| Social and Demographic Indicators | |||
|---|---|---|---|
| GDP per Capita (U.S. dollars, 2007) | 9717 | Households below the poverty line (percent, 2002) | 33 |
| Population (millions, 2007) | 105.3 | Income share of highest 20 % / lowest 20 % | 12.6 |
| Life expectancy at birth (years, 2006) | 74.5 | Adult Illiteracy Rate (2005) | 8.4 |
| Under 5 mortality rate (per thousand, 2006) | 35.3 | Gross primary education enrollment rate (2006) | 112.7 |
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009* | 2010* | |||
|---|---|---|---|---|---|---|---|---|---|
| (Annual percentage change, unless otherwise indicated) | |||||||||
| National accounts in constant prices | |||||||||
| Real GDP | 4.00 | 3.10 | 4.90 | 3.20 | 1.80 | -0.30 | 2.10 | ||
| Net Exports (contribution) | 0.00 | -0.60 | -0.80 | -0.40 | -1.50 | -0.20 | -0.40 | ||
| Total Domestic Demand | 3.90 | 3.70 | 5.60 | 3.50 | 3.20 | -0.10 | 2.40 | ||
| Private Consumption | 5.60 | 4.80 | 5.60 | 4.20 | 3.30 | 0.60 | 2.20 | ||
| Public Consumption | -2.80 | 3.50 | 0.30 | 1.00 | 0.20 | 2.00 | 2.10 | ||
| Gross fixed private investment | 9.30 | 8.50 | 11.20 | 5.50 | 5.90 | -5.00 | 2.70 | ||
| Gross fixed public investment [1] | 3.00 | -1.70 | 2.60 | 6.30 | 3.90 | 5.20 | 1.80 | ||
| Change in business inventories (contribution) |
-1.00 | -1.20 | -0.10 | -0.60 | -0.20 | -0.10 | 0.10 | ||
| External Sector | |||||||||
| Exports, f.o.b. | 14.10 | 14.00 | 16.70 | 8.80 | 8.80 | -13.90 | 6.70 | ||
| Export Volume | 2.10 | 5.30 | 8.50 | 3.50 | -1.20 | -1.80 | 2.90 | ||
| Imports, f.o.b. | 15.40 | 12.70 | 15.40 | 10.10 | 11.10 | -14.00 | 6.10 | ||
| Imports volume | 9.30 | 7.30 | 10.40 | 4.40 | 2.60 | -5.30 | 2.40 | ||
| Petroleum exports (percent of total exports) | 12.60 | 14.90 | 15.60 | 15.80 | 17.00 | 10.70 | 12.30 | ||
| Terms of trade (deterioration -) | 5.80 | 3.00 | 2.90 | -0.30 | 1.60 | -4.50 | 0.00 | ||
| Employment and Inflation | |||||||||
| Consumer prices (end of year) | 5.10 | 3.30 | 4.00 | 3.70 | 6.50 | 3.60 | 3.10 | ||
| Formal sector employment (annual average) | 1.50 | 3.20 | 4.70 | 4.20 | .. | .. | .. | ||
| Formal sector unemployment rate (annual average) | 3.90 | 3.60 | 3.60 | 3.70 | 3.90 | 4.50 | 4.20 | ||
| Real manufacturing wages (annual average) | 0.30 | -0.20 | 0.40 | 1.00 | .. | .. | .. | ||
| Money and credit | |||||||||
| Broad money (M4a) | 12.60 | 15.00 | 12.80 | 11.50 | 11.90 | 8.00 | 8.40 | ||
| Treasury bill rate (28-day, in %, annual average) | 6.60 | 9.20 | 7.20 | 7.20 | 7.70 | .. | .. | ||
| (*in percent of GDP ) | |||||||||
| Nonfinancial public sector | |||||||||
| Augmented balance [2] | -1.70 | -1.40 | -0.60 | -1.40 | -1.70 | -2.90 | -2.80 | ||
| Non-oil augmented balance | -6.10 | -6.40 | -5.80 | -6.50 | -5.80 | -7.50 | -5.70 | ||
| Augmented primary balance | 1.20 | 1.60 | 2.20 | 1.30 | 1.30 | -0.20 | -0.10 | ||
| Traditional balance [3] | -0.20 | -0.10 | 0.10 | 0.00 | 0.00 | -1.80 | -1.80 | ||
| Gross public sector debt | 41.40 | 39.90 | 38.50 | 36.30 | 39.30 | 42.10 | 42.50 | ||
| Net public sector debt | 36.80 | 35.30 | 32.50 | 31.50 | 33.00 | 35.20 | 36.90 | ||
| o/w percent in foreign currency | 39.10 | 34.80 | 28.90 | 26.40 | 21.60 | 18.90 | 17.50 | ||
| Savings and investment | |||||||||
| Gross domestic investment | 24.80 | 24.10 | 25.90 | 26.00 | 25.90 | 25.30 | 25.40 | ||
| Public investment | 4.70 | 4.50 | 4.40 | 4.50 | 4.70 | 5.00 | 4.90 | ||
| Private investment | 15.00 | 15.50 | 16.30 | 16.30 | 15.40 | 15.10 | 15.10 | ||
| Change in inventories | 5.10 | 4.10 | 5.20 | 5.20 | 5.80 | 5.30 | 5.40 | ||
| Gross national saving | 23.90 | 23.50 | 25.30 | 25.00 | 24.70 | 24.10 | 24.00 | ||
| Public saving [4] | 2.90 | 3.10 | 3.80 | 3.10 | 3.00 | 2.10 | 2.20 | ||
| Private saving | 21.00 | 20.40 | 21.50 | 21.90 | 21.70 | 22.00 | 21.80 | ||
| External current account balance | -0.90 | -0.70 | -0.60 | -1.00 | -2.20 | -2.20 | -2.50 | ||
| Non-oil external current account balance | -2.50 | -2.40 | -2.60 | -2.90 | -3.40 | -2.80 | -3.10 | ||
| Net foreign direct investment | 2.50 | 1.90 | 1.50 | 2.60 | 3.00 | 1.80 | 2.70 | ||
| (in percent of export of goods, nonfactor services, and transfers) | |||||||||
| Public external debt service [5] | 11.80 | 10.20 | 13.90 | 7.00 | 5.50 | 5.90 | 7.80 | ||
| (in billions of U.S. dollars, unless otherwise indicated) | |||||||||
| Net international reserves | 61.50 | 68.70 | 67.70 | 78.00 | 85.60 | 91.20 | 91.20 | ||
| Gross official reserves in % of short-term debt [6] | 155.10 | 125.70 | 174.90 | 172.70 | 145.10 | 135.30 | 119.30 | ||
| Gross external debt (in % of GDP, end of period) | 21.90 | 20.40 | 17.80 | 18.90 | 20.60 | 25.00 | 27.00 | ||
| Crude oil export price, Mexican mix (US$/bbt) | 31.00 | 42.80 | 53.10 | 61.70 | 85.70 | 47.30 | 56.40 | ||
Sources: National Institute of Statistics and Geography, Bank of Mexico; Secretariat of Finance and Public Credit; and IMF staff estimates.
During a time of global economic concern and uncertainty, Mexico’s economic indicators have remained strong.
Mexico’s rapidly growing Aerospace industry has advanced and diversified in recent years and become home to companies including GlobalVantage, Bombardier, Goodrich and Honeywell.
1) Staff estimates
2) Includes adjustments for development banks, Pidiregas, oil stabilization fund, IPAB
3) The break in the series in 2009 is due to definitional and accounting changes.
4) Estimated as the difference between the augmented fiscal balance as reported by SHCP, and public investment, as reported in the national accounts.
5) Includes the IMF and public development banks and trust funds net of the collateral of Brady bonds.
6) In percent of short-term debt by residual maturity. Historical data include all prepayments.