unbekannter Gast

Mexico: Economy#

Mexico's $1.3 trillion economy has become increasingly oriented toward manufacturing in the 20 years since the North American Free Trade Agreement (NAFTA) entered into force. Per capita income is roughly one-third that of the US; income distribution remains highly unequal. Mexico has become the United States' second-largest export market and third-largest source of imports. In 2013, two-way merchandise trade reached nearly $507 billion. 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 formed the Pacific Alliance with Peru, Colombia and Chile. Mexico's current government, led by President Enrique PENA NIETO, emphasized economic reforms during its first year in office, passing education, energy, financial, fiscal and telecommunications reform legislation. The three-party "Pact for Mexico" reform agenda aims to improve competitiveness and economic growth across the Mexican economy.

Economic Facts#

GDP (purchasing power parity)$1.845 trillion (2013 est.)
$1.823 trillion (2012 est.)
$1.76 trillion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate1.2% (2013 est.)
3.6% (2012 est.)
4% (2011 est.)
GDP - per capita (PPP)$15,600 (2013 est.)
$15,600 (2012 est.)
$15,200 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 3.6%
industry: 36.6%
services: 59.8% (2013 est.)
Population below poverty line52.3%
note: based on food-based definition of poverty; asset based poverty amounted to more than 47% (2012 est.)
Household income or consumption by percentage sharelowest 10%: 2%
highest 10%: 37.5% (2010)
Labor force - by occupationagriculture: 13.4%
industry: 24.1%
services: 61.9% (2011)
Exports - commoditiesmanufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton
Exports - partnersUS 78% (2012)
Agriculture - productscorn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products
Budgetrevenues: $291.2 billion
expenditures: $324.1 billion (2013 est.)
Imports - commoditiesmetalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts
Imports - partnersUS 49.9%, China 15.4%, Japan 4.8% (2012)
Exchange ratesMexican pesos (MXN) per US dollar -
12.76 (2013 est.)
13.17 (2012 est.)
12.636 (2010 est.)
13.514 (2009)
11.016 (2008)
Exports$370.9 billion (2013 est.)
$349.6 billion (2012 est.)
Debt - external$354.9 billion (31 December 2013 est.)
$286.4 billion (31 December 2012 est.)
Fiscal yearcalendar year
Imports$370.7 billion (2013 est.)
$350.9 billion (2012 est.)
Industrial production growth rate3.5% (2013 est.)
Industriesfood and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism
Inflation rate (consumer prices)4% (2013 est.)
3.6% (2012 est.)
Labor force51.48 million (2013 est.)
Unemployment rate4.9% (2013 est.)
5.3% (2012 est.)
note: underemployment may be as high as 25%
Distribution of family income - Gini index48.3 (2008)
53.1 (1998)
Public debt37.7% of GDP (2013 est.)
35.8% of GDP (2012 est.)
Current account balance-$14.18 billion (2013 est.)
-$11.84 billion (2012 est.)
Reserves of foreign exchange and gold$167.1 billion (31 December 2013 est.)
$149.2 billion (31 December 2012 est.)
GDP (official exchange rate)$1.327 trillion (2013 est.)
Stock of direct foreign investment - at home$435.3 billion (31 December 2013 est.)
$400.9 billion (31 December 2012 est.)
Stock of direct foreign investment - abroad$141.2 billion (31 December 2013 est.)
$133 billion (31 December 2012 est.)
Market value of publicly traded shares$525.1 billion (31 December 2012 est.)
$408.7 billion (31 December 2011)
$NA (31 December 2010 est.)
Central bank discount rate4.5% (31 December 2012 est.)
4.5% (31 December 2011 est.)
Commercial bank prime lending rate4.7% (31 December 2013 est.)
4.73% (31 December 2012 est.)
Stock of domestic credit$444.6 billion (31 December 2013 est.)
$404.4 billion (31 December 2012 est.)
Stock of narrow money$174.2 billion (31 December 2012 est.)
$170.5 billion (31 December 2011 est.)
Stock of broad money$713 billion (31 December 2013 est.)
$671.8 billion (31 December 2012 est.)
Taxes and other revenues21.9% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-2.5% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 69.1%
government consumption: 11.8%
investment in fixed capital: 22.7%
investment in inventories: -1%
exports of goods and services: 31.2%
imports of goods and services: -33.8%
(2013 est.)
Gross national saving21% of GDP (2013 est.)
21.3% of GDP (2012 est.)
21.2% of GDP (2011 est.)