| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Mexico Economy 2014
http://www.theodora.com/wfbcurrent/mexico/mexico_economy.html
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


















GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese



Page last updated on January 31, 2014

Economy - overview:
Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Since the implementation of the North American Free Trade Agreement (NAFTA) in 1994, Mexico's share of US imports has increased from 7% to 12%, and its share of Canadian imports has doubled to 5.5%. Mexico has free trade agreements with over 50 countries including Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan - putting more than 90% of trade under free trade agreements. In 2012 Mexico formally joined the Trans-Pacific Partnership negotiations and in July it formed the Pacific Alliance with Peru, Colombia and Chile. In 2007, during its first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass pension and fiscal reforms. The administration passed an energy reform measure in 2008 and another fiscal reform in 2009. Mexico's GDP plunged 6.2% in 2009 as world demand for exports dropped, asset prices tumbled, and remittances and investment declined. GDP posted positive growth of 5.6% in 2010 with exports - particularly to the United States - leading the way. Growth slowed to 3.9% in 2011 and slightly recovered to 4% in 2012. In November 2012, Mexico's legislature passed a comprehensive labor reform which was signed into law by former President Felipe CALDERON. Mexico's new PRI government, led by President Enrique PENA NIETO, has said it will prioritize structural economic reforms and competitiveness. The new president signed the Pact for Mexico, an agreement that lists 95 priority commitments, along with the leaders of the country's three main political parties: the Institutional Revolutionary Party (PRI), the National Action Party (PAN) and the Party of the Democratic Revolution (PRD).

GDP (purchasing power parity):
$1.798 trillion (2012 est.)
country comparison to the world: 12

$1.736 trillion (2011 est.)
$1.669 trillion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$1.161 trillion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.6% (2012 est.)
country comparison to the world: 97

4% (2011 est.)
5.1% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$15,400 (2012 est.)
country comparison to the world: 86

$15,000 (2011 est.)
$14,600 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
21.7% of GDP (2012 est.)
country comparison to the world: 63

21.4% of GDP (2011 est.)
21.8% of GDP (2010 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 68.1%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 11.6%
investment in fixed capital: 22.6%
investment in inventories: 0.3%
exports of goods and services: 32.9%
imports of goods and services: -35.5%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 3.6%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 35.8%
services: 60.7% (2012 est.)

Agriculture - products:
corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products

Industries:
food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism

Industrial production growth rate:
2.8% (2012 est.)
country comparison to the world: 92
[see also: Industrial production growth rate country ranks ]

Labor force:
50.64 million (2012 est.)
country comparison to the world: 14
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 13.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 23.4%
services: 62.9% (2005)

Unemployment rate:
5% (2012 est.)
country comparison to the world: 46

5.2% (2011 est.)
note: underemployment may be as high as 25%
[see also: Unemployment rate country ranks ]

Population below poverty line:
51.3%
note: based on food-based definition of poverty; asset based poverty amounted to more than 47% (2010 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.5%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 41.4% (2008)

Distribution of family income - Gini index:
48.3 (2008)
country comparison to the world: 25

53.1 (1998)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $266.9 billion
[see also: Budget revenues country ranks ]
expenditures: $297.7 billion (2012 est.)

Taxes and other revenues:
23% of GDP (2012 est.)
country comparison to the world: 145
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.7% of GDP (2012 est.)
country comparison to the world: 106
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
35.8% of GDP (2012 est.)
country comparison to the world: 104

35.2% of GDP (2011 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
4.1% (2012 est.)
country comparison to the world: 128

3.4% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.5% (31 December 2012 est.)
country comparison to the world: 81

4.5% (31 December 2011 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
4.73% (31 December 2012 est.)
country comparison to the world: 159

4.92% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$175.2 billion (31 December 2012 est.)
country comparison to the world: 22

$148.9 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$738 billion (31 December 2012 est.)
country comparison to the world: 20

$684.1 billion (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$404.4 billion (31 December 2012 est.)
country comparison to the world: 30

$359.5 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$408.7 billion (31 December 2011)
country comparison to the world: 22

$454.3 billion (31 December 2010)
$340.6 billion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$-14.18 billion (2012 est.)
country comparison to the world: 178

$-11.84 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$371.4 billion (2012 est.)
country comparison to the world: 16

$349.9 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton

Exports - partners:
US 78% (2012)

Imports:
$371.2 billion (2012 est.)
country comparison to the world: 15

$351.2 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts

Imports - partners:
US 49.9%, China 15.4%, Japan 4.8% (2012)

Reserves of foreign exchange and gold:
$167.1 billion (31 December 2012 est.)
country comparison to the world: 18

$149.3 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$347.1 billion (31 December 2012 est.)
country comparison to the world: 30

$287 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$400.9 billion (31 December 2012 est.)
country comparison to the world: 19

$351 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$133 billion (31 December 2012 est.)
country comparison to the world: 26

$98.52 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Mexican pesos (MXN) per US dollar -

13.17 (2012 est.)
12.423 (2011 est.)
12.636 (2010 est.)
13.514 (2009)
11.016 (2008)


NOTE: The information regarding Mexico on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mexico Economy 2014 information contained here. All suggestions for corrections of any errors about Mexico Economy 2014 should be addressed to the CIA.



- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

http://www.theodora.com/wfbcurrent/mexico/mexico_economy.html

This page was last modified 06-Nov-14
Copyright © 1995-2014 ITA all rights reserved.

    . Feedback