Overview Mexico’s economy has both state-of-the-art and obsolete elements in all sectors. In recent years, ports, railways, telecommunications, electricity and gas supply have been privatized, and Mexico’s second-largest bank (Banamex) has also been part of Citigroup since 2001. Since the Free Trade Agreement with the USA and Canada came into effect, the volume of trade […]
| Overview | Mexico’s economy has both state-of-the-art and obsolete elements in all sectors. In recent years, ports, railways, telecommunications, electricity and gas supply have been privatized, and Mexico’s second-largest bank (Banamex) has also been part of Citigroup since 2001. Since the Free Trade Agreement with the USA and Canada came into effect, the volume of trade with both countries has tripled. The economic growth of the first free trade years was followed by years of stagnation, depending on developments in the USA. Income distribution remains highly uneven. |
| Population below the poverty line |
47 % (2014, source: CIA World Factbook) |
| per capita income | 19.900 USD (nach Kaufkraft-Parität, 2017) |
| distribution of income | In 2014, the poorest 10% of the population accounted for only 2 % of total consumption in the country, while the richest 10% accounted for 40 % of total consumption. |
| inflation rate | 6 % (2017, estimated, source: CIA World Factbook) |
| unemployment rate | 3,4 % (2017, source: IWF) |
| gross domestic product (GDP) |
1,142 Billions USD (2017), source: IWF |
| GDP by sector | services 62.4% agriculture 3.5% industry 34.1% (2017, estimated) |