Mexico Economic Profile

Key Facts

GDP:	$1.155 trillion
Exchange rate:	13.0965 (rate in currency units per U.S. dollar)
Inflation rate:	3.5%
Budget:	$263.2 billion (revenues), $187.1 billion (expenditures)
Budget Deficit:	-1.3% of GDP
Unemployment:	-2.5%
Foreign Direct Investment:	$321.5 billion (in U.S. dollars)

Sources: CIA World Fact Book, Federal Reserve, U.S. State Department. Organization for Economic Cooperation Development

Market Data

MARKET DATA
Central Bank:	Banco de Mexico
S&P:	BBB with stable outlook
Moody's:	Baa1 with stable outlook
Fitch:	BBB with stable outlook
International Reserves:	$161.2 billion (Data in millions, as of June 2012)

Source: IMF, S&P, Moody’s, Fitch

Importing & Exporting

Top Import Markets:	U.S., China
Top Export Markets:	U.S., Canada
Top Imports:	metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft and aircraft parts.
Top Exports:	manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton
Balance of Trade:	($8.789 billion)

Source: CIA Fact Book

Government and Legal

Form of Government:	federal republic composed of 31 states and the Federal District, with executive, legislative and judicial branches.
Legal System:	civil law system with U.S. constitutional law theory influence, judicial review of legislative acts.

Sources: CIA Factbook