Economy

According to the World Economic Forum (WEF) Global Competitiveness Report 2017-2018, in terms of the Macroeconomic Environment Pillar (which is computed considering five variables: government budget balance, national savings rate, inflation, government debt and credit rating), Mexico is ranked in place 43 out of 137 countries. Singularly, Mexico has a transparent credit system; the country is in the global position 34 respect to obtaining a credit, surpassing countries such as Russia and India.

Our country risk level, which is at a 1.38% rate, is more competitive than the one from India, Turkey and Brazil, that is 2.19%, 2.88% and 3.46% respectively.

Gross Domestic Product

Mexico has a solid economy that has posted a sustained growth over the years. In terms of size, Mexican economy is among the main 15 in the world.

In 2017, the Gross Domestic Product observed an annual growth of 2.04%, adding up to 1.15 billion dollars. According to the International Monetary Fund (IMF), on the following years it is expected a growth of the economy close to a 3.00% annual rate.

 

Exports

According to figures from Mexico's central bank (Banxico), in 2017 the country's exports were valued at 409.401 billion dollars, observing a 9.5% growth when compared with 2016 figures. The IMF projects that exports of goods and services will continue to post a sustained growth in coming years; specifically, it is expected an annual growth of 2.1% in 2018 and a 5.0% annual growth rate as of 2019.

 

Foreign Direct Investment

In 2017, Mexico ranked as 12th foreign direct investment (FDI) destination worldwide, according to the United Nations Conference on Trade and Development (UNCTAD).

The Economy Secretariat (SE) registered a 31.234 billion dollar FDI inflow, most of it on manufacturing industries.

 

Consumer and producer inflation

Mexico's monetary policy has helped maintaining stable, relatively low inflation levels. According to the National Institute of Statistics and Geography (INEGI), in 2017 the Consumer Price Index reported an increase of 6.77%, while the Producer Price Index rose 4.65%. The IMF projects a 3.56% variation on the Consumer Price Index in 2018 and a 3.0% variation as of 2019.