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Mexico Economy 2011
https://theodora.com/wfb2011/mexico/mexico_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 12, 2011

Economy - overview:
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 roughly one-third that of the US; income distribution remains highly unequal. Since the implementation of the North American Free Trade Agreement (NAFTA) in 1994, Mexico's share of US imports has increased from 7% to 12%, and its share of Canadian imports has doubled to 5%. 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 2007, during its first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass pension and fiscal reforms. The administration passed an energy reform measure in 2008, and another fiscal reform in 2009. Mexico's GDP plunged 6.5% in 2009 as world demand for exports dropped and asset prices tumbled, but GDP posted positive growth of 5% in 2010, with export growth leading the way. The administration continues to face many economic challenges, including improving the public education system, upgrading infrastructure, modernizing labor laws, and fostering private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs.

GDP (purchasing power parity):
$1.56 trillion (2010 est.)
country comparison to the world: 12

$1.485 trillion (2009 est.)
$1.589 trillion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$1.004 trillion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5% (2010 est.)
country comparison to the world: 57

-6.5% (2009 est.)
1.5% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$13,800 (2010 est.)
country comparison to the world: 85

$13,400 (2009 est.)
$14,400 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 4.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 33.3%
[see also: GDP - composition by sector - industry country ranks ]
services: 62.5% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
46.99 million (2009 est.)
country comparison to the world: 13
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 13.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 23.4%
[see also: Labor force - by occupation - industry country ranks ]
services: 62.9% (2005)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
5.6% (2010 est.)
country comparison to the world: 55

5.5% (2009 est.)
note: underemployment may be as high as 25%
[see also: Unemployment rate country ranks ]

Population below poverty line:
18.2% using food-based definition of poverty; asset based poverty amounted to more than 47% (2008)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 36.3% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
48.2 (2008)
country comparison to the world: 28

53.1 (1998)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
21.1% of GDP (2009 est.)
country comparison to the world: 73
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $237 billion
[see also: Budget - revenues country ranks ]
expenditures: $267 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
41.5% of GDP (2010 est.)
country comparison to the world: 65

39.1% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4.1% (2010 est.)
country comparison to the world: 121

3.6% (2009)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
NA%
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
7.07% (31 December 2009 est.)
country comparison to the world: 108

8.71% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$135.7 billion (31 December 2010 est)

$119.5 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$583.8 billion (31 December 2010 est.)

$493 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$342.4 billion (31 December 2010 est.)
country comparison to the world: 30

$288.5 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$340.6 billion (31 December 2009)
country comparison to the world: 25

$232.6 billion (31 December 2008)
$397.7 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

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

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

Industrial production growth rate:
6% (2009 est.)
country comparison to the world: 56
[see also: Industrial production growth rate country ranks ]

Electricity - production:
245 billion kWh (2008 est.)
country comparison to the world: 15
[see also: Electricity - production country ranks ]

Electricity - consumption:
181.5 billion kWh (2009 est.)
country comparison to the world: 20
[see also: Electricity - consumption country ranks ]

Electricity - exports:
1.288 billion kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
584 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
3.001 million bbl/day (2009 est.)
country comparison to the world: 7
[see also: Oil - production country ranks ]

Oil - consumption:
2.078 million bbl/day (2009 est.)
country comparison to the world: 12
[see also: Oil - consumption country ranks ]

Oil - exports:
1.225 million bbl/day (2009 est.)
country comparison to the world: 20
[see also: Oil - exports country ranks ]

Oil - imports:
521,100 bbl/day (2008 est.)
country comparison to the world: 24
[see also: Oil - imports country ranks ]

Oil - proved reserves:
12.42 billion bbl (1 January 2010 est.)
country comparison to the world: 18
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
60.35 billion cu m (2009 est.)
country comparison to the world: 15
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
59.8 billion cu m (2009 est.)
country comparison to the world: 12
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
688 million cu m (2009 est.)
country comparison to the world: 40
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
11.84 billion cu m (2009 est.)
country comparison to the world: 19
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
359.7 billion cu m (1 January 2010 est.)
country comparison to the world: 37
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$7 billion (2010 est.)
country comparison to the world: 173

-$6.23 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$303 billion (2010 est.)
country comparison to the world: 15

$229.8 billion (2009 est.)
[see also: Exports country ranks ]

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

Exports - partners:
US 80.5%, Canada 3.6%, Germany 1.4% (2009)

Imports:
$306 billion (2010 est.)
country comparison to the world: 16

$234.4 billion (2009 est.)
[see also: Imports country ranks ]

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 48%, China 13.5%, Japan 4.8% (2009)

Reserves of foreign exchange and gold:
$116.4 billion (31 December 2010 est.)
country comparison to the world: 12

$99.86 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$212.5 billion (31 December 2010 est.)
country comparison to the world: 29

$204.5 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$328.4 billion (31 December 2010 est.)
country comparison to the world: 15

$308.4 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$62.93 billion (31 December 2010 est.)
country comparison to the world: 29

$53.46 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Mexican pesos (MXN) per US dollar - 12.687 (2010), 13.514 (2009), 11.016 (2008), 10.8 (2007), 10.899 (2006)


NOTE: The information regarding Mexico on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mexico Economy 2011 information contained here. All suggestions for corrections of any errors about Mexico Economy 2011 should be addressed to the CIA.



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