.2 (Mexico) vs 65.0 (Peru), a gap of 24.8 points.
Whose USD bonds trade wider, Mexico or Peru?
Mexico trades wider: 133 bps (Mexico) vs 98 bps (Peru) over US Treasuries — a 35 bps gap on near-5-year USD benchmarks.
Related
- Mexico — full Mexico profile: pillars, metrics, history.
- Peru — full Peru profile: pillars, metrics, history.
- All sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — how the scores are built.