Economy

Mexico Economy

With a GDP of $1.26trn, Mexico is the second-largest economy in Latin America after Brazil and one of the most liberalised in the region. Though economic growth has been slow, ranging from 2% to 3% during much of the past decade, a series of reforms introduced by the government of Enrique Peña Nieto are expected to accelerate the pace of economic development in the medium term. While initial investor and market excitement over the structural reforms has been tempered by low oil prices and a degree of nervousness over the potential effects of monetary tightening in the US, Mexico is set for growth in 2015, with the economy expected to expand by 3%, according to the IMF, following estimated GDP growth of 2.1% in 2014.

This chapter includes interviews with Ildefonso Guajardo Villarreal (IGV), Minister of Economy; Luis Videgaray Caso, Minister of Finance and Public Credit; Francisco N González Díaz, Director-General, ProMéxico; and Juan Pardinas, Director General, Mexican Institute for Competitiveness.

Cover of The Report: Mexico 2015

The Report

This chapter is from the Mexico 2015 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Juan Pardinas, Director-General, Mexican Institute for Competitiveness
Juan Pardinas, Director-General, Mexican Institute for Competitiveness: Interview

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart