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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.
Energy in Mexico describes energy, fuel, and electricity production, consumption and import in Mexico.. In 2008, Mexico produced 234 TWh of electricity, of which, 86 TWh was from thermal power stations, 39 TWh from hydropower, 18 TWh from coal, 9.8 TWh from nuclear power, 7 TWh from geothermal power and 0.255 TWh from wind power. [2]
The constitution of Mexico gives the state oil company, Pemex, exclusive rights over oil production, and the Mexican government treats Pemex as a major source of revenue. As a result, Pemex has insufficient capital to develop new and more expensive resources on its own, and cannot take on foreign partners to supply money and technology it lacks ...
In Mexico's colonial era (1521–1821), ranchers lost cattle to tar pits in the Gulf Coast Region, [11] so it was considered more of a hazard than a valuable resource. Exploratory wells were first drilled in Mexico in 1869 by U.S. entrepreneurs. [11]
Cañón del Sumidero, river Grijalva, in Chiapas. Mexico has a long and well-established tradition on water resources management (WRM) which started approximately in the 1930s when the country began investing heavily in water storage facilities and groundwater development to expand irrigation and supply water to the rapidly increasing population.
In 2023, mining in Mexico represented 2.4% of the nation's gross domestic product, and 8.2% of Mexico's industrial GDP.The mining sector employed 350,000 people in 2020, and generated US$1.5 billion in direct government tax revenue, and an additional US$1.84 billion of government revenue from exports of mined natural resources.
Northern Mexico had the greatest concentration of mineral resources as well as closest proximity to a major market for foodstuffs, the United States. [94] As the railroad system improved, and as the population grew in the western U.S., large-scale commercial agriculture became viable.
The following list creates a summary of the two major producers of different minerals (and coal, ... Mexico: List of countries by mercury production: Nickel [16]