| People | Mexico |
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Economy - overview:
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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 one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 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 his first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass a pension and a fiscal reform. The administration continues to face many economic challenges including the need to upgrade infrastructure, modernize labor laws, and allow private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs. |
GDP (purchasing power parity):
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$1.353 trillion (2007 est.) |
GDP (official exchange rate):
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$886.4 billion (2007 est.) |
GDP - real growth rate:
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3% (2007 est.) |
GDP - per capita (PPP):
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$12,500 (2007 est.) |
GDP - composition by sector:
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agriculture: 3.9%
industry: 26.3%
services: 69.9% (2007 est.) |
Investment (gross fixed):
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21.5% of GDP (2007 est.) |
Population below poverty line:
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13.8% using food-based definition of poverty; asset based poverty amounted to more than 40% (2006) |
Household income or consumption by percentage share:
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lowest 10%: 1.2%
highest 10%: 37% (2006) |
Distribution of family income - Gini index:
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50.9 (2005) |
Inflation rate (consumer prices):
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3.8% (2007) |
Labor force:
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45.38 million (2007 est.) |
Labor force participation rate:
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41.27 % of population |
Labor force - by occupation:
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agriculture: 18%
industry: 24%
services: 58% (2003) |
Unemployment rate:
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3.7% plus underemployment of perhaps 25% (2007 est.) |
Budget:
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revenues: $209.2 billion
expenditures: $209.2 billion (2007 est.) |
Budget revenues per capita:
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1,903 USD per capita |
Public debt:
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23.1% of GDP (2007 est.) |
Industries:
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food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism |
Industrial production growth rate:
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1.2% (2007 est.) |
Electricity - production:
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222.4 billion kWh (2005) |
Electricity - production per capita:
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2,023 kWh per capita |
Electricity - consumption:
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183.3 billion kWh (2005) |
Electricity - consumption - per capita:
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1,668 kWh per capita |
Electricity - exports:
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1.597 billion kWh (2005) |
Electricity - imports:
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470.7 million kWh (2005) |
Oil - production:
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3.784 million bbl/day (2005 est.) |
Oil - production per capita:
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34,414 bbl/day per capita |
Oil - consumption:
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2.078 million bbl/day (2005 est.) |
Oil - consumption - per capita:
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6.90 bbl/year per capita |
Oil - exports:
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2.268 million bbl/day (2004) |
Oil - imports:
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308,500 bbl/day (2004) |
Oil - proved reserves:
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12.88 billion bbl (1 January 2006 est.) |
Natural gas - production:
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41.37 billion cu m (2005 est.) |
Natural gas - production per capita:
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377 cu m per capita |
Natural gas - consumption:
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47.5 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
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432 cu m per capita |
Natural gas - exports:
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282.9 million cu m (2005 est.) |
Natural gas - imports:
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9.717 billion cu m (2005) |
Natural gas - proved reserves:
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434.1 billion cu m (1 January 2006 est.) |
Agriculture - products:
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corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products |
Current account balance:
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-$5.414 billion (2007 est.) |
Current account balance - per capita:
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-49 USD per capita |
Exports:
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$267.5 billion f.o.b. (2007 est.) |
Exports per capita:
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2,433 USD per capita |
Exports - commodities:
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manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton |
Exports - partners:
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US 84.7%, Canada 2.1%, Spain 1.3% (2006) |
Imports:
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$279.3 billion f.o.b. (2007 est.) |
Imports per capita:
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2,541 USD per capita |
Imports - commodities:
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metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts |
Imports - partners:
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US 50.9%, China 9.5%, Japan 6%, South Korea 4.2% (2006) |
Reserves of foreign exchange and gold:
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$85.11 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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775 USD per capita |
Debt - external:
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$182 billion (30 June 2007) |
Debt - external - per capita:
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1,656 USD per capita |
Stock of direct foreign investment - at home:
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$236.2 billion (2006 est.) |
Stock of direct foreign investment - abroad:
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$30.75 billion (2006 est.) |
Market value of publicly traded shares:
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$348.3 billion (2006) |
Economic aid - donor:
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void |
Economic aid - recipient:
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$189.4 million (2005) |
Economic aid - recipient per capita:
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2 USD per capita |
Currency (code):
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Mexican peso (MXN) |
Exchange rates:
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Mexican pesos per US dollar - 10.8 (2007), 10.899 (2006), 10.898 (2005), 11.286 (2004), 10.789 (2003) |
Fiscal year:
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calendar year |
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