Macroeconomic Stability

According to the World Economic Forum (WEF) Global Competitiveness Report 2012-2013, in terms of the Macroeconomic Stability Subindex (which is computed considering six variables: government budget balance, national savings rate, inflation, government debt and credit rating), Mexico is ranked in place 40 out of 144 countries.

In terms of government indebtedness, Mexico's government debt as percentage of GDP is 43.5%, indicating a significant better solvency than countries such as Poland, India, Brazil, Spain and the United States.

In spite of the international financial instability, through 2012 Mexico strengthened its public financial performance. The 2013 public budget approved by the Mexican Congress states a 2.0% deficit, considering PEMEX’s investment, and a 0.0% deficit without this investment.

On the other hand, the monetary policy has allowed inflation to reach levels close to those of our major trading partners. In 2012, consumer inflation stood a 4.1%, according to the International Monetary Fund.

Also, our country risk level, which is at a 2.3% rate, is more competitive than that of Brazil, India and Turkey, that is, 2.6%, 3.0% and 3.6% respectively.