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 bank Bank of Mexico
International Reserves US$ 149.208 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 1.208 trillion (2010 estimate)
GDP (Purchasing Power Parity) 1.743 trillion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-0.2% 0.8% 1.7% 4% 3.2% 4.9% 3.3% 1.2%
2009 2010 2011 2012*
-6.3% 5.5% 4% 3.6%

*Estimate

GDP per capita - current prices US$ 10,514 (2010 estimate)
GDP per capita - PPP $15,178 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
2.94% 2.59% 2.48% 2.1% 2.07%

**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) 0.37% (2007)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
5.3%(2008) 4.2% 3.4% 3.9%

*Estimate

Unemployment rate
2009 2010 2011 2012*
5.5% 5.4% 5.2%(2009) 4.8%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
43.1% 44.6% 42.9% 43.8% 42.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-1.1% -4.7% -4.3% -3.4% -2.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$340.6 billion US$454.3 billion US$408.7 billion
Largest companies in Mexico Femsa (Beverages), Grupo Modelo (Beverages), Grupo Televisa (Broadcasting & Cable), Grupo Elektra (Computer & Electronics Retail), ALFA (Conglomerates), Grupo Carso (Conglomerates),Cemex (Construction Materials), El Puerto de Liverpool (Department Stores), Industrias Peñoles (Diversified Insurance), Grupo Mexico (Diversified Metals & Mining), Fresnillo (Diversified Metals & Mining), Minera Frisco (Diversified Metals & Mining), Grupo Bimbo (Food Processing), GFNorte (Regional Banks), Grupo Inbursa (Regional Banks), América Móvil (Telecommunications Services) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -9.9 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP -0.8% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

30.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export 1.91%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.37% (2011)(2007)

(Data were released in 2012)

Total exports US$370.9 billion (2012 estimate) 
Export commodities manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton
Total imports US$379.4 billion (2012 estimate) 
Import commodities metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts
Exports - major partners US 71.7%, Canada 7.4% (2009 estimate)
Imports - major partners US 62.2%, China 7.5% (2009 estimate)
FDI inflows
2009 2010 2011
US$16,119 million US$20,709 million(2009) US$19,554 million(2009)
FDI outflows
2009 2010 2011
US$7,019 million US$13,570 million US$8,946 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$-463 million US$3,247 million(2009) US$2,892 million(2009) US$4,390 million
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

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

Cross-border M&A deals worth over $3 billion completed in 2011

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 48 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 36 out of 185 countries(2009)

Enforcing Contracts: 76 out of 185 countries

Registering Property: 141 out of 185 countries

Getting credit: 40 out of 185 countries

Protecting investors: 49 out of 185 countries

Trading across border: 61 out of 185 countries

Paying Taxes: 107 out of 185 countries

Dealing with Construction Permits: 36 out of 185 countries

Getting Electricity: 130 out of 185 countries

Resolving Insolvency: 26 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
53

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 54 Score: 65.3 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-6
Total area 1,964,375 km2 (2006)
Capital Mexico (Distrito Federal) (2009)
Currency Mexican pesos (MXN) (2009)
Government type federal republic (2009)
Languages Spanish 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)
Religions Roman 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
1980 1990 2000 2012* 2017**
67.57 million 83.23 million 97.97 million 114.87 million 120.73 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
50.8% 66.3% 74.7% 78.1%
Population median age 27 years (2010)
Population growth rate 1.2% (2011)
Life expectancy 77 years (2010)
Adult literacy 93% (2005/2010)
% of population living on less than $2 a day 8.56% (2011)
Inequality of wealth distribution (Gini index)

48.28 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2011)

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

Total telephone subscribers as % of population

99.53% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 36.15% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

3.9831 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S SAFEST EMERGING MARKETS BANKS

2012:
  • REGIONAL WINNERS HSBC Mexico (National, 2012)
  • REGIONAL WINNERS Banco Santander Mexico (National, 2012)
  • REGIONAL WINNERS Banco Nacional de Comercio Exterior (National, 2012)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Banco Santander Mexico (National, 2013)
2012:
  • COUNTRY WINNERS Banamex (Abdellatif Jouahri, 2012)
2011:
  • COUNTRY WINNERS Banamex (National, 2011)
2010:
  • COUNTRY WINNERS Banamex (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Banamex (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Information Security Initiatives Banamex (National, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Online Treasury Services Banamex (National, 2012)
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Bill Payment & Presentment Banamex (National, 2012)
  • GLOBAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Information Security Initiatives Banamex (National, 2012)
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 (National, 2011)
  • REGIONAL SUB-CATEGORY WINNERS / Best Corporate / Institutional Internet Banks / Best Integrated Corporate Bank Site Banamex (National, 2011)
2010:
  • REGIONAL SUB-CATEGORY WINNERS / Best Consumer Internet Banks / Best Web Site Design Banamex (National, 2010)
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Banamex (Global, 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 (2009)

WORLD'S SAFEST BANKS

2013:
  • REGIONAL WINNERS HSBC Mexico (Latin America, 2013)
  • REGIONAL WINNERS Banco Santander Mexico (Latin America, 2013)
2012:
  • REGIONAL WINNERS HSBC Mexico (Global, 2012)
  • REGIONAL WINNERS Banco Santander Mexico (Global, 2012)
  • REGIONAL WINNERS Banco Nacional de Comercio Exterior (National, 2012)
  • REGIONAL WINNERS Scotiabank Inverlat (National, 2012)
2011:
  • REGIONAL WINNERS Banco Santander (Mexico) (Africa, 2011)
  • REGIONAL WINNERS HSBC México (Global, 2011)
2010:
  • REGIONAL WINNERS Nacional Financiera (National, 2010)

WORLD'S BEST EMERGING MARKET BANKS

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

WORLD'S BEST SUB CUSTODIANS

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

WORLD'S BEST INVESTMENT BANKS

2013:
  • COUNTRY WINNERS Santander Mexico (National, 2013)
2012:
  • COUNTRY WINNERS Citi (National, 2012)
2011:
  • COUNTRY WINNERS Citi (Global, 2011)
2010:
  • COUNTRY WINNERS Citi (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

WORLD'S BIGGEST BANKS

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

TOP 200 EMERGING MARKETS BANKS

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

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Banamex (National, 2013)
2012:
  • COUNTRY WINNERS Banamex (National, 2012)
2011:
  • COUNTRY WINNERS Banamex (Africa, 2011)
2010:
  • COUNTRY WINNERS Banamex (National, 2010)
2009:
  • COUNTRY WINNERS Banamex (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE