Searcher
Samuel Vázquez
Samuel Vázquez
BBVA Research - Principal Economist

Samuel Vázquez is the Head Economist of BBVA Research Mexico. His duties include the economic analysis of all of Mexico’s economic sectors, and the evaluation of their regulations and prospects. Previously, as a Senior Economist, he was responsible for real estate sector analysis.


Before joining BBVA in Mexico, Samuel Vázquez collaborated with the Federal Competition Commission as Deputy Director of Economic Studies, later becoming Director of Economic Studies. There, he was responsible for analysing competition in different economic sectors, public purchasing, and regulation. In addition to economic research he provided assistance with research into operational areas to support the economic evidence. Prior to this, he worked in the National Banking and Securities Commission, where he was in charge of calculating the tax cost of the debtor relief programmes rolled out by banks in response to the banking crisis, as well as supervising the application of the subsidies thereby arising.


In the private sector he worked in companies like Operadora Vips, where his job was centred around estimating internal demand for consumables of restaurant operations at the national level. Before that he worked at Lamimex, a company in the stationery industry, as well as in companies in the automobile industry.


He has completed classes in the Industrial Organisation at the Mexico City Monterrey Campus, as well as classes on programming languages at the National College of Economists. He published the article Bid rigging in Public Procurement of Generic Drugs in Mexico in Competition Policy International Journal in collaboration with Ernesto Estrada.


Samuel has a Master’s Degree in Economics from the Colegio de México and a Bachelor’s Degree in Economics from the Monterrey Institute of Technology and Higher Education.

Latest publications

By the end of 2023, Mexico recorded a trade deficit of 5,463 million dollars ($5.46 bn). Manufacturing leads both exports and imports. Mexico solidified its position as the leading supplier in the US market while FDI dropped slightly in 2023.
In this release of our Regional Sectoral Outlook is set apart by the change of base year in August 2023 with an updated perspective of the sectoral and regional composition of the Mexican economy. During 2024, the GDP of Finance could grow the most (5.3%), followed by Management (5.3%) and Entertainment & Recreation (4.5%)
Construction grows 10.5% in the second trimester of 2023, the impulse comes from Civil construction. Mortgage credit shows a contraction of 4.1% on number of mortgages and 8.6% on credit amount. The potential demand for affordable housings amounts to 3.2 million houses.