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Mexico
Introduction
Key Economic Facts
Mexico is a country located in North America with a North
Pacific Ocean, Gulf of Mexico, and Caribbean Sea
coastline. Neighboring countries include Belize, United
States, and Guatemala. Mexico is crossed
by two mountain ranges known as Sierra
Madre Oriental and Sierra Madre
Occidental, which are the extension of the
Rocky Mountains from northern North
America. The government system is a federal republic; the
chief of state and head of government is the president.
Mexico has a free market economy in which the prices of
goods and services are
determined in a free price
system. Mexico is a member of
the Asia-Pacific Economic
Cooperation (APEC), the North
American Free Trade
Agreement (NAFTA), and the
Trans-Pacific Partnership
(TPP).
Income Level (by per capita
GNI):
Level of Development:
GDP, PPP (current international
$):
GDP growth (annual %):
GDP per capita, PPP (current
international $):
External debt stocks, total
(DOD, current US$):
Manufacturing, value added (%
of GDP):
Current account balance (BoP,
current US$):
Inflation, consumer prices
(annual %):
Labor force, total:
Unemployment, total (% of
total labor force) (modeled ILO
estimate):
Imports of goods and services
(current US$):
Exports of goods and services
(current US$):
Location:
Capital City:
Chief of State:
Head of Govt.:
Currency:
Major Languages:
Northern America
Mexico City (-6 GMT)
President Enrique Peña Nieto
President Enrique Peña Nieto
Mexican peso (MXN)
Spanish only 92.7%, Spanish and
indigenous languages 5.7%,
indigenous only 0.8%, unspecified
0.8%
Primary Religions: Roman Catholic 82.7%, Pentecostal
1.6%, Jehovah's Witnesses 1.4%,
other Evangelical Churches 5%, other
1.9%, none 4.7%, unspecified 2.7%
Calling Code: 52
Voltage: 127
Key Websites
Main Government Page:
Commerce Ministry:
Export Promotion Agency:
Investment Promotion
Agency:
portal2.edomex.gob.mx
gob.mx
bancomext.com
promexico.gob.mx
Risk Assessment (Provided by Coface)
Upper Middle Income
Developing
$2,157.82 billion (2015)
2.46% (2015)
$16,988.38 (2015)
$426,334,055,000.00 (2015)
18.44% (2015)
-$33.35 billion (2015)
2.82% (2016)
58,284,631 (2016)
4.01% (2016)
$428.62 billion (2015)
$404.39 billion (2015)
GDP Composition %
Agriculture
Industry
Manufacturing
Services
64
33
4
18
Country rating: B - Political and economic uncertainties
and an occasionally difficult business environment can
affect corporate payment behavior. Corporate default
probability is appreciable.
Business Climate rating: A4 - The business environment
is acceptable. Corporate financial information is sometimes
neither readily available nor sufficiently reliable. Debt
collection is not always efficient and the institutional
framework has shortcomings. Intercompany transactions
may thus run into appreciable difficulties in the acceptable
but occasionally unstable environments rated A4.
Strengths
• Geographic proximity to the North American economy
• Membership of NAFTA, OECD, the G20, and the
Pacific Alliance
• Renewal of flexible credit line by the IMF until
January 2017
• Substantial industry base
• World class in cement, beer, and telephone sectors
Weaknesses
• Dependence on the United States economy
• Low oil and gas dominated government revenues
• Infrastructure and education weaknesses
• High crime rate
*Although Manufacturing is included in the Industry figures, it is also separately
reported because it plays a critical role in economy.
U.S. Embassy
Rankings
Paseo de la Reforma 305
Col. Cuauhtemoc
06500 Mexico, D.F
P.O. Box 9000, Brownsville, TX 78520
Tel: (01-55) 5080-2000
http://mexico.usembassy.gov/
Index
Corruption Perceptions Index
EY Globalization Index
Global Competitiveness Index
Global Enabling Trade Index
Global Manufacturing Competitiveness Index
(GMCI)
Global Services Location Index
Index of Economic Freedom
International Logistics Performance Index (LPI)
Inward FDI Potential Index
KOF Index of Globalization
Networked Readiness Index (NRI)
Open Budget Index
Rank
123 / 176
37 / 60
51 / 138
51 / 136
8 / 40
8 / 55
70 / 180
54 / 160
57 / 139
71 / 187
76 / 139
16 / 102
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV