Mexico

Introduction Key Economic Facts Risk Assessment (Provided by Coface)

Mexico is a country located in North America with a North Income Level (by per capita Upper Middle Income Country rating: B - Political and economic uncertainties
Pacific Ocean, Gulf of Mexico, and Caribbean Sea GNI): and an occasionally difficult business environment can
coastline. Neighboring countries include Belize, United Level of Development: Developing
affect corporate payment behavior. Corporate default
States, and Guatemala. Mexico is crossed GDP, PPP (current international $2,409.66 billion (2017)
by two mountain ranges known as Sierra $): probability is appreciable.
Madre Oriental and Sierra Madre GDP growth (annual %): 2.04% (2017) Business Climate rating: A4 - The business environment
Occidental, which are the extension of the GDP per capita, PPP (current $18,655.92 (2017) is acceptable. Corporate financial information is sometimes
Rocky Mountains from northern North international $): neither readily available nor sufficiently reliable. Debt
America. The government system is a federal republic; the External debt stocks, total $455,058,089,428.40 (2017)
(DOD, current US$): collection is not always efficient and the institutional
chief of state and head of government is the president.
Mexico has a free market economy in which the prices of Manufacturing, value added (% 17.24% (2017) framework has shortcomings. Intercompany transactions
goods and services are of GDP): may thus run into appreciable difficulties in the acceptable
determined in a free price Current account balance (BoP, -$19.40 billion (2017) but occasionally unstable environments rated A4.
system. Mexico is a member of current US$):
Strengths
the Asia-Pacific Economic Inflation, consumer prices 6.04% (2017)
(annual %): • Geographic proximity to the North American economy
Cooperation (APEC), the North
American Free Trade Labor force, total: 58,929,596 (2018) • Membership of NAFTA, OECD, the G20, and the
Agreement (NAFTA), and the Unemployment, total (% of 3.32% (2018) Pacific Alliance
Trans-Pacific Partnership total labor force) (modeled ILO
estimate): • Substantial industrial base
(TPP).
Imports of goods and services $456.57 billion (2017) • Recent improvement in fiscal position
Location: Northern America (current US$): Weaknesses
Capital City: Mexico City (-6 GMT) Exports of goods and services $435.80 billion (2017) • High dependence on the United States economy;
(current US$):
Chief of State: President Andres Manuel Lopez vulnerable to changes in the NAFTA agreement
Obrador GDP Composition %
Agriculture Services Industry Manufacturing • Rising criminality rate
Head of Govt.: President Andres Manuel Lopez
Obrador • Infrastructure and education weaknesses
Currency: Mexican peso (MXN) 61 • Oil sector undermined by years of underinvestment
30 17
Major Languages: <p>Spanish only 92.7%, Spanish and 3
indigenous languages 5.7%, U.S. Embassy
indigenous only 0.8%, unspecified *Although Manufacturing is included in the Industry figures, it is also separately U.S. Embassy Mexico City
0.8%</p> reported because it plays a critical role in economy.
Rankings Paseo de la Reforma 305
Primary Religions: <p>Roman Catholic 82.7%,
Pentecostal 1.6%, Jehovah&#39;s Colonia Cuauhtemoc
Index Rank 06500 Mexico, D.F.
Witnesses 1.4%, other Evangelical
Churches 5%, other 1.9%, none 4.7%, Corruption Perceptions Index 135 / 178 Phone: ( 01-55 ) 5080-2000
unspecified 2.7%</p> EY Globalization Index 37 / 60
Calling Code: 52 Global Competitiveness Index 46 / 139 https://mx.usembassy.gov
Voltage: 127 Global Enabling Trade Index 51 / 136
Global Manufacturing Competitiveness Index 8 / 40
Key Websites (GMCI)
Main Government Page: edomex.gob.mx Global Services Location Index 13 / 55
Commerce Ministry: gob.mx Index of Economic Freedom 66 / 179
Export Promotion Agency: bancomext.com International Logistics Performance Index (LPI) 51 / 160
Investment Promotion gob.mx Inward FDI Potential Index 57 / 139
Agency: KOF Index of Globalization 70 / 185
Networked Readiness Index (NRI) 76 / 139
Open Budget Index 6 / 115

Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV