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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)

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).

Inflation rate

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)

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.
Última actualización el Jueves, 05 de Julio de 2012 18:06
 
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