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Mexico Economy 2009
https://geographic.org/wfb2009/mexico/mexico_economy.html
SOURCE: 2009 CIA WORLD FACTBOOK

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Mexico Economy 2009
SOURCE: 2009 CIA WORLD FACTBOOK


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 one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has nearly tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 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 a pension and a fiscal reform. The administration continues to face many economic challenges including the need to upgrade infrastructure, modernize labor laws, and allow private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs.

GDP (purchasing power parity):
$1.559 trillion (2008 est.)
$1.538 trillion (2007)
$1.49 trillion (2006)
note: data are in 2008 US dollars

GDP (official exchange rate):
$1.143 trillion (2008 est.)

GDP - real growth rate:
1.4% (2008 est.)
3.2% (2007 est.)
4.9% (2006 est.)

GDP - per capita (PPP):
$14,200 (2008 est.)
$14,100 (2007 est.)
$13,900 (2006 est.)
note: data are in 2008 US dollars

GDP - composition by sector:
agriculture: 3.7%
industry: 34.1%
services: 62.2% (2008 est.)

Labor force:
45.5 million (2008 est.)

Labor force - by occupation:
agriculture: 15.1%
industry: 25.7%
services: 59% (2005)

Unemployment rate:
4.1% plus underemployment of perhaps 25% (October 2008)

Household income or consumption by percentage share:
lowest 10%: 1.2%
highest 10%: 37% (2006)

Distribution of family income - Gini index:
47.9 (2006)

Investment (gross fixed):
22.9% of GDP (2008 est.)

Budget:
revenues: $256.7 billion
expenditures: $256.8 billion (2008 est.)

Public debt:
20.3% of GDP (2008 est.)

Inflation rate (consumer prices):
6.2% (2008 est.)

Central bank discount rate:
NA

Commercial bank prime lending rate:
7.56% (31 December 2007)

Stock of money:
$103.5 billion (31 December 2007)

Stock of quasi money:
$168.4 billion (31 December 2007)

Stock of domestic credit:
$349.1 billion (31 December 2007)

Market value of publicly traded shares:
$397.7 billion (31 December 2007)

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% (2008 est.)

Electricity - production:
243.3 billion kWh (2007 est.)

Electricity - consumption:
202 billion kWh (2007 est.)

Electricity - exports:
1.278 billion kWh (2007 est.)

Electricity - imports:
484.2 million kWh (2007 est.)

Oil - production:
3.501 million bbl/day (2007 est.)

Oil - consumption:
2.119 million bbl/day (2007 est.)

Oil - exports:
2.204 million bbl/day (2005)

Oil - imports:
385,400 bbl/day (2005)

Oil - proved reserves:
11.65 billion bbl (1 January 2008 est.)

Natural gas - production:
55.98 billion cu m (2007 est.)

Natural gas - consumption:
68.29 billion cu m (2007 est.)

Natural gas - exports:
2.973 billion cu m (2007 est.)

Natural gas - imports:
11.69 billion cu m (2007 est.)

Natural gas - proved reserves:
392.2 billion cu m (1 January 2008 est.)

Current account balance:
-$13.45 billion (2008 est.)

Exports:
$294 billion f.o.b. (2008 est.)

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

Exports - partners:
US 82.2%, Canada 2.4%, Germany 1.5% (2007)

Imports:
$305.9 billion f.o.b. (2008 est.)

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 49.6%, China 10.5%, Japan 5.8%, South Korea 4.5% (2007)

Reserves of foreign exchange and gold:
$91.99 billion (31 December 2008 est.)

Debt - external:
$181.2 billion (31 December 2008 est.)

Stock of direct foreign investment - at home:
$278.9 billion (2008 est.)

Stock of direct foreign investment - abroad:
$43.01 billion (2008 est.)

Exchange rates:
Mexican pesos (MXN) per US dollar - 11.016 (2008 est.), 10.8 (2007), 10.899 (2006), 10.898 (2005), 11.286 (2004)


NOTE: The information regarding Mexico on this page is re-published from the 2009 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Mexico Economy 2009 information contained here. All suggestions for corrections of any errors about Mexico Economy 2009 should be addressed to the CIA.






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