Hot growth markets in the spotlight: MexicoMexico facts at a glance | Economic indicator | 2015E | 2011 | 2012E | 2013E | 2014E | 2015E | | Real GDP growth (% per year) | 5.4 | 3.9 | 3.8 | 5.0 | 5.0 | 4.2 | | CPI inflation (%) | 4.2 | 3.2 | 3.8 | 3.6 | 3.4 | 3.0 | | Population (millions) | 113.6 | 115 | 116.3 | 117.6 | 118.9 | 120.2 | | Nominal GDP (US$b) | 1,034.7 | 1,153.6 | 1,193.6 | 1,275.9 | 1,363.2 | 1,450.1 | | GDP per capita (US$) | 9,109.2 | 10,035.2 | 10,262.6 | 10,845.8 | 11,460.5 | 12,062.4 | | Unemployment rate (%) | 5.4 | 4.5 | 3.9 | 3.5 | 3.5 | 3.5 | Note: All facts, except for unemployment rate, are from the EY Rapid Growth Market Forecast.
Source: Ernst & Young Rapid Growth Markets Forecast, http://emergingmarkets.ey.com/worldmap/mexico/ Oxford Economics, January 2012. Unemployment rate data: Country profiles, WEO Database IMF September 2011 website, accessed March 26, 2012 General facts | Total country area 1 | 1,964,375 sq km | | Comparative size | 12th largest in the world | | Natural resources | Petroleum, silver, copper, gold, lead, zinc, natural gas, timber | | Current population (approximate) | 115 million | | Population rank in the world | 11 | | Mobile phone lines (approximate) 2 | 97 million | | Internet users (approximate) 3 | 34.8 million | | Major cities | Mexico City (capital) 19.319 million, Guadalajara 4.338 million, Monterrey 3.838 million, Puebla 2.278 million, Tijuana 1.629 million (2009) | | Languages | Spanish (official language), English (used for international business) | | Corruption Perceptions Index country position 4 | Mexico has the 100th position in the ranking based on the public perception of corruption in 182 countries. For more information on this index, visit http://cpi.transparency.org. | | Main industries | Food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, tourism | Country debt ratings5 | Standard & Poor's | BBB | | Moody's | Baa1 | | Fitch | BBB | Mexico’s Globalization Index IndicatorsErnst & Young has collaborated for three years with the Economist Intelligence Unit on a series of reports that explore the business implications of globalization. The series includes the Globalization Index, which measures the performance of the world’s 60 largest economies. The following table shows the scores for the major economies in Latin America. For more information, please visit www.ey.com/globalization Simply by virtue of its vast natural resources, young population, and relatively steady GDP growth, Mexico would be a country to watch. But factor in some of its legal and infrastructure advantages, and it becomes truly formidable. In movement of labor and movement of capital, in particular, and the Mexican opportunity compares favorably to most Latin American countries. | | Mexico | Chile | Peru | Colombia | Brazil | Argentina | | Overall score | 3.73 | 4.27 | 3.44 | 3.43 | 3.24 | 3.13 | | Overall rank | 36 | 25 | 41 | 43 | 47 | 50 | | Movement of goods and services | 4.77 | 4.89 | 4.32 | 3.30 | 3.48 | 3.12 | | Movement of capital and finance | 4.79 | 6.24 | 4.43 | 4.56 | 4.64 | 3.38 | | Movement of labor | 3.04 | 3.98 | 3.14 | 3.46 | 2.56 | 3.21 | | Exchange of technology and ideas | 2.47 | 2.66 | 1.93 | 2.49 | 2.18 | 2.67 | | Cultural integration | 3.40 | 3.36 | 3.30 | 3.31 | 3.27 | 3.30 | Mexican population distribution by age groupsSource: “Population Projection Tables (2010),” The World Bank
1Mexico. CIA The World Factbook website, https://www.cia.gov/library/publications/the-world-factbook/geos/mx.html, Accessed March 26, 2012
2Poblacion, hogares y vivienda, Instituto Nacional de Estadistica y Geografia website, accessed March 26, 2012, http://www.inegi.org.mx/Sistemas/temasV2/Default.aspx?s=est&c=17484, 2012
3Estadisticas, COFETEL website, http://www.cft.gob.mx/, March 26, 2012
4Corruption Perception Index 2011, Transparency international website. –, http://cpi.transparency.org, accessed March 26, 2012
5Standard & Poor’s, Moody’s and Fitch websites, March 26, 2012 << Previous | Next >> Inside  Related Content Contacts - Manuel Solano
Tax managing partner for Mexico and Central America - International Tax Services
Director for Latin America
Tel: +52 55 1101-6437
- Alberto Tiburcio
President Director General
SAMP México y Centro América
Tel: +52 55 5283-1301
- Francisco Álvarez
Assurance Services Managing Partner
MeCASA
Tel: +52 55 5283-1369
- Fernando Garrido
Mexico & Central America Advisory Leader
Tel: +52 55 5283-1444
- Olivier Hache
Mexico & Central America Transaction Advisory Services Leader
Tel: +52 55 5283-1310
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