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

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