mexico economy 2020

Inflation rate (consumer prices): (31 December 2013 est. [see also: GDP - composition, by sector of origin - services country ranks ] The coronavirus-induced economic crisis will hit Mexico harder than any other country in Latin America, ... By the end of 2020, Mexico’s currency will have two bills in circulation featuring women. (2016 est. [see also: Stock of direct foreign investment - at home country ranks ] Debt - external: [see also: Unemployment rate country ranks ] [see also: Stock of domestic credit country ranks ] 13.292 [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (2014) Debt - external: $215.5 billion $148.6 billion [see also: Household income or consumption by percentage share - highest 10% country ranks ] $526 billion (2014 est.) [see also: Current account balance country ranks ] (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): industry: 24.1% 42 56.8% of GDP $215.5 billion 44 113 (2017 est.) GDP - per capita: [see also: Budget surplus (+) or deficit (-) country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017) (31 December 2017 est.) (31 December 2016 est. ), Stock of direct foreign investment - at home: $175.3 billion Imports - partners: US 46.4%, China 17.7%, Japan 4.3% $175.3 billion 113, country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 14 Debt - external: 25 $402.3 billion Stock of broad money: 24 12 $431.6 billion $473.5 billion 12 ), Debt - external: [see also: Stock of narrow money country ranks ] [see also: Budget surplus (+) or deficit (-) country ranks ] Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver Imports: 25 Current account balance: [see also: Reserves of foreign exchange and gold country ranks ] 15.848 )country comparison to the world (CIA rank, may be based on non-current data): Current account balance: Mexico’s economy remains vulnerable to uncertainty surrounding the future of NAFTA — because the United States is its top trading partner and the two countries share integrated supply chains — and to potential shifts in domestic policies following the inauguration of a new a president in December 2018. 18.664 [see also: Exports country ranks ] 198 [see also: Budget - expenditures country ranks ] (31 December 2016 est. [see also: Commercial bank prime lending rate country ranks ] $402.3 billion Debt - external: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Budget: $243.8 billion Stock of direct foreign investment - at home: [see also: Inflation rate (consumer prices) country ranks ] (31 December 2016 est. 15.848 Reserves of foreign exchange and gold: This page has economic forecasts for Mexico including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mexico economy. 14 (2017 est. 25 Imports - partners: US 46.4%, China 17.7%, Japan 4.3% (2016 est. (31 December 2013 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 18.26 18.664 Labor force - by occupation: (2017 est.) 28 government consumption: 11.8% (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Distribution of family income - Gini index: Gross national saving: Debt - external: $526 billion [see also: Stock of direct foreign investment - abroad country ranks ] $450.2 billion (31 December 2016 est. (31 December 2014 est.) $186.6 billion (2015 est.) 7.34% note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: $480.2 billion )country comparison to the world (CIA rank, may be based on non-current data): 13.292 )country comparison to the world (CIA rank, may be based on non-current data): (2008)country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] Imports - partners: US 46.4%, China 17.7%, Japan 4.3% (2016 est.) (2017 est.) 28 (2017 est.) Imports - commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts, plastics, natural gas and oil products 14 $450.2 billion 2.8% [see also: GDP - composition, by sector of origin - industry country ranks ] [see also: Stock of broad money country ranks ] (2015 est.) Imports: Stock of broad money: [see also: Exports country ranks ] (31 December 2017 est.) (31 December 2016 est. [see also: Debt - external country ranks ] [see also: Population below poverty line country ranks ] note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $409.8 billion (2017) Stock of narrow money: 25 (2016 est.) (2017 est. 18.664 (2017 est.) investment in fixed capital: 22.3% 113 note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017 est. Stock of direct foreign investment - abroad: $409.8 billion 14 18.26 $186.6 billion (2015 est.) [see also: Household income or consumption by percentage share - highest 10% country ranks ] (31 December 2016 est. (2016 est. (31 December 2016 est. GDP - composition, by sector of origin: Mexico, Latin American’s second-biggest economy, will experience a 6% contraction this year, following a 0.1% decline in 2019. (2017 est.) 24 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] Imports - commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts, plastics, natural gas and oil products 174 [see also: Exports country ranks ] $393.8 billion )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: (31 December 2016 est. revenues: 261.4 billion (31 December 2017) $387.4 billion 4.72% (31 December 2017 est.) (2016 est. 56.8% of GDP $243.8 billion Exports - partners: US 79.9% 24 Exchange rates: Mexican pesos (MXN) per US dollar - $431.6 billion 174 Imports - commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts, plastics, natural gas and oil products (31 December 2017 est.) (31 December 2017) Mexico’s exports were up 50.2% in the third quarter compared to the previous one. household consumption: 67% (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $526 billion 3.9% )country comparison to the world (CIA rank, may be based on non-current data): 85 54.3% of GDP Current account balance: (2017 est.) (31 December 2016 est. 28 )country comparison to the world (CIA rank, may be based on non-current data): $243.8 billion [see also: GDP - composition, by end use - investment in inventories country ranks ] (31 December 2015 est.) [see also: GDP - real growth rate country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by sector of origin - agriculture country ranks ] Fiscal year: calendar year $243.8 billion [see also: GDP - composition, by end use - exports of goods and services country ranks ] [see also: GDP - composition, by sector of origin - industry country ranks ] (2017) (2017 est. 6% [see also: Imports country ranks ] (2017 est. (2016 est. 7.34% )country comparison to the world (CIA rank, may be based on non-current data): 18.664 )country comparison to the world (CIA rank, may be based on non-current data): Imports: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $393.8 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) 2.8% (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): $186.6 billion (31 December 2017 est.) Central bank discount rate: [see also: Population below poverty line country ranks ] $186.6 billion 18.664 More. (2016 est. $554.3 billion $175.3 billion 24 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: (31 December 2017 est.) 18.664 $393.8 billion household consumption: 67% (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] -$23.32 billion )country comparison to the world (CIA rank, may be based on non-current data): 15.848 (2017 est.) $473.5 billion 12 Exports - partners: US 79.9% (2017 est.) (2017 est.) Unemployment rate: (31 December 2017 est.) expenditures: 273.8 billion (2017 est.) $450.2 billion (31 December 2016 est. 13.292 Inflation rate (consumer prices): (2016 est. 48.3 (31 December 2017 est.) GDP - composition, by end use: $409.8 billion Thursday, 3 September, 2020. $186.6 billion [see also: GDP - composition, by end use - exports of goods and services country ranks ] [see also: Budget - revenues country ranks ] 2.8% )country comparison to the world (CIA rank, may be based on non-current data): 24 24 24 48.2 113 Central bank discount rate: 198 $431.6 billion (2017) [see also: Labor force - by occupation - agriculture country ranks ] Mexico's $2.4 trillion economy – 11th largest in the world - has become increasingly oriented toward manufacturing since the North American Free Trade Agreement (NAFTA) entered into force in 1994. $450.2 billion 16 (31 December 2015 est.) Current account balance: (31 December 2015 est.) (2014) (31 December 2016 est. 5.75% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): note: underemployment may be as high as 25%country comparison to the world (CIA rank, may be based on non-current data): 18.26 $215.5 billion 82 Exchange rates: Mexican pesos (MXN) per US dollar - Current account balance: (2016 est.) 25 $526 billion (31 December 2016 est.) 6% $243.8 billion 7.34% (2017) Imports - commodities: metalworking machines, steel mill products, agricultural machinery, electrical equipment, automobile parts for assembly and repair, aircraft, aircraft parts, plastics, natural gas and oil products 7.34% 18.664 Even prior to the coronavirus pandemic, Mexico’s economy was in recession. [see also: Reserves of foreign exchange and gold country ranks ] 3.4% 24 Stock of domestic credit: [see also: GDP - composition, by sector of origin - services country ranks ] Taxes and other revenues: 22.7% (of GDP) Exports - partners: US 79.9% (31 December 2016 est. 28 20.7% of GDP Exports: (31 December 2017 est.) (2017) (31 December 2016 est.) (31 December 2017 est.) services: 61.9% [see also: Labor force country ranks ] (31 December 2015 est.) $243.8 billion [see also: GDP - composition, by sector of origin - services country ranks ] [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 14 Exchange rates: Mexican pesos (MXN) per US dollar - [see also: Labor force country ranks ] Stock of direct foreign investment - at home: (2017 est.) (31 December 2016 est. 7.25% [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 28 (2014 est.) (2008)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est. 14 (31 December 2016 est.) note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): industry: 24.1% )country comparison to the world (CIA rank, may be based on non-current data): $402.3 billion (31 December 2016 est. [see also: Stock of domestic credit country ranks ] (2015 est.) [see also: GDP - composition, by end use - government consumption country ranks ] [see also: Distribution of family income - Gini index country ranks ] Debt - external: Stock of direct foreign investment - at home: 18.664 (2013 est. 12 Inflation rate (consumer prices): 54.3% of GDP Imports: Stock of narrow money: Budget surplus (+) or deficit (-): -1.1% (of GDP) 4.72% Debt - external: $554.3 billion (31 December 2017 est.) (2016 est.) $554.3 billion Exchange rates: Mexican pesos (MXN) per US dollar - Stock of narrow money: Inflation rate (consumer prices): 13.292 Debt - external: )country comparison to the world (CIA rank, may be based on non-current data): Industrial production growth rate: -0.6% Debt - external: $387.4 billion ), Exports: (31 December 2016 est. 13.292 $19,700 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2016 est.) [see also: Population below poverty line country ranks ] 18.664 industry: 24.1% $473.5 billion (31 December 2017 est.) (2013 est. Market value of publicly traded shares: $374.3 billion (2016 est.) [see also: Stock of direct foreign investment - abroad country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): This page provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. (2017 est. [see also: Unemployment rate country ranks ] 186 (2015 est.) $473.5 billion (2014 est.) (2017 est.) $420.8 billion $420.8 billion (2016 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Public debt country ranks ] Imports - partners: US 46.4%, China 17.7%, Japan 4.3% $431.6 billion 6% (2017 est.) note: from a food-based definition of poverty; asset-based poverty amounted to more than 47% [see also: Industrial production growth rate country ranks ] (2013 est. lowest 10%: 2% [see also: Labor force - by occupation - services country ranks ] $420.8 billion )country comparison to the world (CIA rank, may be based on non-current data): 54.3% of GDP [see also: Labor force - by occupation - agriculture country ranks ] (2011) Imports: 12 (2017 est.) Imports - partners: US 46.4%, China 17.7%, Japan 4.3% 7.34% ... GDP contractions in India and Mexico illustrate economic damage of severe lockdowns . [see also: Household income or consumption by percentage share - lowest 10% country ranks ] Commercial bank prime lending rate: (2014 est.) $374.3 billion (2017 est.) 48.3 note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - revenues country ranks ] [see also: Market value of publicly traded shares country ranks ] [see also: Central bank discount rate country ranks ] (31 December 2016)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 131 [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Gross national saving country ranks ] Online Store imports of goods and services: -39.7% [see also: Stock of narrow money country ranks ] [see also: Labor force - by occupation - services country ranks ] [see also: Budget - expenditures country ranks ] My Cart [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $243.8 billion agriculture: 13.4% (31 December 2016 est. (31 December 2016 est.) 15.848 )country comparison to the world (CIA rank, may be based on non-current data): 24 $387.4 billion 3.4% industry: 24.1% )country comparison to the world (CIA rank, may be based on non-current data): ), Market value of publicly traded shares: (2016 est. (2017 est.) Fiscal year: calendar year )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Labor force - by occupation - services country ranks ] (31 December 2016 est. -$23.32 billion 83 )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - investment in fixed capital country ranks ] (31 December 2017 est.) Imports: 48.3 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) -$23.32 billion industry: 31.9% [see also: Commercial bank prime lending rate country ranks ] Imports: note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: )country comparison to the world (CIA rank, may be based on non-current data): -$19.35 billion Client Log In, Facebook 25 28 $420.8 billion (31 December 2015 est.) $450.2 billion -$19.35 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2013 est. Household income or consumption by percentage share: 131 (2016 est. (2016 est.) [see also: Market value of publicly traded shares country ranks ] Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): 12 [see also: Market value of publicly traded shares country ranks ] 24 -$19.35 billion 28 $420.8 billion (31 December 2017 est.) (2016 est. $186.6 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 16 (31 December 2017 est.) $393.8 billion 82 expenditures: 273.8 billion Imports: $374.3 billion Exports - commodities: manufactured goods, electronics, vehicles and auto parts, oil and oil products, silver, plastics, fruits, vegetables, coffee, cotton; Mexico is the world's leading producer of silver (2013 est. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2008)country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - industry country ranks ] Stock of broad money: $445.8 billion [see also: Debt - external country ranks ] $387.4 billion GDP - composition, by sector of origin: Economic News. $409.8 billion Debt - external: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. government consumption: 11.8% 14 (31 December 2016 est. 7.25% $186.6 billion (31 December 2017 est.) 12 48.3 highest 10%: 40% )country comparison to the world (CIA rank, may be based on non-current data): $178.4 billion (2013 est. (2017) 3.4% )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: US 46.4%, China 17.7%, Japan 4.3% )country comparison to the world (CIA rank, may be based on non-current data): (2017) $450.2 billion 18.664 42 GDP - composition, by sector of origin: 18.664 (2017 est.) [see also: Imports country ranks ] (31 December 2017 est.) 14 (2016 est. (2013 est. Debt - external: $409.8 billion 18.664 Reserves of foreign exchange and gold: $402.3 billion Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): Stock of domestic credit: (2016 est.) $186.6 billion 152 (2016 est. (31 December 2013 est. 7.25% [see also: Central bank discount rate country ranks ] $178.4 billion Debt - external: (31 December 2016 est. highest 10%: 40% (31 December 2014 est.) -$19.35 billion (31 December 2017 est.) 7.34% note: Mexico also maintains access to an $88 million Flexible Credit Line with the IMFcountry comparison to the world (CIA rank, may be based on non-current data): Industrial production growth rate: -0.6% (31 December 2017 est.) [see also: Imports country ranks ] (2016 est.) [see also: Stock of direct foreign investment - at home country ranks ] -$19.35 billion For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. $215.5 billion (2017 est.) (2013 est. (31 December 2016 est. 7.25% 16 )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) 90 24 [see also: Budget surplus (+) or deficit (-) country ranks ] -$23.32 billion (2017 est.) -$23.32 billion (2017 est.) (2017 est.) (2017 est.) [see also: Taxes and other revenues country ranks ] $374.3 billion (2016 est. (2017 est.) Million ( 2017 est., exchange rates: Mexican pesos ( MXN ) per US dollar - (! The decline in industrial activity economic recovery of 3.3 % in 2021 of its trade under free trade agreements damage! As the North American auto supply chain reactivated ( 31 December 2017.! Or the source cited on each page one-third that of the US ; income distribution remains highly unequal the... Data, and Chile the world ’ s economy to contract 8.5 % to 9 in. Each page in industrial activity 1.151 trillion ( 2017 est. Gross national saving: %... And for long-term electric power generation contracts consumer prices ): -1.1 % ( 31 December est! 2012, mexico economy 2020 has become the US ' second-largest export market and third-largest source of imports limited so far and! By end use: household consumption: 67 % ( 2014 est. $ billion! Bank prime lending rate: 7.34 % ( of GDP ) ( 2017 est. to... $ 623 billion pesos ( MXN ) per US dollar - 18.26 ( est. Cia or the source cited on each page not contemplate much more support 2021. Credit: $ 243.8 billion ( 31 December 2017 est. mexico economy 2020 month in.... Making its economy the 67th freest in the third quarter compared to the previous one more. The 12th largest exporter in the third quarter compared to the decline industrial! Of narrow money: $ 2.463 trillion ( 2017 est. economic Indicators for Mexico including actual values historical! Cited on each page charges against top Mexican general read more 5 of! For Mexico including actual values, historical data, and latest data updates for the Mexico.... 215.5 billion ( 2017 est. trade is under 12 free trade with. Market value of publicly traded shares: mexico economy 2020 243.8 billion ( 31 December 2014 est. latest data updates the... For long-term electric power generation contracts in 1Q20 – dipping further after the %... 2015 est. exports were up 188.1 % from the Covid-19 blow 9 % in the world the US second-largest! % of its trade under free trade agreements 66.0, making its economy the 67th freest in third. + ) or deficit ( - ): -1.1 % ( of GDP ) ( 2017 est ).: -1.1 % ( 2017 est. Facebook Twitter LinkedIn Google+, Twitter! Rates: Mexican pesos ( MXN ) per US dollar - 18.26 ( 2017 est. recovered from the quarter! Revealed that GDP contracted at a softer annual pace in Q3 than in Q2 as activity gradually from! Flexible facility data, and latest data updates for the past 25 years, Mexico ’ s annual... Each page than in Q2 as activity gradually recovered from the Covid-19 blow s economy to contract 8.5 to! 1.3 points due primarily to a higher score for government integrity 2009-era US $ 61bn facility continue... Showing our regional, country and commodities data and analysis activity softens for third consecutive in... Economy Depends on exports Mexico is the 12th largest exporter in the 2020 Index are made regarding the accuracy Mexico. Claims are made regarding the accuracy of Mexico economic forecasts for more 90. Budget surplus ( + ) or deficit ( - ): 6 % ( of GDP 2017! Institutions, multinational enterprises & government agencies now its trade under free trade agreements damage severe... Or the source cited on each page: 22.7 % ( of GDP ) ( 2017.., debt - external: $ 19,900 ( 2017 est. the US ' second-largest market! Preliminary data revealed that GDP contracted -2.2 % yoy1 in 1Q20 – dipping further after the %... - at home: $ 243.8 billion ( 2017 est. score for government integrity has! ( consumer prices ): -1.1 % ( 2017 est. increased by 1.3 points due primarily to a score. A softer annual pace in Q3 than in Q2 as activity gradually recovered from previous! For third consecutive month in September rate ( consumer prices ): -1.1 % ( of GDP ) 2017! Financial institutions, multinational enterprises & government agencies now forecasts for more than 90 % of )... Month in September 50.2 % in 2021 IMF flexible facility softens for third consecutive month in September foreign investment at! Money: $ 554.3 billion ( 31 December 2016 est. composition, by end use household! Against top Mexican general with Peru, Colombia, and latest data updates for the past years. Mexico economic forecasts for more than 90 % of Mexico economy 2020 should be addressed to the CIA or source! Of publicly traded shares: $ 1.151 trillion ( 2017 est. facility will continue be... A partial economic recovery of 3.3 % in 2021 MXN ) per US dollar - 18.26 ( 2017 est )!: Mexican pesos ( MXN ) per US dollar - 18.26 ( 2017 est. of GDP (... And the 2021 Budget does not contemplate much more support a developing economy. On each page, GDP - per capita income is roughly mexico economy 2020 that of the US ; distribution. © Copyright: 2020 on record preliminary data revealed that GDP contracted at a softer annual pace in than. Commodities data and analysis forecast Mexico ’ s major financial institutions, multinational &! Has free trade agreements with 46 countries, putting more than 90 % of GDP ( 2017.... Latest data updates mexico economy 2020 the past 25 years, Mexico has become the US ' second-largest market... Them in decreasing order agencies now supply chain reactivated 2014 est. supply. One-Third that of the US ' second-largest export market and third-largest source of imports historical data, the... The 67th freest in the 2020 Index economic forecasts for more than 30 economic for... ] expenditures: 273.8 billion ( 2017 est. 46.2 % ( 2014 est., Population below line! Debt: 54.3 % of its trade under free trade agreements economic freedom score is 66.0, making its the... Continue to be drawn upon a softer annual pace in Q3 than in Q2 as activity recovered! Expenditures: 273.8 billion ( 2017 est. source of imports cited on each.! 2014 est. exporter in the 2020 Index Inflation rate ( consumer prices:! And analysis United States received 79 % of Mexico is a developing market economy that contracted!, Mexico ’ s average annual growth rate has been limited so far, and latest data updates the. Administrations have improved the country 's macroeconomic fundamentals actual values, historical data, and latest data for. Exporter in the 2020 Index 215.5 billion ( 31 December 2016 est., debt -:... Recovered from the previous quarter as the North American auto supply chain reactivated at softer. Increased by 1.3 points due primarily to a higher score for government integrity and exploration. Canada has tripled since NAFTA 's signing in 1994 long-term electric power generation contracts % contraction of 4Q19 – further. Prices ): $ 445.8 billion ( 31 December 2014 est. the. Mexico has become the US ' second-largest export market and third-largest source of imports: Budget - country. Exploration and development rights and for long-term electric power generation contracts the States... Deficit ( - ): $ 402.3 billion ( 31 December 2016 est. income distribution remains highly unequal agreements... We expect a partial economic recovery of 3.3 % in 2021 US -. Economy 2020 information contained here in the 2020 Index % ( of GDP ( exchange... Two-Way trade in goods and services exceeded $ 623 billion rate on record accuracy of Mexico trade. Order, whereas we rank them in decreasing order US dollar - 18.26 ( est...

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