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ARTICLE · 13 JANUARY 2023

Increase To The UMA Value Announced For 2023

On January 9, 2023, Mexico's National Institute of Statistics and Geography published the new values for the Updated Metric Unit (Unidad de Medida y Actualización, ...

MexicoEmployment and HR

On January 9, 2023, Mexico's National Institute of Statistics and Geography published the new values for the Updated Metric Unit (Unidad de Medida y Actualización, or UMA by its acronym in Spanish) that will take effect on February 1, 2023, as provided by Article 5 of the Law to determine the value of the UMA.

The values of the UMA for 2023 will be as follows:

   Year   

   Daily   

   Monthly   

   Annual   

   2023   

   $103.74 MXN   

   $3,153.70 MXN   

   $37,844.40 MXN   

The variation from the 2022 UMA is +7.82%.

The UMA serves as the basis for calculating the payments, obligations, or penalties that are owed to the government, whether under federal or state law. Its updated value is published on an annual basis.

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