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Mexicans, as most Americans, work on many different fields and industries. Most of the labor force in Mexico is employed in the tertiary or services and commerce sector (58%). This includes banking and finance, major an minor retail, information technologies, tourism and ecotourism as well as many others.
For the secondary sector, 24% of the workforce is employed in one of the following industries: construction, food and beverages, aerospace, electronics, tobacco, chemicals, iron and steel, petroleum, biotechnology, mining, shipbuilding, electricity, defense products, textiles, clothing, motor vehicles, computers, consumer durables.
Finally, 18% of the employed population works in the primary sector, including farming, fishing and forestry activities.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoNo. Mexico's economy has greatly diversified since the 1980's. Nowadays, it has a GDP of $1.85 trillion (10th in the world), with the largest economic activity being trade and services, providing 59.8% of the Mexican GDP.
As for exports, oil is still the single largest commodity traded by Mexico, providing 13.79% of all exports. However, most products exported by Mexico are manufactured products, including motor vehicles (7.9%), video displays (5.19%), vehicle parts (4.6%) and computers (4.52%).
Wiki User
∙ 12y agoMexico'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.
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What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
In a traditional economy what are the economic decisions based largely on?
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
What are the two things on which the economy of Chile is based?
Chile's economy is highly dependent on international trade. Most of it is via exports, which a large portion is copper mining. The most important non-mineral exports are forestry and wood products, fresh fruit and processed food, fishmeal and seafood.
How does the price of copper affect Chile's economy?
When the price copper goes down, the Chile economy also goes down. The Chilean economy relies heavily on copper; almost 20% of its exports and GDP is based on copper, so when it goes down, the economy is effected as it goes down.
What countries have an economy based largely on the production and sale of energy?
The OPEC countries, and other non-OPEC oil exporters (such as Russia).
What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
What economy throughout Central America is based primarily on?
It is exports
How was the. Economy of the south different from the economy of the north?
The south's economy was based largely on growing cotton. The north's economy was based on industry.
What is the economy of Macau like?
Macau's economy is largely based on gambling and tourism
What is the base of Egypt's economy?
Egypt's economy is based mainly on agriculture, media, petroleum exports, and tourism.
In a traditional economy what are the economic decisions based largely on?
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
The main priorty of American foreign policy is to?
The main priority of American foreign policy was to maximize on the production of exports. This is based on the fact that the economy mainly depended on exports.
What was the california economy based on during the time of mexican rule?
During the time of Mexican rule, the economy in California was largely based on ranching and trade. California became a state on September 9, 1850.
What are the two things on which the economy of Chile is based?
Chile's economy is highly dependent on international trade. Most of it is via exports, which a large portion is copper mining. The most important non-mineral exports are forestry and wood products, fresh fruit and processed food, fishmeal and seafood.
What was the first American colony to have a black majority largely due to an economy based on the production of rice by slaves?
South carolia
Why would it lead to hard times for Boston that they closed the Boston Harbor?
At the time, Boston's economy was largely dependent on the trade - import and export - that was based on Boston's position as a major harbor. Blockading that harbour would lead to almost all its imports and exports coming to a standstill, people losing their jobs etc.
How does the price of copper affect Chile's economy?
When the price copper goes down, the Chile economy also goes down. The Chilean economy relies heavily on copper; almost 20% of its exports and GDP is based on copper, so when it goes down, the economy is effected as it goes down.
