Annual currency in circulation (CIC) to GDP ratio of Mexico 2001-2022
The relative value of cash that circulated in the economy of Mexico declined for the first time in 2022, albeit in a small way. This so-called CIC/GDP ratio is meant to roughly measure the use of cash in the country. Due to the anonymity of cash transactions, sources struggle to find exact volumes on this. The ratio mentioned here is quite popular in that regard, as the data it needs is relatively easy to find. Some industry experts mention, however, that this ratio is too general and does not necessarily reflect retail payments.
