Macroeconomic Stability

According to the World Economic Forum (WEF) Global Competitiveness Report 2010-2011, in terms of the Macroeconomic Stability Subindex (which is computed considering six variables: government budget balance, national savings rate, inflation, interest rate spread, government debt and credit rating), Mexico is ranked in place 28 out of 139 countries, remaining in the same position as in the 2009-2010 Report.

In terms of government indebtedness, Mexico's government debt as percentage of GDP is 30.3%, indicating a significant better solvency than countries such as Brazil, Argentina, India, Poland and the United States.

In 2009, Mexico had a slight fiscal deficit of 0.2% of GDP, the lowest among the countries previously analyzed. Moreover, the country maintains a policy of public finances sustainability in the mediate term, in order to return to fiscal balance.

On the other hand, the monetary policy has allowed inflation to reach levels close to those of our major trading partners. In 2009, consumer inflation stood a 5.3%, according to the World Economic Forum.

Also, our country risk level, which is at a 2.3% rate, is more competitive than that of Brazil, India and Turkey, that is, 3.0%, 3.6% and 4.1% respectively.