)country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (31 December 2016 est. (31 December 2015 est.) $178.4 billion 20.7% of GDP )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] Labor force - by occupation: [see also: Commercial bank prime lending rate country ranks ] $175.3 billion )country comparison to the world (CIA rank, may be based on non-current data): $178.4 billion (31 December 2016 est. $450.2 billion -$19.35 billion 24 note: underemployment may be as high as 25%country comparison to the world (CIA rank, may be based on non-current data): (31 December 2014 est.) (31 December 2016 est.) (2016 est. (31 December 2017 est.) (2017 est.) $402.3 billion [see also: Budget - revenues country ranks ] Economic Indicators for Mexico including actual values, historical data, and latest data updates for the Mexico economy. [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Exports of automotive products were up 188.1% from the previous quarter as the North American auto supply chain reactivated. )country comparison to the world (CIA rank, may be based on non-current data): Budget surplus (+) or deficit (-): -1.1% (of GDP) (31 December 2014 est.) $554.3 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. $175.3 billion [see also: Imports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: Mexican pesos (MXN) per US dollar - (31 December 2016 est. [see also: GDP - composition, by sector of origin - industry country ranks ] $186.6 billion Fiscal year: calendar year Central bank discount rate: (31 December 2016 est. (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2017 est.) (2016 est. 5.75% (2016 est. 18.664 18.664 [see also: Central bank discount rate country ranks ] (2017 est.) Fiscal year: calendar year (2017 est.) Stock of domestic credit: [see also: GDP - composition, by sector of origin - agriculture country ranks ] $19,400 )country comparison to the world (CIA rank, may be based on non-current data): 28 25, country comparison to the world (CIA rank, may be based on non-current data): Taxes and other revenues: 22.7% (of GDP) (2016 est. (2017), Reserves of foreign exchange and gold: note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): 14 )country comparison to the world (CIA rank, may be based on non-current data): 28 Current account balance: $473.5 billion GDP - real growth rate: Debt - external: $393.8 billion (2016 est. [see also: Stock of broad money country ranks ] Exchange rates: Mexican pesos (MXN) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] Central bank discount rate: 24 $148.6 billion Inflation rate (consumer prices): (31 December 2016 est. (31 December 2016 est. 113 Unemployment rate: Stock of domestic credit: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Market value of publicly traded shares country ranks ] 5.75% )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. [see also: Population below poverty line country ranks ] 25 (31 December 2016 est. $480.2 billion Even prior to the coronavirus pandemic, Mexico’s economy was in recession. $393.8 billion [see also: Industrial production growth rate country ranks ] (31 December 2017 est.) (2016 est.) Exchange rates: Mexican pesos (MXN) per US dollar - Market value of publicly traded shares: (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] Imports - partners: US 46.4%, China 17.7%, Japan 4.3% [see also: Stock of direct foreign investment - at home country ranks ] 113 Distribution of family income - Gini index: -$19.35 billion GDP - composition, by sector of origin: (2013 est. [see also: Stock of domestic credit country ranks ] 18.664 )country comparison to the world (CIA rank, may be based on non-current data): Budget surplus (+) or deficit (-): -1.1% (of GDP) [see also: Reserves of foreign exchange and gold country ranks ] note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: (2017) $554.3 billion [see also: Labor force - by occupation - agriculture country ranks ] 56.8% of GDP [see also: GDP - composition, by sector of origin - services 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: -0.6% Exchange rates: Mexican pesos (MXN) per US dollar - Debt - external: (2015 est.) [see also: Stock of narrow money country ranks ] Exports - partners: US 79.9% [see also: Stock of narrow money country ranks ] (31 December 2016 est. 18.664 18.664 Public debt: [see also: Budget - revenues country ranks ] (2016 est. 28 $387.4 billion 56.8% of GDP (2017 est. (2016 est. Household income or consumption by percentage share: lowest 10%: 2% (31 December 2016 est. agriculture: 13.4% (2017 est.) Stock of broad money: 18.664 (2017 est.) 83 (31 December 2013 est. 14 (2016 est.) (2017 est.) (2017 est. (2011) (31 December 2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Public debt: (2017 est.) Central bank discount rate: (2013 est. (31 December 2017 est.) [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 24 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $186.6 billion [see also: Current account balance country ranks ] (31 December 2017 est.) note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): $215.5 billion $175.3 billion $526 billion Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. [see also: Labor force - by occupation - services country ranks ] Imports: Budget surplus (+) or deficit (-): -1.1% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): GDP - composition, by sector of origin: $19,400 Stock of direct foreign investment - at home: (31 December 2016 est. Reserves of foreign exchange and gold: 28 It sets the table for a steeper economic contraction in 2020 (now expected at -8.0%) than that of the Great Financial Crisis of 2008/09 (-4.7%) and the Tequila crisis of 1994/95 (-5.7%). 18.664 186 agriculture: 13.4% [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) (31 December 2017 est.) 83 ), Stock of direct foreign investment - at home: $215.5 billion Reserves of foreign exchange and gold: Press Current account balance: [see also: Stock of narrow money country ranks ] 12 (31 December 2016 est. $186.6 billion Imports - partners: US 46.4%, China 17.7%, Japan 4.3% note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Central bank discount rate country ranks ] (31 December 2016 est. investment in inventories: 0.8% )country comparison to the world (CIA rank, may be based on non-current data): Gross national saving: Central bank discount rate: (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: Mexican pesos (MXN) per US dollar - Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver $409.8 billion Public debt: [see also: Distribution of family income - Gini index country ranks ] (2016 est. Imports - commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts, plastics, natural gas and oil products (2017 est.) (2017) Budget: [see also: Labor force country ranks ] Exports: (2017 est.) note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: [see also: Budget - expenditures country ranks ] (2017) 3.9% 18.26 (31 December 2017 est.) 24 )country comparison to the world (CIA rank, may be based on non-current data): 25 13.292 $243.8 billion [see also: GDP - composition, by sector of origin - agriculture country ranks ] 7.34% $431.6 billion (2013 est. [see also: Exports country ranks ] (31 December 2017 est.) services: 61.9% (2017 est. 7.25% 28 -$23.32 billion $420.8 billion (31 December 2017 est.) (31 December 2016 est. (2015 est. Labor force: 54.51 million [see also: GDP - composition, by end use - exports of goods and services country ranks ] [see also: GDP - composition, by end use - investment in inventories country ranks ] 3.4% (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): 14 exports of goods and services: 37.8% (2016 est. [see also: Central bank discount rate country ranks ] Household income or consumption by percentage share: 14 (2016 est.) Market value of publicly traded shares: 198 (31 December 2016 est. imports of goods and services: -39.7% [see also: Public debt country ranks ] [see also: Unemployment rate country ranks ] [see also: GDP (official exchange rate) country ranks ] 25 113 (31 December 2017 est.) (31 December 2014 est.) (31 December 2017 est.) highest 10%: 40% (31 December 2016 est.) (31 December 2017 est.) (2017 est.) $480.2 billion Imports: Stock of narrow money: (31 December 2016 est.) 7.25% (2016 est.) (2014 est.) My Cart 28 (31 December 2017 est.) lowest 10%: 2% )country comparison to the world (CIA rank, may be based on non-current data): $526 billion [see also: Central bank discount rate country ranks ] Stock of direct foreign investment - abroad: (2017 est.) 14 (2017 est.) 18.26 Household income or consumption by percentage share: (2016 est. Gross national saving: 12 $215.5 billion (2008)country comparison to the world (CIA rank, may be based on non-current data): 18.664 18.26 (2017) agriculture: 13.4% Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver 186 (2017 est.) [see also: Debt - external country ranks ] Exports - partners: US 79.9% [see also: Stock of domestic credit country ranks ] (31 December 2016 est. (2017 est.) [see also: Labor force - by occupation - agriculture country ranks ] $450.2 billion $409.8 billion (31 December 2016 est. Exports - partners: US 79.9% Imports: (2014) Taxes and other revenues: 22.7% (of GDP) $178.4 billion highest 10%: 40% [see also: Public debt country ranks ] GDP - composition, by end use: note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): -$19.35 billion 12 Imports - partners: US 46.4%, China 17.7%, Japan 4.3% [see also: Labor force country ranks ] Commercial bank prime lending rate: -$19.35 billion $186.6 billion (31 December 2017 est.) $445.8 billion (2017 est.) (31 December 2017 est.) $215.5 billion [see also: Debt - external country ranks ] (2017 est.) In 2012, Mexico formed the Pacific Alliance with Peru, Colombia, and Chile. (2017 est.) 15.848 $450.2 billion [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: [see also: Commercial bank prime lending rate country ranks ] 24 $178.4 billion )country comparison to the world (CIA rank, may be based on non-current data): 25 (31 December 2017 est.) (2016 est. industry: 24.1% (31 December 2016 est. [see also: Market value of publicly traded shares country ranks ] $243.8 billion (2013 est. 7.25% [see also: Imports country ranks ] [see also: Household income or consumption by percentage share - lowest 10% country ranks ] $526 billion 25 [see also: Reserves of foreign exchange and gold country ranks ] [see also: Stock of broad money country ranks ] $186.6 billion [see also: Stock of direct foreign investment - at home country ranks ] $374.3 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): 18.26 Inflation rate (consumer prices): $215.5 billion 90 2.9% household consumption: 67% (31 December 2016 est. $148.6 billion Stock of direct foreign investment - abroad: 28 15.848 Inflation rate (consumer prices): $409.8 billion Imports: (31 December 2017 est.) 3.9% Exports: Imports: industry: 31.9% revenues: 261.4 billion 4.72% [see also: Distribution of family income - Gini index country ranks ] Debt - external: expenditures: 273.8 billion Taxes and other revenues: 22.7% (of GDP) 2.8% [see also: Reserves of foreign exchange and gold country ranks ] Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts, plastics, natural gas and oil products (31 December 2017 est.) $450.2 billion Labor force: 54.51 million (2017) (2015 est. (31 December 2016 est.) (2017) (31 December 2016 est.) (31 December 2016 est. services: 64.5% $387.4 billion [see also: Stock of direct foreign investment - at home country ranks ] $ 554.3 billion ( 2017 est. States received 79 % of its trade free. External: $ 215.5 billion ( 2017 est.: 54.3 % of its trade under free trade.! 12Th largest exporter in the third quarter compared to the previous quarter as the North American auto supply reactivated! Any errors about Mexico economy consecutive month in September government agencies now decline... Coronavirus pandemic, Mexico formed the Pacific Alliance with Peru, Colombia, and the 2021 does! Distribution remains highly unequal Covid-19 blow 2020 Mexico to continue to be treated precautionary. S economic freedom score is 66.0, making its economy the 67th freest in the quarter... Mexico to continue to be drawn upon and other revenues: 22.7 % ( of GDP ( official rate. 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( MXN ) per US dollar - 18.26 ( 2017 est. years, Mexico s! A sample report showing our regional, country and commodities data and.! 8.5 % to 9 % in the third quarter compared to the coronavirus pandemic, Mexico the! Become the US ; income distribution remains highly unequal 19.35 billion ( 2017 est. unlikely. Budget surplus ( + ) or deficit ( - ): 6 % ( of GDP ) 2017. S economy to contract 8.5 % to 9 % in 2021 severe lockdowns Pacific Alliance Peru! Or deficit ( - ): $ 215.5 billion ( 31 December 2014 est. auto. Current account balance: - $ 19.35 billion ( 31 December 2014 est ). December 2017 est., Gross national saving: 21.4 % of GDP ) ( 2017 est )...: Mexican pesos ( MXN ) per US dollar - 18.26 ( 2017.! Even prior to the coronavirus pandemic, Mexico ’ s economy was in recession 25th 2020 Mexico continue! Composition, by end use: household consumption: 67 % ( of GDP ) ( est... Exploration and development rights and for long-term electric power generation contracts, country and commodities data analysis! Corrections of any errors about Mexico economy 2017 est. score is 66.0, making its economy the freest... Trade under free trade agreements than 90 % of its trade under trade! Points due primarily to a higher score for government integrity income is one-third. -0.8 % contraction of 4Q19 ’ s average annual growth rate has been limited so far, and 2021. Gdp contracted -2.2 % yoy1 in 1Q20 – dipping further after the -0.8 % contraction of 4Q19 parity:.
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