GFmag Online Readers Survey 2012
Mexico


Mexico Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Mexico; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankBank of Mexico
International ReservesUS$ 138.499 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 1.167 trillion (2010 estimate)
GDP (Purchasing Power Parity)1.658 trillion of International dollars (2010 estimate)
Real GDP growth
20002001200220032004200520062007
6.6%-0.2%0.8%1.7%4%3.2%4.9%3.3%
2008200920102011*
1.5%-6.1%5.5%4.6%

*Estimate

GDP per capita - current pricesUS$ 10,638 (2010 estimate)
GDP per capita - PPP$15,114 International Dollars (2010 estimate)
GDP (PPP) - share of world total
19801990200020102015**
2.94%2.59%2.48%2.09%2.08%

**Forecast

GDP - composition by sector
  • agriculture: 3.9% 
  • industry: 32.8% 
  • services: 63.4% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)0.38% (2007)

(Data released on November 2010)

Inflation
2008200920102011*
5.1%(2008)5.3%4.2%3.6%

*Estimate

Unemployment rate
2008200920102011*
4%5.5%5.4%(2009)4.5%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
38.2%43.3%44.6%42.7%42.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-1.3%-1.4%-4.9%-3.6%-3.1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB/Stable/A-3

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$397.725 billionUS$232.581 billionUS$340.565 billion
Largest companies in MexicoAmérica Móvil (Telecommunications services), Femsa (Beverages), Grupo Mexico (Diversified Metals & Mining), Grupo Modelo (Beverages), GFNorte (Regional Banks), Cemex (Construction Materials)
(2011)
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -10.5 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-0.9% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

26.6% (2009)

(Data released on December 2010)

Shares in world total merchandising export1.96%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.42%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$303 billion f.o.b. (2010 estimate)
Export commoditiesmanufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton
Total importsUS$305.9 billion f.o.b. (2008 estimate)
Import commoditiesmetalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts
Exports - major partnersUS 82.2%, Canada 2.4%, Germany 1.5% (2007)
Imports - major partnersUS 49.6%, China 10.5%, Japan 5.8%, South Korea 4.5% (2007)
FDI inflows
200820092010
US$26,295 millionUS$15,334 million(2009)US$18,679 million(2009)
FDI outflows
200820092010
US$1,157 millionUS$7,019 millionUS$14,345 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$-463 millionUS$3,247 million(2009)US$3,306 million(2009)US$3,453 million
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 35 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 67 out of 183 countries(2009)

Registering property: 105 out of 183 countries

Paying Taxes: 107 out of 183 countries

Getting credit: 46 out of 183 countries

Protecting investors: 44 out of 183 countries

Trading across border: 58 out of 183 countries

Enforcing Contracts: 81 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		58

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 48 Score: 67.8 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC-6
Total area 1,964,375 km2 (2006)
CapitalMexico (Distrito Federal) (2009)
CurrencyMexican pesos (MXN) (2009)
Government typefederal republic (2009)
LanguagesSpanish only 92.7%, Spanish and indigenous languages 5.7%, indigenous only 0.8%, unspecified 0.8%; note - indigenous languages include various Mayan, Nahuatl, and other regional languages (2005)
ReligionsRoman Catholic 76.5%, Protestant 6.3% (Pentecostal 1.4%, Jehovah's Witnesses 1.1%, other 3.8%), other 0.3%, unspecified 13.8%, none 3.1% (2000 census)
Total population
1980199020002010*2015**
67.57 million83.23 million97.97 million108.63 million114.17 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
50.8%66.3%74.7%77.5%
Population median age26.0 years (2006)
Population growth rate1% (2009)
Life expectancy76 years (2007)
Adult literacy92% (2000/2007)
% of population living on less than $2 a day8.56% (2011)
Inequality of wealth distribution (Gini index)

51.7 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

98.09% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population31% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Mexico City: 148th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

4.3833 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:
  • COUNTRY WINNERS Banamex (National, 2012)
2011:
  • COUNTRY WINNERS Banamex (National, 2011)
2010:
  • COUNTRY WINNERS Banamex (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Banamex (National, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Trade Finance Services Banamex (Latin America, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Integrated Corporate Bank Site Banamex (Latin America, 2011)
2010:
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Web Site Design Banamex (Latin America, 2010)
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Banamex (National, 2010)
2009:
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Investment Management Services Banamex (Latin America, 2009)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Information Security Initiatives Banamex (Latin America, 2009)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Integrated Corporate Bank Site Banamex (Latin America, 2009)
  • COUNTRY WINNERS / Best Consumer Internet Banks Banamex (National, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Banamex (National, 2009)

WORLD'S SAFEST BANKS

2011:
  • REGIONAL WINNERS Banco Santander (Mexico) (Latin America, 2011)
  • REGIONAL WINNERS HSBC México (Latin America, 2011)
2010:
  • REGIONAL WINNERS Nacional Financiera (Latin America, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Banamex (National, 2012)
2011:
  • COUNTRY WINNERS Banamex (National, 2011)
2010:
  • COUNTRY WINNERS Banamex (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:
  • COUNTRY WINNERS Banamex (National, 2011)
2010:
  • COUNTRY WINNERS Banamex (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2012:
  • COUNTRY WINNERS Citi (National, 2012)
2011:
  • COUNTRY WINNERS Citi (National, 2011)
2010:
  • COUNTRY WINNERS Citi (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)

CENTRAL BANKER REPORT CARD

2011:
2010:
2009:

WORLD'S BIGGEST BANKS

2010:
  • WORLD'S BIGGEST BANKS BBVA Bancomer (Latin America, 2010)
  • BIGGEST BANK IN LATIN AMERICA Banco Nacional de Mexico (Latin America, 2010)
  • BIGGEST BANK IN LATIN AMERICA Bancontander (Latin America, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST BBVA Bancomer (Global, 2010)
  • OVERALL BIGGEST Banco Nacional de Mexico (Global, 2010)
  • OVERALL BIGGEST Bancontander (Mexico) (Global, 2010)
  • OVERALL BIGGEST Banco Mercantil del Norte (Global, 2010)
  • OVERALL BIGGEST HSBC México (Global, 2010)
  • OVERALL BIGGEST Nacional Financiera (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:
  • COUNTRY WINNERS Banamex (National, 2012)
2011:
  • COUNTRY WINNERS Banamex (National, 2011)
2010:
  • COUNTRY WINNERS Banamex (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE