Mexico: Difference between revisions
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Revision as of 12:30, 6 November 2010
The site of advanced Amerindian civilizations, Mexico came under Spanish rule for three centuries before achieving independence early in the 19th century. A devaluation of the peso in late 1994 threw Mexico into economic turmoil, triggering the worst recession in over half a century. The nation had been making an impressive recovery until the global financial crisis hit in late 2008. Ongoing economic and social concerns include low real wages, underemployment for a large segment of the population, inequitable income distribution, and few advancement opportunities for the largely Amerindian population in the impoverished southern states. The elections held in 2000 marked the first time since the 1910 Mexican Revolution that an opposition candidate - Vicente FOX of the National Action Party (PAN) - defeated the party in government, the Institutional Revolutionary Party (PRI). He was succeeded in 2006 by another PAN candidate Felipe CALDERON. In January 2009, Mexico assumed a nonpermanent seat on the UN Security Council for the 2009-10 term.[1]
Economical characteristics
- Currency: Peso (ISO code: MXN)
- Central bank discount rate: NA%[1]
- Commercial banks lending rate: 4.9% (31 December 2009)[1]
- Stock of money (M1): $115.9 billion (31 December 2009 est.)[1]
- Quasi money (with M1 makes M2): $146.8 billion (31 December 2009 est.)[1]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[2] | 481 202 | 581 426 | 622 093 | 649 076 | 700 325 | 759 422 | 846 990 | 948 865 | 1 022 820 | 1 088 130 |
| Govt. debt (% of GDP)[3] | 25.552 | 23.218 | ||||||||
| Govt. revenue (% of GDP)[4] | 13.782 | 14.745 | ||||||||
| Govt. expenses (% of GDP)[5] | 14.922 | 15.438 | ||||||||
| Debt to revenue (years) | 1.854 | 1.575 |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid
<ref>tag; no text was provided for refs namedCIA_MX - ↑ World Bank. "Mexico: GDP", from World Bank Data. Referenced 2010-09-21.
- ↑ World Bank. "Mexico: government debt", from World Bank Data. Referenced 2010-09-21.
- ↑ World Bank. "Mexico: government revenue", from World Bank Data. Referenced 2010-09-21.
- ↑ World Bank. "Mexico: government expenses", from World Bank Data. Referenced 2010-09-21.
External links
- Mexico on Wikipedia
- Central bank of Mexico
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
- Studies from the Library of Congress (1986-1998)
- BBC country profile
- Hugo Salinas-Price on the Nature of Money and Why Silver Should Be Legal Mexican Currency by Scott Smith, May 2010