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Mexico Economics


The economy of Mexico is the 13th largest in the world in nominal terms; and the 11th by purchasing power parity, according to the World Bank. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. Mexico was not significantly influenced by the recent 2002 South American crisis, and maintained positive, although low, rates of growth after a brief period of stagnation in 2001. However, Mexico was one of the Latin American nations most affected by the 2008 recession with its Gross Domestic Product contracting by more than 6%. Moody's (in March 2000) and Fitch IBCA (in January 2002) issued investment-grade ratings for Mexico's sovereign debt. In spite of its unprecedented macroeconomic stability, which has reduced inflation and interest rates to record lows and has increased per capita income, enormous gaps remain between the urban and the rural population, the northern and southern states, and the rich and the poor.

670px-Mexican_Economy.png
pictures of things that contribute to the economy, created by Dabackgammonato onhttp://en.wikipedia.org/wiki/File:Mexican_Economy.png



Going clockwise and starting from the upper left image: Very likely port of Veracruz, Puerta de Hierro in Guadalajara Business District, Mastretta MXT automovile by Mexican automaker Mastretta, Pemex Oil platform in the Gulf of Mexico, Ancient city of Tulum, Crops, City of Monterrey
Rank
13th (nominal) / 11th (PPP)
Currency
Mexican peso (MXN, $)
Fiscal year
calendar
Trade organisations
APEC, CARICOM, NAFTA, OECD and WTO
Statistics
GDP
$1.085 trillion (nominal; 2009)[1]
$1.465 trillion (PPP; 2009)[2]
GDP growth
5.3%[3] (2010)
GDP per capita
$9,100 (2009) (nominal)[4]
$14,337 (2009) (PPP)
GDP by sector
agriculture: 4%, industry: 26.6%, services: 69.5% (2007 est.)
Inflation (CPI)
3.6%
Population
below poverty line
18.2% using food-based definition of poverty; asset based poverty was approximately 47% (2008)[5]
Labour force
44.71 million (2007 est.)
Labour force
by occupation
agriculture: 18%, industry: 24%, services: 58% (2003)
Unemployment
6.2% plus considerable underemployment(26%) (2009)[5]
Ease of Doing Business Rank
35th[6]
External
Exports
$223.5 billion f.o.b. (2009 est.)[5]
Export goods
Manufactured goods, electronics, oil and oil products, aircraft, silver, computers and servers, fruits, meats, consumer electronics, processed foods, vegetables, ships, coffee, LCD screens, electricity, biotechnology, cotton, rolling stoc, automotive and aircraft enigines, cellular phones, metals, industrial equipment, granite and marble, lithium, batteries

Main export partners
US 76.5%, Canada 6%, Germany 1.7% (2008)
Imports
$234.6 billion f.o.b. (2009 est.)[5]
Import goods
steel mill products, agricultural machinery, electrical equipment, repair parts for motor vehicles and aircraft parts
Main import partners
United States 56.7%,
China 9.35%,
South Korea 5.21%,
Japan 4.1% (2009)
Public finances
Public debt
$272 billion (December 2009)[7]
Revenues
$206.5 billion (2009)[7]
Expenses
$226.6 billion (2009)[7]
Economic aid
$189.4 million (2008)
**Main data source: CIA World Fact Book**
All values, unless otherwise stated, are in US dollars
money.jpg
GDP per capita PPP
US $14,900 (2008)
GNI per capita PPP
US $11,990 (2006)
Inflation (CPI)
3% (2007)
Gini index
44.5
Unemployment
3.7% (2007)
HDI
increase
increase
0.854
Labor force
45.38 million (2007)
Pop. in poverty
13.8%

[ http://en.wikipedia.org/wiki/Economy_of_Mexico