Mexico Election 2024: Polling Tracker Sheinbaum Widens Lead to 30 Points as Time Runs Out for Gálvez

(We have updated the tracker with more recent polling. Click here to see the latest.)

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Less than a month from Mexico’s presidential elections, the race is looking bleaker for opposition candidate Xóchitl Gálvez. Frontrunner Claudia Sheinbaum, of the ruling Morena party, continues to hold a commanding lead with 30 points of advantage. It’s an alarming sign for Gálvez, who after two presidential debates and months of touring continues to have very similar levels of voter intention.

Meanwhile, Jorge Álvarez Máynez, who represents the newer Movimiento Ciudadano party, has consistently gained ground after each debate and managed to crack into double-digit support. That could also likely dent the main opposition coalition's performance in congressional races that will also be held June 2.

The next and final presidential debate is May 19.

Bloomberg Poll Tracker

Effective vote intention, as of May 5, 2024

  1. Photo of Claudia Sheinbaum

    59%

    Claudia Sheinbaum

    Morena-PT-PVEM

  2. Photo of Xóchitl Gálvez

    29%

    Xóchitl Gálvez

    PAN-PRI-PRD

  3. Photo of Jorge Alvarez Maynez

    12%

    Jorge Álvarez Máynez

    MC

Note: Data for Movimiento Ciudadano party from November to Jan. 9 reflects support for previous nominee Samuel García Source: Bloomberg Poll Tracker

The Bloomberg Poll Tracker is a weighted poll of polls based on criteria including historical accuracy and survey methodology. Remember, our tracker excludes the effect of undecided voters and people who declined to answer the polls. The latest additions have samples taken through May 5.


Who Is Running to be Mexico's President?

Claudia Sheinbaum
Running for ruling party Morena on a platform of continuity with López Obrador’s popular legacy, this student activist-turned scientist-turned politician is leading the race for the presidency. Sheinbaum, 61, has a long career as a Mexico City official: She was first environmental secretary when López Obrador ran the capital early this century and later oversaw one of its big southern districts before becoming mayor herself in 2018.
Read More
Climate Expert Claudia Sheinbaum Aims to Lead Oil-Rich Mexico
In Sync With AMLO, Mexico Frontrunner Proposes Boosting Welfare

Claudia Sheinbaum at a campaign launch event in Mexico City on March 1.
Claudia Sheinbaum at a campaign launch event in Mexico City on March 1. Photographer: Victoria Razo/Bloomberg

Be sure to check out our interview with Sheinbaum. You can read highlights on Donald Trump, migration, infrastructure and energy here and watch the whole video here.

Xóchitl Gálvez
Tasked with leading a coalition of disparate political parties whose identities have fluctuated over time — from the more right-wing PAN, to the historically powerful PRI and the once left-leaning PRD — and that for many voters have lost their luster. Gálvez herself grew up in poverty and was a businesswoman before entering politics.
Read More
Xochitl Galvez Readies for a Must-Win Mexico Presidential Debate
Mexico’s Maverick ‘Ms. X’ Embraces Pragmatism in Presidential Bid

Xóchitl Gálvez during a campaign event in Mexico City on Jan. 14, 2024.
Xóchitl Gálvez during a campaign event in Mexico City on Jan. 14, 2024. Photographer: Jeoffrey Guillemard/Bloomberg

Check out our full 2023 interview with Gálvez here. You can read highlights on her thoughts on nearshoring, insecurity and Donald Trump here.

Jorge Álvarez Máynez
The last to join the presidential race, he became the nominee of the newer Movimiento Ciudadano party on Jan. 9 after Nuevo León Governor Samuel García withdrew from the race. Álvarez Máynez was previously García’s campaign coordinator and a lawmaker in Mexico’s lower house.

Read More
Nuevo Leon Governor Ally Joins Mexico Presidential Race

Jorge Álvarez Máynez during a campaign launch event in Mexico City on Jan. 10.
Jorge Álvarez Máynez during a campaign launch event in Mexico City on Jan. 10. Photographer: Alejandro Cegarra/Bloomberg

The Economy

López Obrador is leaving behind an economy that has consistently exceeded analyst expectations for growth, as well as a strong peso, declining unemployment and gains in the stock exchange. For many Mexicans, government programs have helped ease pressure caused by inflation, which may translate into votes for continuity at the polling booth.

The Mexican Markets Pulse

Note: CDS show the riskiness of Mexican debt with the cost of insuring $10 million worth of bonds against default Source: Bloomberg

The presidency isn’t without challenges. Chief among them will be dealing with state-owned Petroleos Mexicanos, with a $106 billion debt pile that makes it the world’s most indebted oil company.

López Obrador has been lavishing support on Pemex in the form of tax cuts and capital injections, which haven’t reversed the company’s financial decline. His nationalistic policies also curtailed private-sector investment in Mexico’s oil industry.

A key question will be how his successor addresses that problem. It’s been a recurring topic in the campaigns, with the leading candidates proposing tapping renewable energy sources. Sheinbaum has also proposed refinancing Pemex’s debt.

More on Energy
Sheinbaum Wants Debt-Laden Pemex to Go Green
Mexico’s Gálvez Wants Sweeping Energy Reforms


Security

Also top of mind for voters across the country will be security, according to polls that place it as Mexico’s biggest problem.

Even as the situation worsens, many voters still dread returning to violent drug wars of past administrations, prompting some hesitation to vote against the ruling Morena party.

Homicides Hit a Record High on AMLO’s Watch in Mexico

Note: SESNSP changed its methodology in 2017 Source: Secretariado Ejecutivo del Sistema Nacional de Seguridad Pública

While López Obrador emphasizes he has brought the homicide rate down, numbers are near records and it has become a hot-button issue for the candidates. Gálvez has made it the core of her campaign, with the slogan “For a Mexico without fear.”

Critics of López Obrador’s approach have pointed to how he tasked the armed forces with building infrastructure — from a tourist train in the Yucatan peninsula to an equine reproduction center — to the detriment of security. Read our Big Take investigation.


And AMLO?

Among the many questions that remain are how much of a role the president, whose approval stands close to 60%, will stay present in Mexico’s political landscape once his term is over. So far, he has said he will retire to his ranch in Palenque in the south. In the lead-up to the campaign, López Obrador unveiled a swath of 20 long-shot constitutional reforms aimed at energizing his base and underscoring the ruling Morena party’s values. Constitutional changes require the support of a two-thirds majority in Congress to pass, with the ruling party currently falling short.

Andres Manuel Lopez Obrador speaks in Mexico City on Feb. 5.
Andres Manuel Lopez Obrador speaks in Mexico City on Feb. 5. Photographer: Luis Antonio Rojas/Bloomberg

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