Mexico in comparison with the economy of another country
|Rank | 13th(nominal) / 11(PPP) |
|Currency |Mexican peso (MXN) |
|GDP|$1.085 trillion (nominal, 2009) |
| |$1.465 trillion (PPP, 2009) |
|GDP growth |5.5% (2009) |
|GDP per capita|$9,100 (2009, nominal) |
| |$14, 337 (2009, PPP) |
|GDP by sector |Agriculture 4%, industry 26.6%, services 69.5% |
|Unemployment |6.2% plus considerable underemployment 26% |
|Exports |223.5 billion (2009) |
The economy of Mexico is one of the largestin the world, its located in place 13th according to the World Bank. Since the 1994 crisis, Mexico was one of the Latin American nations most affected by the 2008 recession with its Gross Domestic Product (GDP), contracting by more than 6%. It become stable when the inflation and interest rates record lows increased per capita income, enormous gaps remain between the urban and the rural population,the northern and southern states, and the rich and the poor.
The economy of Mexico contains a rapidly modern industrial and service sectors, with increasing private ownership. For example in ports, railroads, telecommunications, electricity generation, natural gas distribution and airports. As an export economy, more than 90% of Mexican trade is under free trade agreements with more the 40countries, including European Union, Japan, Israel, and much of Central and South America.
Gross Domestic Product (GDP)
GDP: Is the dollar amount of all final goods and services produced within country’s national borders in a year, is the single most important measure of the economy’s overall economic performance. Is a measure of national output.
GDP in Mexico
This table demonstrates how Mexico hasbeen growth since the 90´s started.
| AVERAGE ANNUAL GDP BY GROWTH PERIOD |
|1900–1929 |3.40% |
|1929–1945 |4.20% |
|1972–1981 |5.50% |
|1981–1995 |1.50% |
|1995–2000 |5.10% |
The GDP refers to all goods and services that a country produces in a year. Mexico has a lot of goods and services that are divided in different areas like food, agriculture, industrial production, electronic production, etc. This sections form an essential part in the economy of Mexico, it makes...