Economy of Mexico
Population: 126.19 M (2018)
GDP per Capita: 9,673 USD (2018)
1,221 B.

GDP USD

(2018)

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479,600 M.

EXPORTS USD

(2018)

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502,430 M.

IMPORTS USD

(2018)

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35.30 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.14 % (2018)
GDP of 2010 USD USD 1,312.80 B. (2018)
GDP Current USD USD 1,220.70 B. (2018)
GDP per Capita Current USD USD 9,673 (2018)
GDP per capita, PPP USD 18,134 (2018)
GDP per Capita, 2010 USD USD 10,404 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 11.67 % (2018)
Government Spending USD 142.40 B. (2018)
Government Debt % GDP 35.30 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 92.58 (2018)
Trade Openness 80.45 % (2018)
Exports of Goods and Services % GDP 39.29 % (2018)
Exports Goods & Services USD 479.60 B. (2018)
Exports Annual Growth 5.94 % (2018)
Imports as % GDP 41.16 % (2018)
Total Imports USD 502.43 B. (2018)
Foreign Direct Investment % GDP 3.07 % (2018)
Foreign Direct Investment USD 36.87 B. (2018)
Current Account Balance % GDP USD -1.80 % (2018)
Current Account Balance USD -22.00 B. (2018)
Trade Balance % GDP -1.87 % (2018)
Trade Balance USD -22.72 B. (2018)
Foreign Exchange Reserves incl Gold USD 176.39 B. (2018)
Remittances % GDP 2.91 % (2018)
Remittances USD 33,677 M. (2018)
Balance of Payments USD 230 M. (2007)

Labor Market

Indicator Value
Labor Force 57.56 M. (2019)
Unemployment Rate 3.38 % (2019)
Unemployment Rate Females 3.71 % (2019)
Unemployment Rate Males 3.25 % (2019)
Youth Unemployment (ages 15-24) 7.03 % (2019)
Labor Force Participation Rate 61.12 % (2019)
Labor Force (Percent Female) 37.77 % (2019)
Female Labor Force Participation Rate 43.90 % (2019)
Male Labor Force Participation Rate 78.81 % (2019)
Dependent People 51.01 % (2018)

Agriculture Sector

Indicator Value
Forest Area 33.90 % (2016)
Forest Area km² 659,484 km² (2016)
Agricultural Land 54.65 % (2016)
Agricultural Land km² 1,062,360 km² (2016)
Employment 12.87 % (2019)
Value added % GDP 3.39 % (2018)
Agriculture Value added USD 41.33 B. (2018)
Crop Production Index 134.70 (2016)
Precipitation 758 mm (2014)
Arable Land 12 % (2016)
Cereal Yield 3,800 kg/hectare (2017)
Food production index 127 (2016)
Rural Population 20 % (2018)
Fertilizer use of Arable Land 114 kg/hectare (2016)
Livestock Production Index 116 (2016)
Economy of Mexico

According to the World Bank and its latest published data, the economy of the Mexico presents a growth rate of 2.14 % (2018) to the previous year.

With a population that reaches 126.19 M (2018) and a gross domestic product of USD 1,220.70 B. (2018), it translates a Gross Domestic Product per Capita of USD 9,673 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Mexico also has a workforce of 57.56 M. (2019) with an unemployment rate of 3.38 % (2019), where women represent 3.71 % (2019) and men 3.25 % (2019), the unemployment rate for young people between 15-24 years old stood at 7.03 % (2019). The total number of dependent people stands at 51.01 % (2018).

The central government spent 11.67 % (2018) of its gross domestic product that year, which in absolute terms is USD 142.40 B. (2018). Its consolidated public debt reached 35.30 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Mexico exported USD 479.60 B. (2018), which represents 39.29 % (2018) of its gross domestic product, in that same sense its imports reached USD 502.43 B. (2018) with a direct foreign investment of USD 36.87 B. (2018).

Mexico has a forest area of 659,484 km² (2016), which represents 33.90 % (2016) of its total area, an average rainfall of 758 mm (2014) per year and a population of 20 % (2018) living in rural areas. With a total area of 1,062,360 km² (2016) available for agriculture and 12.87 % (2019) of its employments, the agricultural sector contributes to the economy of the Mexico about USD 41.33 B. (2018) (3.39 % (2018) of its GDP).