Country Report Mexico

Potential US slowdown and escalating domestic violence could hurt the rebound

• The rebound continued into Q1 of 2011, and GDP is forecast to grow about 5% this year.
   
• However, in the long-term stronger growth will be hampered by lacking structural reforms and corruption.
   
• Solvency and liquidity situation remain stable. Current account deficits are easily financed by FDI.
   
• Biggest economic risks: slowdown of still fragile US rebound and further escalating domestic violence.

Real GDP growth (%)

Source: EIU / IMF

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General Information

Capital - Mexico City
Government type - Federal republic
Currency - Mexican peso (MXN)
Population - 111.3 million
Status - Upper middle income country
 (GDP/capita: US-$ 10,509 in 2010)
 
Main import sources (2010)

• USA - 48.1%  
• China - 15.1%
• Japan - 5.0%
• South Korea - 4.2%
• Germany - 3.9%

Main export markets (2010)

• USA - 80.0%
• Canada - 3.6% 
• China - 1.4%
• Spain - 1.3%
• Brazil - 1.3%

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Date June 2011