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Mexico is the eleventh largest economy in the world, with a Gross Domestic Product of $2.41 trillion (2017). It is also considered an emerging market, with a GDP per capita of $19,500 (2017), on par to medium-income economies such as Iran ($20,000) or Lebanon ($19,500). Its GDP composition includes 64% towards services, 31.6% to industry and only 3.9% to agriculture.
Unlike other emerging markets, whose economies run on commodities, Mexico has a diversified, manufacturing and export-oriented economy, being an active rival of China for access to the North American, Eastern Asian and European markets. Its exports accounted for $407 billion, and its imports for $417 billion during 2016, setting Mexico as the 12th/13th largest exporter/importer in the world, respectively. The largest Mexican exports include crude machinery and equipment (37%), and motor vehicles and parts (25%), while the largest imports also include machinery and machine parts (39%), as well as motor vehicles and parts (10%).
Some of the largest challenges to Mexico's economic potential include market inefficiencies, corruption and security issues; especially those found in Mexico's southern region which still lags in terms of economic advancement and governance. For example, the state of Oaxaca has the health, education and income of the Sub-Saharan country of Botswana, while Mexico City, capital of the country, has the quality of life of Quebec in Canada, or Aragon in Spain (GDP Per capita: $34,223).
What else can I help you with?
What is Mexicos Economy in Latin America?
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
Who runs America's Economy?
Corporations. Big business.
The government does what in a planned economy?
Runs the economic system
How did banks runs affect the economy?
your mom is a Bad Girl
What kind of economy does US live in?
The United States says that it runs a free market economy, but if you look at the way it takes action involving businesses, its closest to a socialist economy.
What has made Mexicos economy grow in the past?
DRUGS
What are mexicos common needs?
Security, a good economy, jobs for the population.
What is Mexicos Economy in Latin America?
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
What were the results of mexicos foreign debt cisis?
Devaluation of the Mexican peso as well as a fall of the Mexican economy.
Which of President Cardenas's policies most affected Mexicos economy?
novanet answer:: He brought Mexico's oil reserves under government control.
Why does the yucatan peninsula conributes to mexicos economy because of its?
Beautiful landscapes along the Caribbean Sea. The most prominent activity is tourism.
How has the North American free trade agreement helped mexicos economy?
It has led mexico to depend less on farming and more on manufacturing.
What is New Mexicos economy?
In 2003 New Mexico's economy was $1.2 billion
When did Mexicos Got Talent end?
Mexicos Got Talent was created on 2010-02-12.
Why is mexicos gulf coastal plain important to the economy?
It is a quite fertile area, has good fisheries close to the shore and has oil and gas deposits on the gulf's sea floor.
What type of animal is road runner?
its a bird,,,mexicos state bird its a bird,,,mexicos state bird
Where is Mexicos mom?
Spain
