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    Mexico Economy - 2003
    https://theodora.com/wfb2003/mexico/mexico_economy.html
    SOURCE: 2003 CIA WORLD FACTBOOK

      Economy - overview: Mexico has a free market economy with 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, natural gas distribution, and airports. Income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. Following 6.9% growth in 2000, real GDP fell 0.3% in 2001, recovering to only a plus 1% in 2002, with the US slowdown the principal cause. Mexico implemented free trade agreements with Guatemala, Honduras, El Salvador, and the European Free Trade Area in 2001, putting more than 90% of trade under free trade agreements. Foreign direct investment reached $25 billion in 2001, of which $12.5 billion came from the purchase of Mexico's second-largest bank, Banamex, by Citigroup.


      GDP: purchasing power parity - $900 billion (2002 est.)


      GDP - real growth rate: 1% (2002 est.)


      GDP - per capita: purchasing power parity - $9,000 (2002 est.)


      GDP - composition by sector: agriculture: 5%
      industry: 26%
      services: 69% (2001 est.)


      Population below poverty line: 40% (2001 est.)


      Household income or consumption by percentage share: lowest 10%: 1.6%
      highest 10%: 41.1% (2001)


      Distribution of family income - Gini index: 53.1 (1998)


      Inflation rate (consumer prices): 6.4% (2002 est.)


      Labor force: 39.8 million (2000)


      Labor force - by occupation: agriculture 20%, industry 24%, services 56% (1998)


      Unemployment rate: urban - 3% plus considerable underemployment (2002)


      Budget: revenues: $136 billion
      expenditures: $140 billion, including capital expenditures of $NA (2001 est.)


      Industries: food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism


      Industrial production growth rate: 4.9% (2002 est.)


      Electricity - production: 198.6 billion kWh (2001)


      Electricity - production by source: fossil fuel: 78.7%
      hydro: 14.2%
      other: 2.9% (2001)
      nuclear: 4.2%


      Electricity - consumption: 186.7 billion kWh (2001)


      Electricity - exports: 77 million kWh (2001)


      Electricity - imports: 2.068 billion kWh (2001)


      Oil - production: 3.59 million bbl/day (2001 est.)


      Oil - consumption: 1.507 million bbl/day (2001 est.)


      Oil - exports: 1.881 million bbl/day (2001)


      Oil - imports: 374,700 bbl/day (2001)


      Oil - proved reserves: 25.03 billion bbl (January 2002 est.)


      Natural gas - proved reserves: 969.2 billion cu m (January 2002 est.)


      Agriculture - products: corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products


      Exports: $158.4 billion f.o.b. (2002 est.)


      Exports - commodities: manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton


      Exports - partners: US 88.4%, Canada 2%, Germany 0.9%, Spain 0.8%, Netherlands Antilles 0.6%, Japan 0.4%, UK 0.4%, Venezuela 0.4%, (2001 est.)


      Imports: $168.4 billion f.o.b. (2002)


      Imports - commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts


      Imports - partners: US 68.4%, Japan 4.7%, Germany 3.6%, Canada 2.5%, China 2.2%, South Korea 2.1%, Taiwan 1.6%, Italy 1.3%, Brazil 1.1% (2001 est.)


      Debt - external: $150 billion (2000 est.)


      Economic aid - recipient: $1.166 billion (1995)


      Currency: Mexican peso (MXN)


      Currency code: MXN


      Exchange rates: Mexican pesos per US dollar - 9.656 (2002), 9.3423 (2001), 9.4556 (2000), 9.5604 (1999), 9.136 (1998)


      Fiscal year: calendar year


      NOTE: The information regarding Mexico on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Mexico Economy 2003 should be addressed to the CIA.

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    https://theodora.com/wfb2003/mexico/mexico_economy.html

    Revised 20-Sep-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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