![]() ![]() Mexico ranked 2nd largest economy in Latin America, after Brazil with a total of $1,268,870 billion GDP. Lastly, the FTA of Mexico with CPTPP shares 12.9% ($11,262) of the overall world’s GDP. Meanwhile, USMCA has a GDP of $24,440 which comprises of 28% of world’s GDP. On the other hand, Mexico’s FTA with European Union (EU) shared 22.9% ($19,974) of world’s GDP. Mexico’s FTA with Pacific alliance comprise 41% ($2,707) of Latin American and Caribbean GDP. Mexico has access to 50 countries through its mutually Free Trade Agreements (FTA). Mexico is considered to be one of the most open economies in the world, with limited restriction to trade. Source: Ministry of Economy, INEGI, BANXICO, FMI, Global Trade Atlas, World Bank, UNCTAD This section is designed to showcase the different information regarding Mexico’s growing economy through statistics and data provided by different government agencies of Mexico.Įconomic Situation in the States of Mexico Ideally, the economy of Mexico will continue to prosper for the following years. ![]() Mexico is becoming a fundamentally middle-class country with 50 percent of its population as middle class, and 30 percent being in the upper class. As an emerging global player in the economy, Mexico has a Foreign Direct Investment of $29.3 billion placing 19th in the World Export Ranking. It has a Gross Domestic Product (GDP) of $1,269 billion, with a nominal GDP of $9,946. Mexico is considered as the 15th largest economy in the world, while leading exporter in the Latin America. For example, Mexico’s economic development strategy includes the strengthening of consumption in effect to social programs and greater financial inclusion, promoting private investment in strategic sectors, increasing public investment, increasing trading relations with other countries for the reconstruction of global value chain. The strength of Mexico in terms of its economy underlies in the responsible economic, financial, and commercial policies, which aims to strengthen the domestic market. The Mexican economy has been growing at an average rate of 2.1 percent during the last 10 years despite the recent complicated international environment.
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