Mexico Introduction - 2022

GEOGRAPHICAL NAMES 

Background

The site of several advanced Amerindian civilizations - including the Olmec, Toltec, Teotihuacan, Zapotec, Maya, and Aztec - Mexico was conquered and colonized by Spain in the early 16th century. Administered as the Viceroyalty of New Spain for three centuries, it achieved independence early in the 19th century. Elections held in 2000 marked the first time since the 1910 Mexican Revolution that an opposition candidate - Vicente FOX of the National Action Party (PAN) - defeated the party in government, the Institutional Revolutionary Party (PRI). He was succeeded in 2006 by another PAN candidate Felipe CALDERON, but Enrique PENA NIETO regained the presidency for the PRI in 2012. Left-leaning anti-establishment politician and former mayor of Mexico City (2000-05) Andres Manuel LOPEZ OBRADOR, from the National Regeneration Movement (MORENA), became president in December 2018.

The global financial crisis in late 2008 caused a massive economic downturn in Mexico the following year. Growth rebounded to about 5% in 2010, but then averaged roughly half that for the rest of the decade. Notwithstanding this challenge, Mexico is currently the largest goods trading partner of the US – with $614.5 billion in two-way goods trade during 2019. US exports of goods and services to Mexico supported 1.2 million jobs in the US in 2015 (the latest data available) according to estimates from the Department of Commerce. Mexico's GDP contracted by 8.2% in 2020 due to pandemic-induced closures, its lowest level since the Great Depression, but Mexico’s economy rebounded in 2021 when it grew by 4.8%, driven largely by increased remittances, despite supply chain and pandemic-related challenges.

The US-Mexico-Canada Agreement (USMCA, or T-MEC by its Spanish acronym) entered into force on 1 July 2020 and replaced its predecessor, the North American Free Trade Agreement (NAFTA). Mexico amended its constitution on 1 May 2019 to facilitate the implementation of the labor components of USMCA.

Ongoing economic and social concerns include low real wages, high underemployment, inequitable income distribution, and few advancement opportunities for the largely indigenous population in the impoverished southern states. Since 2007, Mexico's powerful transnational criminal organizations have engaged in a struggle to control criminal markets, resulting in tens of thousands of drug-related homicides and forced disappearances.

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Definitions and Notes

NOTE: The information regarding Mexico on this page is re-published from the 2022 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Mexico 2022 information contained here. All suggestions for corrections of any errors about Mexico 2022 should be addressed to the CIA or the source cited on each page.