Mexico Economy

In 2017, Mexico’s nominal GDP was $1.147 trillion. It is the 11^th largest economy on the planet.  Nominal per capita GDP was $8,700 per year in 2016.  GDP by sector includes services 59.8%, industry 36.6% and agriculture 3.6%. Occupation by sector includes services 61.9%, industry 24.1%,  agriculture 13.4%, Mexico’s population is 130,759,074.  Labor force in 2015 was 53 million. Population below poverty was 42.3% in 2017. 

Unemployment was 3.44%,   Land area is 761,606 square miles, the 13^th largest country. Exports were $406.5 billion in 2017 including automobiles, electronics, televisions, computers, mobile phones and LCDs. Commodities include oil, silver, cotton, coffee, fruits and vegetables.  80% of Exports were sold to the US.

Imports were $417.3 billion in 2017 including metalworking machines, steel mill products, oil drilling equipment, agricultural equipment, automobiles.  49% of imports came from the US.

Government debt was 48% of GDP in 2016. 18.10 Pesos equal $1 US Dollar. Each Peso is worth 5.5 cents.

Government corruption is endemic. Owning private property is at your own risk.  

https://en.wikipedia.org/wiki/Economy_of_Mexico

Comments

We should be able to increase US exports to Mexico and decrease imports to the US from Mexico to narrow the 31% gap in the US trade deficit with Mexico.

We will need an effective border wall and effective visa controls to stop illegal migration to the US. This will also help to dry up drug cartel cash that is now corrupting Mexican government operations.

Norb Leahy, Dunwoody GA Tea Party Leader