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The economy of Mexico is a developing mixed-market economy. [21] It is the 12th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. [ 4 ] Since the 1994 crisis , administrations have improved the country's macroeconomic fundamentals .
Mexico City[ c ] is the capital and largest city of Mexico, and the most populous city in North America. [ 14 ][ 15 ] Mexico City is one of the most important cultural and financial centers in the world. [ 16 ] It is located in the Valley of Mexico within the high Mexican central plateau, at an altitude of 2,240 meters (7,350 ft).
List of Mexican states by GDP. 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)
The U.S. and Mexico are each other's largest trade partners, and Mexico is Latin America's No. 2 economy. Sheinbaum took office earlier this week for a six-year term, while the United States will ...
Mexico's economy expanded between July and September, the fourth consecutive quarter of growth, boosted mainly by the primary sector, a preliminary estimate from the national statistics agency ...
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
Diego Rivera Mural of exploitation of Mexico by Spanish conquistadors, Palacio Nacional, Mexico City (1929–1945). Mexico's economy in the colonial period was based on resource extraction (mainly silver), on agriculture and ranching, and on trade, with manufacturing playing a minor role.
Mexico City is still the cultural, economic, and industrial center for the nation. With a metropolitan-area population approaching 20 million, roughly equivalent to the entire state of Texas, it is a magnet of growth. People in large numbers still migrate from rural areas to the city in search of work and the other economic.