Mexico’s fertility rate fell to just 1.2 in 2024. That is close to that of Japan, Italy, and Spain.

In Mexico City the TFR is just 0.80 which is lower than that of South Korea this year.

Mexico may be on a Russia in the 1990s and early 2000s demographic trajectory.

If so expect the country to develop a labor market which draws in millions more from Honduras, El Salvador, Guatemala, and Nicaragua, hollowing out these countries.