Samuel Vázquez
Samuel Vázquez
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

Mortgage lending increased, with higher average amounts and a slight increase in the interest rate. In 2018, payroll loans slowed their growth rate. The Financial System Stability Council (CESF) updates its risk balance. High concentration of demand for bank mortgage loans.
As with the rest of the economy, the construction sector experienced a significant slowdown at the end of 2018. The two main components, Building and Civil Engineering Works, recorded drops in GDP in the third and fourth quarters.
Financing provided to the non-financial private sector slowed in the second half of 2018. Housing prices rose by 7.9% in the first quarter of 2018. Market players focus on concerns around the financial situation of Pemex and the "patient" stance of the FED.