THE MEXICAN ECONOMY AT A GLANCE
Overview
| Mexico is the fourteenth (14th) largest economy in the world and the second in Latin America. (Source: IMF 2011). |
Real GDP Quarterly
(Annual % change)
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| Mexico is the eleventh (11th) most populated country with 112.3 million inhabitants. (Source: INEGI 2010 Census). |
| In 2010, GDP (Gross Domestic Product) per capita amounted to 9,566 dollars, which is above Latin American average. (Source: IMF 2011). |
| Mexico actively participates in world trade. It is the 10th largest exporter and importer worldwide, accounting for 2.5% and 2.6% of the world’s total exports and imports, respectively. (Source: World Trade Report WTO, 2011). |
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Inflation rate
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Mexico has signed 11 Free Trade Agreements with 43 countries, including United States, Canada, the European Union and Japan, some of the largest and most lucrative markets in the world. |
| In 2010, according to preliminary estimations, global Foreign Direct Investment (FDI) inflows reached US$1,120 billion. In that year, Mexico was one of the most important recipients of FDI among Latin American countries (Source: UNCTAD, 2011). In 2010, Mexico attracted an amount of US $17.7 billion of FDI. |
| At the end of 2010, Mexico’s international reserves added up to US$113.6 billion, equivalent to almost five months of imports. |
Unemployment
(% of labour force)
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| Mexico is committed to continue with its economic reform in order to achieve greater levels of competitiveness and to promote sustainable economic growth. |
| The Mexican economy offers macroeconomic stability, supported in financial policies aimed at maintaining a balance in the budget, with a modest deficit or surplus. |
| The disciplined and responsible conduction of Mexico’s monetary policy has resulted in a one-digit annual inflation rate, similar to those of our main trading partners. |
| The full flexibility of the exchange rate has allowed smooth adjustments to external shocks, avoiding disruptive episodes of the balance of payments. |
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Última actualización el Jueves, 05 de Julio de 2012 18:06 |
The Mexican Economy at a Glance
