ECONOMIC INFORMATION
Population - 100.9m
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Population growth - 1.53%
GDP (current US$) - $637.21bn (2002)
GDP per capita - $6,314
GDP per capita on a purchasing price parity basis - $8,897
GDP growth - 0.7% (2002)
Industrial production growth - 4.9%
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Inflation (12-month average) - 4.8% (2002)
Exports of goods and services as % of GDP - 27.3%
Top 3 export markets - US, Canada, Germany
Local currency (change vs. US$ Jan 1-Nov 26, 2003) - Peso (-8.0%)
WEF Growth Competitiveness ranking * - 47/102
WEF Business Competitiveness ranking ** - 48/95
Local industries - Food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism
Languages - Spanish
GOVERNANCE
World Bank Governance Matters III ***
Political stability - 0.22
Government effectiveness - 0.15
Regulatory quality - 0.49
Rule of law - -0.22
Control of corruption - -0.19
Economic Freedom ranking - 56/165
UN Human Development Index ranking - 55/175
FDI INFORMATION
Region - Central America
No.of projects (Jan-Sep 2003) - 264
Market-share of projects in the region - 66.8%
Value of projects relative to GNP - 30.7%
Top 3 destination sectors - Metals & Mining, Auto Components, Automotive OEM
Top 3 source countries - USA, Japan, Canada
Top 3 investors - Toyota, Mitsubishi, Flextronics
IPA
Name - Mexican Bank for Foreign Trade (Bancomext)
Web address - www.investinmexico.com.mx
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance