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USD/MXN exchange rate. Mexican peso crisis in 1994 was an unpegging and devaluation of the peso and happened the same year NAFTA was ratified. [2]The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico.
State land (km 2) land (sq mi) % of total 1 Chihuahua: 247,412.6 95,526.5: 12.62% 2 ... List of states of Mexico; Mexico; Ranked list of Mexican states; References
The following list shows the GDP (nominal) of Mexico's 32 states as of 2022, ranked in order. Overall, in the calendar year 2022, the Nominal GDP of Mexico at Current Prices totaled at US$1.42 trillion, as compared to US$1.27 trillion in 2021. Mexican states by GDP (2022)
Mexican States by GDP (PPP) per capita - 2018 Rank State PPP per capita (MXN) PPP per capita (USD) 1 Campeche 613,639 67,233 2 Mexico City 437,405 47,924 3 Nuevo León
The states are the first-level administrative divisions of Mexico and are officially named the United Mexican States. There are 32 federal entities in Mexico (31 states and the capital, Mexico City , as a separate entity that is not formally a state).
Mexico is the fourteenth-largest oil producer in the world, with 1,710,303 barrels per day (271,916.4 m 3 /d). [200] Pemex, the state-owned company in charge of administering research, exploration and sales of oil, is the largest company in Mexico, and the second largest in Latin America after Brazil's Petrobras. [201]
A commonly used currency in the Americas is the United States dollar. [1] It is the world's largest reserve currency, [2] the resulting economic value of which benefits the U.S. at over $100 billion annually. [3] However, its position as a reserve currency damages American exporters because this increases the value of the United States dollar.
The United Mexican States (Spanish: Estados Unidos Mexicanos) is a federal republic composed of 32 federal entities: 31 states [1] and Mexico City, an autonomous entity. According to the Constitution of 1917 , the states of the federation are free and sovereign in all matters concerning their internal affairs. [ 2 ]