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The economy of Mexico is a developing mixed-market economy. [21] It is the 13th 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 has a thriving, diverse economy with strong macroeconomic institutions and is open to trade and private investment. [1] With a population of over 130 million, Mexico is filled with citizens in the upper middle income bracket. Its economy is the 11th fastest growing in the world. [2]
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
Inflation declined to 4.66% by the end of 2023, but domestic interest rates remained high at 11.5%. High rates at home and abroad increased the cost of servicing Mexico’s debt, the Treasury Department acknowledged. Mexico’s peso remained strong Tuesday at about 17.20 to $1 and the Mexican stock exchange’s main index was trading slightly ...
Mexico's economy barely eked out a 0.1% increase in the fourth quarter, bringing estimated growth for 2023 to 3.1%, according to preliminary figures published Tuesday by Mexico’s National ...
Sentiment on the ground is exciting, but most investment flows are yet to be seen, Ramos told CNN. Analysts at Morgan Stanley see the value of Mexico’s exports to the United States growing from ...
Mexico could boost its annual economic activity by more than 25%, or $390.5 billion, if women participated in the labor force at the same rate as men, a report estimated on Tuesday. Key to ...
Mexico's economy in the second quarter declined the most since the Great Depression, despite partially recovering from the depths in June, as the coronavirus pandemic shuttered factories, kept ...