(CA111) - Financial System Flow of Funds Matrix
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Financial System Flow of Funds Matrix 1/
Flows revalued as a percentage of GDP 2/
Year
2022

  Resident private sector 3/ States and Municipalities 4/ Public sector 5/ Banking sector 6/ External sector
Use of funds Source of funds Net financing Use of funds Source of funds Net financing Use of funds Source of funds Net financing Use of funds Source of funds Net financing Use of funds Source of funds Net financing
a b c=b-a d e f=e-d g h i=h-g j k l=k-j m n o=n-m
1. Change in domestic financial instruments (2+7+8+9) 4.0 1.0 -2.9 0.3 0.1 -0.2 -1.6 1.9 3.5 3.6 3.1 -0.5 -0.2 N/E 0.2
 
2. Financial instruments 4.0 0.7 -3.3 0.3 0.0 -0.2 0.1 1.4 1.4 1.2 3.5 2.3 0.2 N/E -0.2
       3. Currency 0.9 N/E -0.9 N/E N/E N/E N/E N/E N/E N/E 0.9 0.9 N/E N/E N/E
       4. Checkable, time and saving deposits 2.5 N/E -2.5 0.3 N/E -0.3 0.1 N/E -0.1 N/E 2.7 2.7 -0.1 N/E 0.1
            4.1 Non-financial enterprises and other institutions 7/ 1.2 N/E -1.2 0.3 N/E -0.3 0.1 N/E -0.1 N/E 1.4 1.4 -0.1 N/E 0.1
            4.2 Individuals 1.2 N/E -1.2 N/E N/E N/E N/E N/E N/E N/E 1.2 1.2 N/E N/E N/E
       5. Securities issued 8/ 0.0 0.1 0.1 N/E 0.0 0.0 N/E 1.4 1.4 1.2 0.0 -1.2 0.3 N/E -0.3
       6. Retirement and housing funds 9/ 0.7 0.6 -0.1 N/E N/E N/E N/E 0.1 0.1 N/E N/E N/E N/E N/E N/E
7. Loans N/E 2.7 2.7 N/E 0.0 0.0 -0.5 -0.1 0.3 2.6 -0.5 -3.0 N/E N/E N/E
      7.1 Non-financial enterprises and other institutions 10/ N/E 1.7 1.7 N/E 0.0 0.0 -0.5 -0.1 0.3 1.6 -0.5 -2.1 N/E N/E N/E
      7.2 Households N/E 0.9 0.9 N/E N/E N/E N/E N/E N/E 0.9 N/E -0.9 N/E N/E N/E
8. Shares and other equity N/E -0.3 -0.3 N/E N/E N/E N/E N/E N/E N/E N/E N/E -0.3 N/E 0.3
9. Other financial system items 11/ N/E -2.0 -2.0 N/E N/E N/E -1.2 0.6 1.8 -0.2 N/E 0.2 N/E N/E N/E
 
10. Change in external financial instruments (11+12+13+14+15) 2.0 2.9 0.9 N/E N/E N/E 0.0 0.1 0.1 -0.6 -0.1 0.5 2.9 1.4 -1.5
 
11. Foreign direct investment N/E 2.8 2.8 N/E N/E N/E N/E N/E N/E N/E N/E N/E 2.8 N/E -2.8
12. External financing N/E 0.1 0.1 N/E N/E N/E N/E 0.1 0.1 N/E -0.1 -0.1 0.1 N/E -0.1
13. Financial assets held abroad 2.0 N/E -2.0 N/E N/E N/E 0.0 N/E 0.0 -0.1 N/E 0.1 N/E 1.8 1.8
14. Banco de México's international reserves N/E N/E N/E N/E N/E N/E N/E N/E N/E -0.5 N/E 0.5 N/E -0.5 -0.5
15. Errors and ommissions (Balance of payments) N/E 0.1 0.1 N/E N/E N/E N/E N/E N/E N/E N/E N/E 0.1 N/E -0.1
                               
16. Estatistical discrepancy 12/ N/E -0.4 -0.4 N/E N/E N/E N/E N/E N/E N/E N/E N/E -0.4 N/E 0.4
 
17. Total change in financial instruments (1+10+16) 13/ 5.9 3.5 -2.4 0.3 0.1 -0.2 -1.6 2.0 3.5 3.0 3.0 0.0 2.4 1.4 -1.0

1/ Preliminary figures. Figures may not add up due to rounding.
2/ Excludes the effect of exchange rate fluctuations (MXN/USD).
3/ Private sector includes firms, individuals, non-bank financial intermediaries.
4/ States and municipalities show their position in relation to the banking sector and the debt market.
5/ Public sector measured as Public Sector Borrowing Requirements (Requerimientos Financieros del Sector Público, RFSP), including non-recurrent revenues.
6/ Banking sector includes Banco de México, development banks and commercial banks (including agencies abroad). By construction, this sector has a total net position of zero (line item 17), which has to do with financial intermediaries. Statistics on assets and liabilities from commercial banks, development banks and Banco de México were used to consolidate banking sector's financial flows.
7/ In addition to firms, private sector includes non-bank financial intermediaries.
8/ Includes government securities, IPAB securities, BREMS, private securities and states and municipal securities, and securities held by Siefores.
9/ Includes retirement saving funds from both the Public Employees' Social Service Institute (Instituto de Seguridad y Servicios Sociales para los Trabajadores del Estado, ISSSTE) and the Social Security Institute (Instituto Méxicano del Seguro Social, IMSS) held by Banco de México, and housing funds.
10/ In addition to firms, private sector includes individuals with business activities, and non-bank financial intermediaries and securities associated to restructuring programs.
11/ Includes non-classified assets, real estate assets and others, as well as banking sector's capital accounts and balance sheets.
12/ Difference between financial data and data drawn from the balance of payments.
13/ Corresponds to the balance of payments' current account. A negative figure implies external financing to the domestic economy (external sector surplus), which is equivalent to Mexico's current account deficit.