Mexico
| Country summary | |
|---|---|
|
Capital |
Mexico City (Distrito Federal) |
|
Borders |
|
|
Government type |
federal republic |
|
Population |
111,211,789 (July 2010 est.)[1] |
|
Population growth % |
1.13 (2010 est.)[1] |
|
Life expectancy |
76.06 years[1] |
|
Unemployment |
5.5% (2009 est.)[1] |
|
41[2] | |
|
89[3] | |
|
51[4] | |
The site of advanced Amerindian civilizations, Mexico came under Spanish rule for three centuries before achieving independence early in the 19th century. A devaluation of the peso in late 1994 threw Mexico into economic turmoil, triggering the worst recession in over half a century. The nation had been making an impressive recovery until the global financial crisis hit in late 2008. Ongoing economic and social concerns include low real wages, underemployment for a large segment of the population, inequitable income distribution, and few advancement opportunities for the largely Amerindian population in the impoverished southern states. The elections held in 2000 marked the first time since the 1910 Mexican Revolution that an opposition candidate - Vicente FOX of the National Action Party (PAN) - defeated the party in government, the Institutional Revolutionary Party (PRI). He was succeeded in 2006 by another PAN candidate Felipe CALDERON. In January 2009, Mexico assumed a nonpermanent seat on the UN Security Council for the 2009-10 term.[1]
Economical characteristics
- Currency: Peso (ISO code: MXN)
- Central bank discount rate: NA%[1]
- Commercial banks lending rate: 4.9% (31 December 2009)[1]
- Stock of money (M1): $115.9 billion (31 December 2009 est.)[1]
- Quasi money (with M1 makes M2): $146.8 billion (31 December 2009 est.)[1]
Notable events:
- Banking crisis: 1883, 1893, February 1908, 1929, 1981-1982, 1982-1991, October 1992, 1994-1997[5]
- Years in inflation: 11.1% (share of years 1821-2009 with annual inflation above 20 per cent per annum)
- Public default: 1828-1830, 1833-1841, 1844-1850, 1854-1864, 1866-1885, 1914-1922, 1928-1942, 1982-1990 (external), 1850, 1928-1932, 1982 (domestic)[6]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[7] | 481 202 | 581 426 | 622 093 | 649 076 | 700 325 | 759 422 | 846 990 | 948 865 | 1 022 820 | 1 088 130 |
| Govt. debt (% of GDP)[8] | 25.552 | 23.218 | ||||||||
| Govt. revenue (% of GDP)[9] | 13.782 | 14.745 | ||||||||
| Govt. expenses (% of GDP)[10] | 14.922 | 15.438 | ||||||||
| Debt to revenue (years) | 1.854 | 1.575 |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Mexico", from The World Factbook. Referenced 2010-09-21.
- ↑ Heritage Foundation. "Mexico", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
- ↑ Transparency International. "Mexico", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-21.
- ↑ Doing Business. "Mexico", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
- ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 373-375. (The list does not claim to be complete.) Referenced 2011-07-20.
- ↑ Carmen M. Reinhart. "This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises" (pdf), March 3, 2010, p. 76. (The list does not claim to be complete.) Referenced 2011-07-20.
- ↑ World Bank. "Mexico: GDP", from World Bank Data. Referenced 2010-09-21.
- ↑ World Bank. "Mexico: government debt", from World Bank Data. Referenced 2010-09-21.
- ↑ World Bank. "Mexico: government revenue", from World Bank Data. Referenced 2010-09-21.
- ↑ World Bank. "Mexico: government expenses", from World Bank Data. Referenced 2010-09-21.
Links
- Mexico on Wikipedia
- Central bank of Mexico
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
- Studies from the Library of Congress (1986-1998)
- BBC country profile
- Hugo Salinas-Price on the Nature of Money and Why Silver Should Be Legal Mexican Currency by Scott Smith, May 2010
- Mexico's failed war against the drug gangs by Luis Hernández Navarro, May 2011
- Another Plea to End the Insanity by Stephen Mauzy, June 2011, about the effects of the drug war on Mexico
