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Mexico Economy - 1991 https://theodora.com/wfb1991/mexico/mexico_economy.html SOURCE: 1991 CIA WORLD FACTBOOK Overview: Mexico's economy is a mixture of state-owned industrial
plants (notably oil), private manufacturing and services, and both
large-scale and traditional agriculture. In the 1980s Mexico experienced
GDP: $236 billion, per capita $2,680; real growth rate 3.9% (1990) Inflation rate (consumer prices): 30% (1990) Unemployment rate: 15-18% (1990 est.) Budget: revenues $44.3 billion; expenditures $55.2 billion, including capital expenditures of $7.8 billion (1989) Exports: $26.8 billion (f.o.b., 1990); commodities--crude oil, oil products, coffee, shrimp, engines, cotton; partners--US 66%, EC 16%, Japan 11% Imports: $29.8 billion (c.i.f., 1990); commodities--grain, metal manufactures, agricultural machinery, electrical equipment; partners--US 62%, EC 18%, Japan 10% External debt: $96.0 billion (1990) Industrial production: growth rate 5.3% (1989); accounts for 27% of GDP Electricity: 27,600,000 kW capacity; 108,976 million kWh produced, 1,240 kWh per capita (1990) Industries: food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, transportation equipment, tourism Agriculture: accounts for 9% of GDP and over 25% of work force; large number of small farms at subsistence level; major food crops--corn, wheat, rice, beans; cash crops--cotton, coffee, fruit, tomatoes; fish catch of 1.4 million metric tons among top 20 nations (1987) Illicit drugs: illicit cultivation of opium poppy and cannabis continues in spite of government eradication efforts; major link in chain of countries used to smuggle cocaine from South American dealers to US markets Economic aid: US commitments, including Ex-Im (FY70-89), $3.1 billion; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $7.1 billion; Communist countries (1970-89), $110 million Currency: Mexican peso (plural--pesos); 1 Mexican peso (Mex$) = 100 centavos Exchange rates: market rate of Mexican pesos (Mex$) per US$1--2,940.9 (January 1991), 2,812.6 (1990), 2,461.3 (1989), 2,273.1 (1988), 1,378.2 (1987), 611.8 (1986), 256.9 (1985) Fiscal year: calendar year
NOTE: The information regarding Mexico on this page is re-published from the 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mexico Economy 1991 information contained here. All suggestions for corrections of any errors about Mexico Economy 1991 should be addressed to the CIA. |