Mexico economic system is based on a mixed economy. The economy contracted at the steepest rate since the 2009 global financial crisis in the first quarter as the Covid-19 pandemic started to bite, with GDP falling 1.4% on an annual basis (Q4 2019: -0.7% year-on-year). ... 2019, 09:31 PM. David McNew/Reuters. Eric Martin, President vows to push GDP growth to 4% anually in his tenure Economy in surprise contraction to start 2019 … The Gross Domestic Product (GDP) in Mexico was worth 1200 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. State government has an elaborate system of tax credits and technical assistance to promote job growth and business investment, especially in new technologies. That is, there is a private sector composed of individuals and companies that make free decisions looking for their own interests and a public sector where the State decides how to produce and distribute some goods and services of the economy. The GDP value of Mexico represents 0.99 percent of the world economy. Mexico: Economy shrinks at fastest pace in over a decade in Q1 on initial coronavirus impact. Mexico’s economic freedom score is 66.0, making its economy the 67th freest in the 2020 Index. Access the latest politics analysis and economic growth summary through 2011 for Mexico from The Economist Intelligence Unit chief of mission: Ambassador Christopher LANDAU (since 26 August 2019) telephone: (011) 52-55-5080-2000 embassy: Paseo de la Reforma 305, Colonia Cuauhtemoc, 06500 Mexico, Distrito Federal mailing address: P. O. Read more

The fourth quarter 2019 contraction means that the economy shrank in five of the last eight quarters and not grown above 1 per cent since the first quarter of 2018, when it expanded 1.3 per cent. Mexico's current government, led by President Enrique PENA NIETO, has emphasized economic reforms, passing and implementing sweeping energy, financial, fiscal, and telecommunications reform legislation, among others, with the long-term aim to improve competitiveness and economic growth across the Mexican economy. Data and research on economy including economic outlooks, analysis and forecasts, country surveys, monetary and financial issues, public finance and fiscal policy and productivity., Me da mucho gusto presentar el Estudio Económico de México de 2019 de la OCDE. Mexico 2019 Statista Country Report ... Mexico is the fifth-largest country in the Americas. 11 unbelievable facts about Mexico's economy. In 2017 New Mexico's gross domestic product was $94.2 billion. AMLO Faces Challenge After Mexican Economy Unexpectedly Shrinks By . Oil and gas production, tourism, and federal government spending are important drivers of New Mexico's economy.

This page has economic forecasts for Mexico including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mexico economy. This model combines elements of the market economy and the planned economy. Its overall score has increased by 1.3 points due primarily to a higher score for government integrity.

Mexico’s Economy Contracted in 2019 Sluggish industrial output, falling business investment and a slowdown in services and employment contributed to the country’s weakest performance since 2009 May 26, 2020. Access the latest politics analysis and economic growth summary through 2011 for Mexico from The Economist Intelligence Unit