Mining, manufacturing, and utility activities contributed 26.2% to Mexico’s gross value added (GVA) in 2022, followed by wholesale, retail, and hotels business activities (23.6%), and financial intermediation, real estate, and business activities (16.5%). In nominal terms, the three sectors are expected to grow by 8.1%, 8.1%, and 7.9%, respectively, in 2023.
Five major federal entities in Mexico generated approximately 36.2% of the country’s GDP and accounted for 27.5% of the country’s population as of 2022, according to the publisher.
The MEXBOL index has exhibited a volatile but rising trend. As of October 4, 2023, the index stood at 51,260.4, compared to 46,046.6 on October 4, 2022.
Five major federal entities in Mexico generated approximately 36.2% of the country’s GDP and accounted for 27.5% of the country’s population as of 2022, according to the publisher.
The MEXBOL index has exhibited a volatile but rising trend. As of October 4, 2023, the index stood at 51,260.4, compared to 46,046.6 on October 4, 2022.
Scope
- In February 2023, the Ministry of Infrastructure, Communications and Transport (SICT) announced that it would invest MXN352 billion ($19.5 billion) in 541 infrastructure projects.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: Mexico’s performance in terms of the country’s risk analysis in comparison to Latin America and the World
Exhibit 2: Performance overview (score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: MEXBOL index, (October 2022 - October 2023)
Exhibit 5: Key sectors contribution to the economy (2017-24f)
Exhibit 6: FDI and FDI stock (2018-22)
Exhibit 7: Greenfield FDI projects and net cross border M&As seller deals (2018-22)
Exhibit 8: Key infrastructure indicators
Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
Exhibit 10: Real GDP growth rate comparison (2022)
Exhibit 11: Volume of exports and imports growth (2018-25f)
Exhibit 12: Current account balance (2018-25f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Vehicles other than railway or tramway rolling stock, and parts and accessories thereof, % of world total (2022)
Exhibit 15: Interest rates (September 2018 - September 2023)
Exhibit 16: Exchange rate and inflation (2018-25f)
Exhibit 17: Public finance (2018-25f)
Exhibit 18: General government debt (2018-25f)
Exhibit 19: Unemployment rate (2018-25f)
Exhibit 20: Average annual wages (2018-25f)
Exhibit 21: Labor cost index (2018-25f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
Exhibit 26: Number of patents granted per million population (2022)
Exhibit 27: High-technology exports, % of manufactured exports (2021)
Exhibit 28: Rule of law (rankings), 2023
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy capacity (2017-21)
Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Pemez
- Comex
- OXXO
