Hello everyone!
This is Augusto from TCF Mexico.
Today’s Mexico is large, diversified, and growing stronger.
Mexico has a $1.26 trillion economy, making it the 15th largest economy in the world, and the 11th taking into account power purchasing parity. This makes Mexico a so-called “middle
power”: falling just short of being a G7 economy, it is nevertheless an economic power to be reckoned with.
With its 122 million inhabitants, the GDP per capita currently stands at about$10,000, placing it firmly in the “upper middle income” countries. Adjusted for purchasing power, the GDP per capita is about 60% higher, at roughly $16,000. That puts it in the same league with countries like Turkey, Romania, and Brazil, but still far below countries like the U.S. ($55,000) or Switzerland ($58,000)
Economic growth is forecasted to rebound to 3.5% in 2015, more or less in line with compounded average annual growth in the years following the global financial crisis of 2008-2009. Before that, growth averaged about 4-5% per year. The country faced its last severe economic crisis in 1994.
