Doing business in Mexico: economic snapshot February 2018

ECONOMIC SNAPSHOT
MEXICO

Internal perspective

Even with a steep downswing in oil prices, Mexico — the world’s ninth-largest oil producer — has weathered the storm. While there’s government corruption at all levels, consumer confidence is strong, with Walmart a retail leader. Experts predict this emerging-market heavy will continue to shine, despite its northerly neighbor’s politics.

Population

123,675,325 (2017)

Internet users

45.1% (2015)

Gross domestic product (GDP)

  • $1.047 trillion

Top 5 Imports

Top 5 exports

Languages

Top 3 Trading Partners

Top franchises

GDP growth rate (est.)

  • 2.305% in 2016
  • 1.842% in 2017

Trends and outlooks

  • The economy has been resilient to lower oil prices
  • Policy tightening in the United States
  • Weak trade growth, but high consumer confidence

Economic challenges

  • Government corruption at all levels
  • Unchecked drug cartels
  • Plunging oil prices

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