ÿþ<html> <head> <title> Mexico Economy 2013, CIA World Factbook </title> <META NAME="Description" CONTENT="Mexico Economy 2013, CIA World Factbook"> <META NAME="keywords" CONTENT="Mexico, Economy, 2013, CIA, World, Factbook"> <script language="JavaScript"> function AddToFaves_hp(){ var is_4up = parseInt(navigator.appVersion); var is_mac = navigator.userAgent.toLowerCase().indexOf("mac")!=-1; var is_ie = navigator.userAgent.toLowerCase().indexOf("msie")!=-1; var thePage = location.href; if (thePage.lastIndexOf('#')!=-1) thePage = thePage.substring(0,thePage.lastIndexOf('#')); if (is_ie && is_4up && !is_mac) window.external.AddFavorite(thePage,document.title); else if (is_ie || document.images) booker_hp = window.open(thePage,'booker_','menubar,width=325,height=100,left=140,top=60'); //booker_hp.focus(); } //--> </script> <script type="text/javascript"> (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; 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//728x90, created 1/28/08 google_ad_slot = "6589376789"; google_ad_width = 728; google_ad_height = 90; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"><td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line1.gif"></td></tr> <tr><td colspan="2" align="middle" background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="972"> <font size="-2"> <br></font> <font face="arial" size="5"><b>Mexico</b> Economy 2013</font> <br> <font size = "-2"> http://www.theodora.com/wfbcurrent/mexico/mexico_economy.html </font> <br> <font size="-2"><B>SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES</B></FONT></td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"> <td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line13.gif"></td></tr></table> <table border="0" bgcolor="#FFCC99" cellspacing="0" cellpadding="0" width="972" align="left" valign="top" hspace="0" vspace="0" units="pixels"> <tr><td background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="200" valign="top"> <font face="arial"> <br><br> <center> <script type="text/javascript"><!-- google_ad_client = "pub-7437757543052749"; 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/* WFB Medium Rectangle */ google_ad_slot = "5200087626"; google_ad_width = 300; google_ad_height = 250; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <br> Page last updated on February 14, 2013 <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#economy_overview">Economy - overview:</a></b><br> 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%. 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 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 3.8% in 2012, however. The administration continues to face many economic challenges, including improving the public education system, upgrading infrastructure, modernizing labor laws, and fostering private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs. <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#GDP">GDP</a> (purchasing power parity):</b><br> $1.758 trillion (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 12 <div class="category_data" style="padding-top: 3px;">$1.694 trillion (2011 est.) <div class="category_data" style="padding-top: 3px;">$1.629 trillion (2010 est.) <br><i> <em>note:</em> </i>data are in 2012 US dollars <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_purchasing_power_parity_2013_0.html" target="_blank"><u>GDP country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_official_exchange_rate">GDP (official exchange rate):</a></b><br> $1.163 trillion (2012 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_official_exchange_rate_2013_0.html" target="_blank"><u>GDP (official exchange rate) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_real_growth_rate">GDP - real growth rate:</a></b><br> 3.8% (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 90 <div class="category_data" style="padding-top: 3px;">3.9% (2011 est.) <div class="category_data" style="padding-top: 3px;">5.6% (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_real_growth_rate_2013_0.html" target="_blank"><u>GDP - real growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_per_capita">GDP - per capita:</a></b><br> $15,300 (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 83 <div class="category_data" style="padding-top: 3px;">$14,900 (2011 est.) <div class="category_data" style="padding-top: 3px;">$14,500 (2010 est.) <br><i> <em>note:</em> </i>data are in 2012 US dollars <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_per_capita_2013_0.html" target="_blank"><u>GDP - per capita country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_composition_by_sector">GDP - composition by sector:</a></b><br> <i>agriculture: </i>3.7% <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_agriculture_2013_0.html" target="_blank"><u>GDP - composition by sector - agriculture country ranks</u></a> ] <br><i> industry: </i>34.2% <br><i> services: </i>62.1% (2012 est.) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force">Labor force:</a></b><br> 50.01 million (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 12 <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_2013_0.html" target="_blank"><u>Labor force country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force_by_occupation">Labor force - by occupation:</a></b><br> <i>agriculture: </i>13.7% <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_agriculture_2013_0.html" target="_blank"><u>Labor force - by occupation - agriculture country ranks</u></a> ] <br><i> industry: </i>23.4% <br><i> services: </i>62.9% (2005) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#unemployment_rate">Unemployment rate:</a></b><br> 4.5% (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 44 <div class="category_data" style="padding-top: 3px;">5.2% (2011 est.) <br><i> <em>note:</em> </i>underemployment may be as high as 25% <br>[see also: <a href="http://www.photius.com/rankings/economy/unemployment_rate_2013_0.html" target="_blank"><u>Unemployment rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#population_below_poverty_line">Population below poverty line:</a></b><br> 51.3% <br><i> <em>note:</em> </i>based on food-based definition of poverty; asset based poverty amounted to more than 47% (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/population_below_poverty_line_2013_0.html" target="_blank"><u>Population below poverty line country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#household_income_or_consumption_by_percentage_share">Household income or consumption by percentage share:</a></b><br> <i>lowest 10%: </i>1.5% <br>[see also: <a href="http://www.photius.com/rankings/economy/household_income_or_consumption_by_percentage_share_lowest_10pct_2013_0.html" target="_blank"><u>Household income or consumption by percentage share - lowest 10% country ranks</u></a> ] <br><i> highest 10%: </i>41.4% (2008) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#distribution_of_family_income_gini_index">Distribution of family income - Gini index:</a></b><br> 51.7 (2008) <br><span style="padding-left:7px;">country comparison to the world: 18 <div class="category_data" style="padding-top: 3px;">53.1 (1998) <br>[see also: <a href="http://www.photius.com/rankings/economy/distribution_of_family_income_gini_index_2013_0.html" target="_blank"><u>Distribution of family income - Gini index country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#investment_gross_fixed">Investment (gross fixed):</a></b><br> 21.5% of GDP (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 79 <br>[see also: <a href="http://www.photius.com/rankings/economy/investment_2013_0.html" target="_blank"><u>Investment (gross fixed) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget">Budget:</a></b><br> <i>revenues: </i>$270.2 billion <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_revenues_2013_0.html" target="_blank"><u>Budget revenues country ranks</u></a> ] <br><i> expenditures: </i>$298.2 billion (2012 est.) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#taxes_and_other_revenues">Taxes and other revenues:</a></b><br> 23.2% of GDP (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 137 <br>[see also: <a href="http://www.photius.com/rankings/economy/taxes_and_other_revenues_2013_0.html" target="_blank"><u>Taxes and other revenues country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget_surplus_or_deficit">Budget surplus (+) or deficit (-):</a></b><br> -2.4% of GDP (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 86 <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_surplus_or_deficit_2013_0.html" target="_blank"><u>Budget surplus (+) or deficit (-) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#public_debt">Public debt:</a></b><br> 35.4% of GDP (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 100 <div class="category_data" style="padding-top: 3px;">35.4% of GDP (2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/public_debt_2013_0.html" target="_blank"><u>Public debt country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#inflation_rate_consumer_prices">Inflation rate (consumer prices):</a></b><br> 4.1% (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 119 <div class="category_data" style="padding-top: 3px;">3.4% (2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/inflation_rate_2013_0.html" target="_blank"><u>Inflation rate (consumer prices) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#central_bank_discount_rate">Central bank discount rate:</a></b><br> NA% (31 December 2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 80 <div class="category_data" style="padding-top: 3px;">4.5% (31 December 2009 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/central_bank_discount_rate_2013_0.html" target="_blank"><u>Central bank discount rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#commercial_bank_prime_lending_rate">Commercial bank prime lending rate:</a></b><br> 4.7% (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 158 <div class="category_data" style="padding-top: 3px;">4.92% (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/commercial_bank_prime_lending_rate_2013_0.html" target="_blank"><u>Commercial bank prime lending rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_of_narrow_money">Stock of narrow money:</a></b><br> $180.7 billion (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 20 <div class="category_data" style="padding-top: 3px;">$148.9 billion (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_narrow_money_2013_0.html" target="_blank"><u>Stock of narrow money country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_of_broad_money">Stock of broad money:</a></b><br> $738 billion (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 21 <div class="category_data" style="padding-top: 3px;">$684.1 billion (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_broad_money_2013_0.html" target="_blank"><u>Stock of broad money country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_of_domestic_credit">Stock of domestic credit:</a></b><br> $445.6 billion (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 27 <div class="category_data" style="padding-top: 3px;">$359.5 billion (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_domestic_credit_2013_0.html" target="_blank"><u>Stock of domestic credit country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#market_value_of_publicly">Market value of publicly traded shares:</a></b><br> $408.7 billion (31 December 2011) <br><span style="padding-left:7px;">country comparison to the world: 22 <div class="category_data" style="padding-top: 3px;">$454.3 billion (31 December 2010) <div class="category_data" style="padding-top: 3px;">$340.6 billion (31 December 2009) <br>[see also: <a href="http://www.photius.com/rankings/economy/market_value_of_publicly_traded_shares_2013_0.html" target="_blank"><u>Market value of publicly traded shares country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#agriculture_products">Agriculture - products:</a></b><br> corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industries">Industries:</a></b><br> food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industrial_production_growth_rate">Industrial production growth rate:</a></b><br> 3.9% (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 84 <br>[see also: <a href="http://www.photius.com/rankings/economy/industrial_production_growth_rate_2013_0.html" target="_blank"><u>Industrial production growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#current_account_balance">Current account balance:</a></b><br> -$8.361 billion (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 172 <div class="category_data" style="padding-top: 3px;">-$11.07 billion (2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/current_account_balance_2013_0.html" target="_blank"><u>Current account balance country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports">Exports:</a></b><br> $377.4 billion (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 16 <div class="category_data" style="padding-top: 3px;">$349.4 billion (2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/exports_2013_0.html" target="_blank"><u>Exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports_commodities">Exports - commodities:</a></b><br> manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports_partners">Exports - partners:</a></b><br> US 78.6% (2011) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports">Imports:</a></b><br> $379.4 billion (2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 15 <div class="category_data" style="padding-top: 3px;">$350.8 billion (2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/imports_2013_0.html" target="_blank"><u>Imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports_commodities">Imports - commodities:</a></b><br> metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports_partners">Imports - partners:</a></b><br> US 49.7%, China 14.9%, Japan 4.7% (2011) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#reserves_of_foreign_exchange_and_gold">Reserves of foreign exchange and gold:</a></b><br> $141.9 billion (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 18 <div class="category_data" style="padding-top: 3px;">$149.3 billion (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/reserves_of_foreign_exchange_and_gold_2013_0.html" target="_blank"><u>Reserves of foreign exchange and gold country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#debt_external">Debt - external:</a></b><br> $217.7 billion (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 31 <div class="category_data" style="padding-top: 3px;">$210.9 billion (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/debt_external_2013_0.html" target="_blank"><u>Debt - external country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_direct_foreign_investment_at_home">Stock of direct foreign investment - at home:</a></b><br> $320.8 billion (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 18 <div class="category_data" style="padding-top: 3px;">$302.3 billion (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_direct_foreign_investment_at_home_2013_0.html" target="_blank"><u>Stock of direct foreign investment - at home country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#stock_direct_foreign_investment_abroad">Stock of direct foreign investment - abroad:</a></b><br> $129.7 billion (31 December 2012 est.) <br><span style="padding-left:7px;">country comparison to the world: 26 <div class="category_data" style="padding-top: 3px;">$112.1 billion (31 December 2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/stock_of_direct_foreign_investment_abroad_2013_0.html" target="_blank"><u>Stock of direct foreign investment - abroad country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exchange_rates">Exchange rates:</a></b><br> Mexican pesos (MXN) per US dollar - <div class="category_data" style="padding-top: 3px;">13.25 (2012 est.) <div class="category_data" style="padding-top: 3px;">12.423 (2011 est.) <div class="category_data" style="padding-top: 3px;">12.636 (2010 est.) <div class="category_data" style="padding-top: 3px;">13.514 (2009) <div class="category_data" style="padding-top: 3px;">11.016 (2008) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#fiscal_year">Fiscal year:</a></b><br> calendar year </font> <p> <p> <BR> <P> <font size = "-2"><B> NOTE: The information regarding Mexico on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mexico Economy 2013 information contained here. 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