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The economy of Mexico is a developing mixed-market economy. [21] It is the 13th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. [ 4 ] Since the 1994 crisis , administrations have improved the country's macroeconomic fundamentals .
Mexico is the 13th largest economy in the world and is the second largest in Latin America. But no country stands to lose more than Mexico in a trade war with the United States.
The Federal Government of Mexico (alternately known as the Government of the Republic or Gobierno de la República or Gobierno de México) is the national government of the United Mexican States, the central government established by its constitution to share sovereignty over the republic with the governments of the 31 individual Mexican states, and to represent such governments before ...
Mexico is a newly industrialized and developing country, [17] with the world's 12th-largest economy by both nominal GDP and PPP. Mexico ranks first in the Americas and seventh in the world by the number of UNESCO World Heritage Sites. [18] It is also one of the world's 17 megadiverse countries, ranking fifth in natural biodiversity. [19]
Mexico, currently the No. 12 economy according to World Bank data, aims to crack the Top 10 by 2030, Sheinbaum said. The nation will do so by boosting local manufacturing and swapping out imports ...
A government report published every two years that divides Mexico’s population into 10 segments by income says the very poorest segment in 2018 received about 19% of social spending.
Mexican president Claudia Sheinbaum said Mexico would enact tariffs and non-tariff economic retaliation against the United States. Both Canada and Mexico have said that Trump's tariffs violate the United States–Mexico–Canada free trade agreement ratified by the three countries in 2020. Economists have said that the tariffs are likely to ...
For the Mexican government, this loss of labor was "a shameful exposure of the failure of the Mexican Revolution to provide economic well-being for many of Mexico's citizens, but it also drained the country of one of its greatest natural resources, a cheap and flexible labor supply."