Mexico/

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 roughly one-third that of the US; income distribution remains highly unequal. Since the implementation of the North American Free Trade Agreement (NAFTA) in 1994, Mexico’s share of US imports has increased from 7% to 12%, and its share of Canadian imports has doubled to 5%. Mexico has free trade agreements with over 50 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 pension and fiscal reforms. The administration passed an energy reform measure in 2008, and another fiscal reform in 2009. Mexico’s GDP plunged 6.5% in 2009 as world demand for exports dropped and asset prices tumbled, but GDP posted positive growth of 5% in 2010, with export growth leading the way. The administration continues to face many economic challenges, including improving the public education system, upgrading infrastructure, modernizing labor laws, and fostering private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs.

$1.56 trillion (2010 est.)

$1.485 trillion (2009 est.)

$1.589 trillion (2008 est.)

$1.004 trillion (2010 est.)

5% (2010 est.)

-6.5% (2009 est.)

1.5% (2008 est.)

$13,800 (2010 est.)

$13,400 (2009 est.)

$14,400 (2008 est.)

46.99 million (2010 est.)

5.6% (2010 est.)

5.5% (2009 est.)

18.2% using food-based definition of poverty; asset based poverty amounted to more than 47% (2008)

48.2 (2008)

53.1 (1998)

21.1% of GDP (2010 est.)

41.5% of GDP (2010 est.)

39.1% of GDP (2009 est.)

4.1% (2010 est.)

3.6% (2009)

NA%

7.07% (31 December 2009 est.)

8.71% (31 December 2008 est.)

$135.7 billion (31 December 2010 est)

$119.5 billion (31 December 2009 est)

$583.8 billion (31 December 2010 est.)

$493 billion (31 December 2009 est.)

$342.4 billion (31 December 2010 est.)

$288.5 billion (31 December 2009 est.)

$340.6 billion (31 December 2009)

$232.6 billion (31 December 2008)

$397.7 billion (31 December 2007)

corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes; beef, poultry, dairy products; wood products

food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism

6% (2010 est.)

245 billion kWh (2008 est.)

181.5 billion kWh (2009 est.)

1.288 billion kWh (2008 est.)

584 million kWh (2008 est.)

3.001 million bbl/day (2009 est.)

2.078 million bbl/day (2009 est.)

1.225 million bbl/day (2009 est.)

521,100 bbl/day (2008 est.)

12.42 billion bbl (1 January 2010 est.)

60.35 billion cu m (2009 est.)

59.8 billion cu m (2009 est.)

688 million cu m (2009 est.)

11.84 billion cu m (2009 est.)

359.7 billion cu m (1 January 2010 est.)

-$7 billion (2010 est.)

-$6.23 billion (2009 est.)

$303 billion (2010 est.)

$229.8 billion (2009 est.)

manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton

US 80.5%, Canada 3.6%, Germany 1.4% (2009)

$306 billion (2010 est.)

$234.4 billion (2009 est.)

metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts

US 48%, China 13.5%, Japan 4.8% (2009)

$116.4 billion (31 December 2010 est.)

$99.86 billion (31 December 2009 est.)

$212.5 billion (31 December 2010 est.)

$204.5 billion (31 December 2009 est.)

$328.4 billion (31 December 2010 est.)

$308.4 billion (31 December 2009 est.)

$62.93 billion (31 December 2010 est.)

$53.46 billion (31 December 2009 est.)

Mexican pesos (MXN) per US dollar - 12.687 (2010), 13.514 (2009), 11.016 (2008), 10.8 (2007), 10.899 (2006)