GDP: Mexico’s nominal Gross Domestic Product is around US$1.3 trillion. https://www.worldatlas.com/articles/the-economy-of-mexico.html View Images. We recently learned our economy did not grow at all in 2019. Following a deep recession led by the coronavirus (Covid-19) crisis in 2020, the economy will only partly recover in 2021 given the absence of fiscal support measures for consumers and businesses. With these interesting facts about Mexico, let’s learn more about its culture, history, people, economy, food and cuisine, and lots more. It also shares maritime borders with Cuba and Honduras. In fact, GDP actually decreased 0.5% on an annual basis during the final quarter of the year. Richard Salvucci, Trinity University Preface. Today, the country has bounced back and since gaining its independence from Spain in 1810 the country has steadily grown to be an emerging force in the world’s economy. Mexico is the second largest economy in Latin America. Mexico, country of southern North America and the third largest country in Latin America. This article is a brief interpretive survey of some of the major features of the economic history of Mexico from pre-conquest to the present. Mexico is bordered by the United State, Guatemala and Belize. Economic Data and Indicators Currency: Mexican Peso (100 centavos = 1 Peso). GDP growth in 2018 was 2%, and that has slowed to just 0.2% in the first half of 2019. Mexico is a land of extremes, with high mountains and deep canyons in the center of the country, sweeping deserts in the north, and dense rain forests in the south and east. I begin with the pre-capitalist economy of Mesoamerica. Mexico has had a tumultuous past that involved wars for their independence and a highly volatile economy. The Economic History of Mexico. 1. 25. Some of Volkswagen’s best-selling cars are partly produced in Mexico, and the country has become a … Mexico’s Economy is Booming. Mexico is the 15 th largest economy in the world and the 11 th largest in terms of purchasing power parity according to the IMF. https://www.focus-economics.com/country-indicator/mexico/gdp Mexican folk music called mariachi is often heard on Cinco de Mayo. For Exchange Rates and other useful information see Money in Mexico here on Mexperience. The word “Mexico” is a derivative of Mexica (pronounced “Me-shee-ka”). It is one of the chief economic and political forces in Latin America, with a dynamic industrial base, vast mineral resources, a wide-ranging service sector, and the world’s largest population of Spanish speakers. The World Bank Group engagement with the country is structured around a model that provides development solutions adapted to the country, with an integral package of financial, knowledge and convening services. MEXICO CITY (AP) — Mexico’s economic activity dropped 1.6% in the first quarter compared to the final three months of 2019, plunging the country deeper into … MEXICO CITY – This year has already brought a wave of bad news for Mexico. 2. The Economic History of Mexico.