The Economy
Mexico’s US$2.3 trillion economy is the 11th largest in the world. It has become increasingly oriented toward manufacturing since NAFTA was signed in 1994. Per capita income is roughly one-third that of the United States. Income distribution is highly unequal. The country is now the United States’ second-largest export market and third-largest source of imports. Mexico has free trade agreements with 44 countries, and 90 percent of its trade is regulated by these agreements. The country is the 13th largest exporter in the world. In 2017, 81 percent of Mexican exports went to the US market. GDP size has quadrupled since NAFTA was signed in 1994. Mexico manufactures and exports the same amount of goods as ...
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