Changes

Mexico is highly dependent on exports to the U.S., which account for almost a quarter of the country’s GDP. The result is that the Mexican economy is strongly linked to the U.S. business cycle. Real GDP grew by 3.0% in 2005 and was projected to grow by 4.5% for 2006.  

Mexico is highly dependent on exports to the U.S., which account for almost a quarter of the country’s GDP. The result is that the Mexican economy is strongly linked to the U.S. business cycle. Real GDP grew by 3.0% in 2005 and was projected to grow by 4.5% for 2006.  

Mexico’s trade regime is among the most open in the world, with free trade agreements with the U.S., Canada, the EU, and many other countries. Since the 1994 devaluation of the peso, successive Mexican governments have improved the country’s macroeconomic fundamentals. [[Inflation]] and public sector deficits are under control, while the current account balance and public debt profile have improved. As of September 2006, Moody’s, Standard & Poor’s, and Fitch Ratings had all issued investment-grade ratings for Mexico’s sovereign debt.  

Mexico’s trade regime is among the most open in the world, with free trade agreements with the U.S., Canada, the EU, and many other countries. Since the 1994 devaluation of the peso, successive Mexican governments have improved the country’s macroeconomic fundamentals. [[Inflation]] and public sector deficits are under control, while the current account balance and public debt profile have improved. As of September 2006, Moody’s, Standard & Poor’s, and Fitch Ratings had all issued investment-grade ratings for Mexico’s [[Sovereign debt]].  

*Nominal GDP: $1.56 trillion (2010 est.) (rank in world: 12).

*Nominal GDP: $1.56 trillion (2010 est.) (rank in world: 12).

*GDP (PPP method, 2005): $1.07 trillion (rank in world: 13).

*GDP (PPP method, 2005): $1.07 trillion (rank in world: 13).