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Potential US slowdown and escalating domestic violence could hurt the rebound
- The rebound continued into Q1 of 2011, and GDP is forecast to grow about 5% this year.
- However, in the long-term stronger growth will be hampered by lacking structural reforms and corruption.
- Solvency and liquidity situation remain stable. Current account deficits are easily financed by FDI.
- Biggest economic risks: slowdown of still fragile US rebound and further escalating domestic violence.
Real GDP growth (%)
Source: EIU / IMF
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General Information
Capital - Mexico City
Government type - Federal republic
Currency - Mexican peso (MXN)
Population - 111.3 million
Status - Upper middle income country
(GDP/capita: US-$ 10,509 in 2010)
Main import sources (2010)
- USA - 48.1%
- China - 15.1%
- Japan - 5.0%
- South Korea - 4.2%
- Germany - 3.9%
Main export markets (2010)
- USA - 80.0%
- Canada - 3.6%
- China - 1.4%
- Spain - 1.3%
- Brazil - 1.3%
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Date June 2011
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Mexico
