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The classic answer is because it is a third world, undeveloped country.
However, nowadays agriculture is not as important, due to Mexico's ongoing industrialization. During 2017, only 3.9% of Mexico's GDP came from agriculture, while industry and services accounted for 31.6% and 64% of the GDP, respectively. In terms of labor force, 13.4% is employed in agricultural activities, while 24.1% and 61.9% are employed on industrial and services activities.
What else can I help you with?
What was Mexico's traditional economy based on until the 1940s?
Agriculture.
Is Mexico's economy based on agriculture or industry?
It is neither. Mexico's economy is based on the services and commerce sector, which accounts for 69.5% of Mexico's national income and employs 58% of the labor force.
What is Iowa's economy based on?
Iowa's economy is based on Agriculture.
What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
The change from an agriculture based economy to an industry based economy is called?
industrialization
What was a farm-based economy called?
An agriculture economy is based on farming.
The economy of agrarian societies was based on?
The economy of agrarian societies was based on agriculture.
Uruguay's economy is based on .?
Agriculture
What is Kenya's developing economy based on?
Kenya's developing economy is based on agriculture and tourism.
Was the economy of the Middle Colonies characterized by plantation agriculture?
The economy of the Middle Colonies was not characterized by plantation agriculture. The Southern Colonies had an economy based on plantation agriculture.
On what is kenyas devolping economy based?
Agriculture
The economy of early civilizations was based around .?
The economy of early civilizations was based around agriculture.
