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,[1] with a gross domestic product (by PPP estimate) that surpassed a trillion dollars in 2004,[2] 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.[3] 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.[4] 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.[5]