Mexico Economic Profile

Key Facts

$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

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