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What is Mexico's impact on trade?

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Anonymous

11y ago
Updated: 8/20/2019

Mexico is the eleventh largest economy in the world, with a GDP of US$1.79 trillion. It is also the eleventh in terms of population (116,220,947) and the fourteenth and fifteenth largest importing and exporting country (US$370.8 billion and US$370.9 billion, respectively) worldwide.

Mexico is also one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements.

Finally, although the BRIC countries (Brazil, Russia, India, China) are considered to be the fastest-growing developing economies - and much media attention has been paid to them - it is estimated that by the end of 2050, Mexico will be the fifth largest economy in the world, just behind China, the United States, India and Brazil.

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Wiki User

11y ago

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