Economy of Mexico

Uncommon card · No. 84177

Mexico has a developing, free-market mixed economy. It is the 13th-largest economy in the world by both nominal GDP and PPP as of 2026. It is known for its strong international trade networks, particularity with the United States and Canada who freely trade through USMCA. Mexico has a pronounced tourism industry, generating around 8% of Mexican GDP. It has a significant industrial manufacturing base as the 10th largest exporting and importing economy. The Mexican economy has broad macroeconomic stability, moderate inflation, and a strengthening labor market. It is challenged by a large informal economy, deep wealth inequality, and public corruption. Significant gaps persist between the urban and the rural population, the northern and southern states, and the rich and the poor. Mexico is a highly unequal country: 0.2% of the population owns 60% of the country's wealth, while 38.5 million people live in poverty (2024). The OECD and WTO both rank Mexican workers as the hardest-working in...

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