ECONOMIC INFORMATION

Population: 102.3m

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Population growth: 1.45%

 

Population density (people per sq. km): 54

UN Human Development Index ranking: 53/177

Gross national income (current US$): $637.2bn (2003)

Gross national income per capita: $6,230

PPP Gross national income: $915.4bn

PPP Gross national income per capita: $8,950

GDP growth: -0.1% (2003)

GDP breakdown Agriculture: 4.1%, Industry: 26.39%, Services: 69.57%

Inflation (12-month average): 6.49 (2003)

Gross capital formation as % of GDP: 19.83%

Final consumption expenditure as % of GDP: (growth) 81.8% (2.9%)

Exports of goods & services as % of GDP: 28.4%

Top 3 export markets: US, Canada, Germany

Local industries: Food & beverages, tobacco, chemicals, iron & steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism

WEF Growth Competitiveness ranking * : 48/104

WEF Business Competitiveness ranking ** : 55/103

WEF Quality of the Business Environment ranking : 56/103

Transparency International Corruption Perceptions ranking: 64/145

Languages: Spanish (official)

 

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FDI INFORMATION

 

Region: Central America

 

No. of projects (Jan-Sep 2004): 298

 

Market-share of projects in the region: 65.8%

Value of projects relative to GDP: 4.8%

Top 3 destination sectors: Metals/mining, hotels, tourism & leisure, consumer electronics

Top 3 business functions: Manufacturing, retail, extraction

Top 3 source countries: US, Japan, Canada

Top 3 investors: Ford, LG, Electrolux

 

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 difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations