Monday, October 29, 2018

Mexico Economy


Mexico has a population of 130,759,074 with a land area of 758,400 square miles.

Nominal GDP is $1.15 trillion. GDP growth is 2.3%. Nominal per capita GDP is $9,304. Inflation is 2.5%, Poverty is 42.3%. Labor force is 53 million. Unemployment is 3.44%.

GDP by sector is agriculture 3.6%, industry 36.6%, services 59.8%.

Labor force by occupation is agriculture 13.4%, industry 24.1%, services 61.9%.

Main industries include food, beverages, tobacco, aerospace, chemicals, iron, steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables and tourism.

Exports are $406.5 billion of automobiles, electronics, televisions, mobile phones, LCDs, oil and oil products, silver, fruit, vegetables, coffee and cotton. Sold to the US 80.3%, Canada 2.7%, China 1.5%, Spain 1.5% Brazil 1.2%.

Imports are $417.3 billion including metalworking machines, steel millproducts, agricultural machinery, metals, repair parts for motor vehicles, aircraft and parts and oil production equipment from the US 49%, China 16.6%, Japan 4.4%, Germany 3.4% and South Korea 3.4%.

Government debt is $341 billion or 47.9% of GDP. Government revenues are $234.3 billion. Spending is $263.8 billion.  Economic aid is $189 million. Reserves are 179.214 billion.


Norb Leahy, Dunwoody GA Tea Party Leader

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