From Wikipedia, the free encyclopedia
|Economy of Mexico|
|Currency||Mexican peso (MXN, $)|
|Fiscal year||Calendar year|
|Central Bank||Banco de México|
|Trade organisations||NAFTA, WTO, and OECD|
|Stock Market||Bolsa Mexicana de Valores|
The economy of Mexico is 14th largest in the world, with a gross domestic product (by PPP estimate) that surpassed a trillion dollars in 2004, measured in purchasing power parity. As of July 2008, it has also surpassed a trillion dollars measured nominally as the peso has gained 10% against the dollar, making it currently the 13th largest by that measure. Mexico has a free market and export-oriented economy and is firmly established as an advanced middle-income country. According to the World Bank’s latest available figure (September 14, 2007), it has the highest income per capita in Latin America, in market exchange rates and in purchasing power parity. Mexico is the only Latin American member of the Organisation for Economic Co-operation and Development. According to Goldman Sachs BRIMC review of emerging economies, by 2050 the largest economies in the world will be as follows: China, USA, India, Japan, Brazil, and Mexico.